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  • September 17, 2014
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  1. Business - Banking & Finance - RESULTS

    Bank of China profit growth slows to 7.6pc in first six months

    Posted Aug 25th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com BOC blames weaker economy for slower earnings growth Bank of China, the mainland's fourth-largest lender by assets, said it would stem the slide in credit quality and boost fee income, after profit growth slowed sharply in the first half. Net profit rose 7.6 per cent to 71.6 billion yuan (HK$87.6 billion) in the first six months compared ...

  2. Business - Economy - CURRENCIES

    Yuan trade to start in Taiwan in weeks

    Posted Jan 26th 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Yuan trade to start in Taiwan in weeks The central bank has appointed Bank of China's Taipei branch to clear yuan transactions in Taiwan, in the latest step to strengthen economic ties between the mainland and the island. The People's Bank of China signed a clearing agreement with the BOC branch yesterday, under which Taiwan ...

  3. Business - Banking & Finance - BANKING

    Bank of China posts sharply lower profit growth

    Posted Aug 24th 2012, 12:00am by Lulu Chen

    ... that while BOC's results were in line with industry trends, an uptick in overdue loans and bad debt in Zhejiang province raised red flags. Total overdue loans, which are not yet classified ... aside in the year-earlier half. BOC's income from fee-based businesses, such as trade finance and services, dropped 2 per cent to 34.3 billion yuan in the first half, mainly because ...

  4. For tickets, standing in line beats going online

    Posted May 06th 2008, 12:00am by Staff Reporter

    ... by the close of business. A BOC branch manager said the ticket sales took up a lot of resources. 'Everyone could buy up to six tickets, and our people had to go through the selection process ... Olympic tickets available yesterday, but going to BOC branches was a better bet than the Games' official ticket-sales website. Customers could log on to the site and select tickets, ...

  5. Key investors get US$1.9b of BOC float

    Posted May 03rd 2006, 12:00am by Staff Reporter

    ... the limit. BOC, which began pre-marketing its float yesterday, intends to sell its shares at a discount to its Hong Kong-listed mainland peers such as Bank of Communications and China Construction Bank Corp, says a report by BOC International. BOCI, Goldman Sachs and UBS are the bookrunners. In the report, BOCI said the bank might float its shares at two to 2.3 times their estimated book ...

  6. BOC profit soars to record but bad loans raise fears

    Posted Mar 30th 2012, 12:00am

    ... and Commercial Bank of China. BOC's non-performing loans in the fourth quarter rose 1.4 billion yuan. Analysts described it as a bad sign, predicting bad debts would continue to grow this year. ... that a big portion of the loans would turn sour this year as some of the projects would not be able to generate enough cash to pay back the debts. BOC said net interest margin was 2.33 per cent last ...

  7. Time to relax rules for first-time buyers, BOC says

    Posted Dec 29th 2011, 12:00am

    ... that could be used for lending. The BOC economists suggested banks provide preferential lending rates to first-time home buyers in a move to support a stable development of the property sector. ... slowdown and could weaken commercial banks' asset quality. BOC predicted home prices would continue to soften, while sales volume would drop about 15 per cent next year. The bank also ...

  8. How HSBC and BOC may have built-in good fortune

    Posted Nov 19th 2011, 12:00am

    ... Building (BOC). But these have now been removed. The taller neighbouring BOC Building is also built according to fung shui principles. It has its main door facing The Peak and its back doors facing ... inflow of wealth and a small outflow, thereby allowing wealth to be accumulated. The BOC Building is surrounded by flyovers on three sides. Hence, on the Garden Road side, there are tai chi works ...

  9. Business - Banking & Finance - BANKING

    China's Big Four banks lend 53pc more in March on investment boom

    Posted Apr 04th 2013, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Jump highlights liquidity available to fuel urbanisation push while exacerbating fears of those worried about property market bubble Lending by Big Four rises 53 pc in March New loans doled out by the mainland' ...

  10. Fund-raising not on BOC agenda, chief says

    Posted Jul 21st 2011, 12:00am

    ... and huge share sales at the banks by foreign institutional investors. But BOC had no fund-raising plans 'for the moment', Li said on the sidelines of a banking report launch yesterday. ... state investment firm, sold about 5.19 billion H shares in BOC this month. After the offloads, it holds about 5.3 billion shares of the BOC's H-shares. Temasek's stake will fall to 1.9 ...




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