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.

BANKING

Big Four's new-loans quota for 2013 'close to 3tr yuan'

19 Jan 2013

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...

Fresh loans down at big four state banks

9 Jan 2013

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.

Big Four mainland banks book 23.6pc drop in new loans in November

7 Dec 2012

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.

LME hopes to attract more members from China

4 Dec 2012

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...

Letters to the Editor, November 29, 2012

29 Nov 2012

I refer to the letter by Sai Pradhan ("Weak law on idling engine ban is proving impossible to enforce", November 26). I totally agree that the Statutory Ban Against Idling of Motor Vehicle Engines...

Opinion

Alex Lo

Church developers remain unbowed by government rules

George Chen

A house is not a home until it becomes affordable

Tom Holland

Signs of nightmare scenario in China's latest economic data

Bank of China to expand yuan business in UK

Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan.

Bad loans are staying at an 'excellent range'

The mainland's leading state-owned lenders expect non-performing loans to remain steady in the fourth quarter as the economy stabilises.

BOC branches into private banking

While investment banks across the town are laying off staff, Bank of China (Hong Kong) is on a hiring spree for its newly launched private banking business.

EARNINGS

Agricultural Bank Q3 results beat forecasts

Agricultural Bank of China posted a forecast-beating net profit growth of 16 per cent in the third quarter from a year ago, and analysts think increased demand for loans on the mainland will buoy...

EARNINGS

BOC net profit rises 16.6pc to beat market forecasts

Bank of China, the fourth-largest mainland bank by market value, beat market forecasts with a 16.6 per cent increase in third-quarter net profit from a year ago, but analysts say the slowing...

Bank of China posts strongest profit growth in a year

Bank of China posted its biggest quarterly profit gain in a year, beating estimates, as interest margins widened following increased demand for credit.