• Thu
  • Oct 23, 2014
  • Updated: 4:18pm

BOC

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

New loans doled out by the mainland's Big Four banks surged 53 per cent last month compared to February, underscoring the ample liquidity available to meet the demand of the nation's investment boom. The four largest lenders extended a total of 331 billion yuan (HK$414 billion) in new loans last month, compared to 216 billion yuan in February and 370 billion yuan in January, the official China Securities Journal reported yesterday, citing unnamed sources.

Thursday, 4 April, 2013, 4:01am

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.

26 Jan 2013 - 4:36am

Market Open: Hong Kong stocks seen lower on China pessimism

Hong Kong stocks are tipped to open lower, with investors less hopeful of any monetary easing by Chinese policy makers  before the Communist Party's crucial 18th Congress, scheduled to start in Beijing on November 8.

11 Oct 2012 - 9:02am

Market Open:Hong Kong stocks seen higher as Huijin continues purchasing stake

Hong Kong stocks are expected to open higher, boosted by financial players as China's state-run investment arm increases its holdings in Chinese banks to shore up investor confidence in the onshore market.

10 Oct 2012 - 8:36am

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

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 with the same period last year, when profit grew 19 per cent.

25 Aug 2012 - 2:10am

Bank of China posts sharply lower profit growth

Bank of China, the mainland's fourth-largest lender by assets, says profit growth slowed sharply in the first half of this year because of a weaker economy, regulatory changes and the absence of one-time gains that bolstered earnings last year.

24 Aug 2012 - 3:36am

BOC profit soars to record but bad loans raise fears

Bank of China, the mainland's fourth-largest lender by market value, posted record net profit for last year, but an increase in bad loans in the past quarter stoked fears its asset quality and earnings outlook are deteriorating.

30 Mar 2012 - 12:00am

Staying ahead of the pack

Many factors contribute to the success of today's leading banks, foremost among them is the ability to anticipate and incorporate change. Whether that is a matter of adopting internet technologies, introducing new investment choices, or setting higher standards of customer service, the key is to embrace innovation without forgetting the importance of core corporate values.

24 Feb 2012 - 12:00am

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

Banks should consider a modest easing in lending to first-time homebuyers and increase support for government-subsidised housing to limit the risk from the weakening property sector, Bank of China economists said yesterday.

29 Dec 2011 - 12:00am

How HSBC and BOC may have built-in good fortune

Hong Kong is not just one of the main financial capitals of Asia, it is also considered to be the capital of fung shui in terms of usage, as many major buildings here are built according to fung shui principles.

There are numerous examples. One such is the iconic HSBC Main Building in Central, designed by Norman Foster and completed in 1985.

19 Nov 2011 - 12:00am

Fund-raising not on BOC agenda, chief says

Bank of China, unlike its major mainland competitors, has no immediate plans to raise more capital, says Li Lihui, president of the mainland's biggest foreign exchange lender.

21 Jul 2011 - 12:00am

Corrections & clarifications

The article 'BOC Aviation looking at HK yuan bonds for funds' on B3 yesterday should have said BOC Aviation will be taking US$200 million in equity from its parent this year, following an equity increase of US$100 million last year. The company raised S$45 million through a bond issuance in September.

9 Nov 2010 - 12:00am

Fake banknote withdrawn from cash machine

A counterfeit banknote smaller than a normal note was withdrawn from a Bank of China cash machine at University station last week.

Yesterday a businessman surnamed Yu said one of the 100 yuan (HK$114) banknotes, among 15 he withdrew from the automated teller machine (ATM), was a suspected fake, smaller, thinner and smoother compared with a real one.

22 Dec 2009 - 12:00am

For tickets, standing in line beats going online

Traditional over-the-counter purchases rather than online applications appeared the best plan of attack yesterday as the third round of sales of Olympic tickets kicked off.

About 50 customers had bought tickets by 2pm yesterday at each of the four Bank of China outlets in Chaoyang district. Eighty people expected to get their tickets at each branch by the close of business.

6 May 2008 - 12:00am

BOC books US$198m in US subprime losses

Profit rises 85pc to 21.7b yuan, beating estimates

Bank of China, the nation's third-largest lender, set aside US$198 million for subprime investments in the United States in the first quarter but still reported a better than expected 85.15 per cent growth profit.

29 Apr 2008 - 12:00am

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