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Established in 1908, Bank of Communications is one of the largest banks in the People’s Republic of China. It was listed in Hong Kong in 2005 and in Shanghai in 2007.
- ‘Window guidance’ by top watchdog on recognising NPLs early unlikely to affect loans or impairment charges, say analysts
- Some banks have been using stringent conventions since as early as 2018
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
Peng Chun will leave Bank of Communications to become the third chairman of China Investment Corporation since the sovereign wealth fund was founded
Peng Chun will leave Bank of Communications to become the third chairman of China Investment Corporation since the sovereign wealth fund was founded
China’s fifth biggest lender saw credit-card payments rise 44 per cent as Beijing makes life tougher for digital payment firms
China’s fifth biggest lender saw credit-card payments rise 44 per cent as Beijing makes life tougher for digital payment firms
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.
Bank of Communications has shot back at a new constraint on bank deposits, calling the rule issued jointly by three mainland regulators an obstacle to growing deposits and saying banks would simply find a way around it.
Bank of Communications has shot back at a new constraint on bank deposits, calling the rule issued jointly by three mainland regulators an obstacle to growing deposits and saying banks would simply find a way around it.
Bank of Communications posted a 2 per cent drop in its net profit in the final three months of last year, the only one of the mainland's top five banks to miss market forecasts.
Bank of Communications posted a 2 per cent drop in its net profit in the final three months of last year, the only one of the mainland's top five banks to miss market forecasts.
Bank of Communications (Bocom), the mainland's fifth-largest lender by assets, said net profit climbed 11.5 per cent in the first quarter but impairment losses on loans and advances surged by more than a third year on year.
Bank of Communications (Bocom), the mainland's fifth-largest lender by assets, said net profit climbed 11.5 per cent in the first quarter but impairment losses on loans and advances surged by more than a third year on year.
Beijing is expected to announce appointments to key financial positions in the near future as the new leadership prepares to take bolder steps towards financial reforms.
Beijing is expected to announce appointments to key financial positions in the near future as the new leadership prepares to take bolder steps towards financial reforms.