The Bank of China tower in Hong Kong. The bank, China’s fourth-largest by assets, reported a net profit of US$27.41 billion for 2017. It’s Hong Kong arm, however, reported a worse than expected result of US$3.62 billion for the same period. Photo: Sam Tsang

Bank of China, BoCom see profits rise as shadow banking crackdown drives traditional lenders’ revival

Better loan growth and fewer bad debts help ‘Big Five’ lenders to higher profits

Topic |   Hong Kong company reporting season

TOP PICKS

The Bank of China tower in Hong Kong. The bank, China’s fourth-largest by assets, reported a net profit of US$27.41 billion for 2017. It’s Hong Kong arm, however, reported a worse than expected result of US$3.62 billion for the same period. Photo: Sam Tsang
READ FULL ARTICLE