In the January-March period, net earnings rose to 39.8 billion yuan (HK$49.5 billion) from 36.8 billion yuan a year ago, thanks to improved lending profitability and robust growth in fee and...
- Wed
- May 22, 2013
- Updated: 8:07pm
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Bank of China
Bank of China
Bank of China is one of the big four state-owned commercial banks of the People's Republic of China – the other three are Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China. Bank of China was founded in 1912 to replace the Government Bank of Imperial China, and is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Government of the Republic of China along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1928 the Central Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank.
18 Apr 2013
Bank of China (Hong Kong), one of the biggest credit card issuers in the city, says it will launch a near-field communication (NFC) mobile payment system in the second half of this year.
5:33AM
16 Apr 2013
Bank of China (BOC), the mainland's largest foreign-exchange lender, will soon have a new chairman, following the appointment of Tian Guoli as party secretary on Monday.
4:32AM
14 Apr 2013
There are no dollar signs or references to money, but the striking Bank of China Tower in Admiralty screams economic might, according to a new list of the world's most eye-catching corporate...
6:58AM
29 Mar 2013
Mainland China's largest banks capped a sixth year of record profits by posting a 21 per cent average return on equity (ROE), more than twice the rate earned by US and European competitors led by...
5:25AM
26 Mar 2013
The mainland's two biggest lenders yesterday reported double-digit growth in their net profit last year, but analysts warned the pace would slow as bad loans rose and interest rate liberalisation...
5:31AM
Bank of China announced that its chairman Xiao Gang had resigned for unexplained reasons. Simultaneously, Chinese media reported that Xiao had been named as the new head of China's securities...
5:45PM
Beijing has picked the chairman of the Bank of China, Xiao Gang, to replace Guo Shuqing as head of the mainland's securities regulator, at a time when massive reforms are being undertaken to...
12:35AM
The four biggest mainland banks by assets are expected to get a 35 per cent share of the country's new-loan quota of 8.5 trillion yuan (HK$10.6 trillion) this year, maintaining their dominance...
5:12AM
The "big four" state-controlled banks doled out fewer new loans last month than in November, spurring hope that mainland banks might have put the brakes on lending.
4:08AM
As the growth of loans on the mainland continues to decelerate, the Big Four banks' new lending fell 23.6 per cent last month from October.
3:23AM
London Metal Exchange, which got regulatory approval last week to become part of Hong Kong Exchanges and Clearing, believes more Chinese banks and brokers will apply for membership as more...
4:17AM
10:43PM
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