Intensified competition for deposits is likely to cast a cloud over returns on lending at BOC Hong Kong (Holdings) - BOCHK - for the rest of the year, the bank's chief executive said yesterday.
- Thu
- Oct 3, 2013
- Updated: 5:03pm
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.
30 Aug 2013
Bank of China and Industrial and Commercial Bank of China raise concern over increase in non-performing loans as they report interim results that are better than market forecasts.
9:51AM
9 Jul 2013
Bank of China (Hong Kong) has from today raised its rate under the scheme to 2.65 per cent per annum from 2.4 per cent for borrowers opting to lock in their interest rate for the first five years...
5:01AM
1 Jul 2013
As part of a series to test the quality of the financial advice being given by Hong Kong's banks, the South China Morning Post carried out a mystery shopping exercise at eight institutions. This...
5:15AM
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26 Apr 2013
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...
4:14AM
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
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
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
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
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
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23 Sep 2013
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