3988-OL.HK - BANK OF CHINA

HKSE - HKSE Delayed price. Currency in HKD
Stock chart is not supported by your current browser
Previous closeN/A
OpenN/A
BidN/A x N/A
AskN/A x N/A
Day's rangeN/A - N/A
52-week rangeundefined - undefined
VolumeN/A
Avg. volumeN/A
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • IMF Says It's Dangerous for Politicians to Bash Central Banks
    Bloomberg11 days ago

    IMF Says It's Dangerous for Politicians to Bash Central Banks

    The International Monetary Fund warned of “dangerous” consequences for the U.S. economy if moves such as President Donald Trump’s calls for Federal Reserve interest-rate accommodation lead to monetary policy mistakes. “Undermining central-bank independence would be dangerous,” Tobias Adrian, director of the fund’s monetary and capital-markets department, said when asked about Trump’s recent criticism of the Fed. He spoke as the IMF’s spring meetings were getting under way in the U.S. capital. The central bank in the world’s largest economy "is set up as a very independent institution.

  • Reuters24 days ago

    Bank of China Q4 profit eases 0.3 pct, above estimates

    BEIJING/HONG KONG, March 29 (Reuters) - Bank of China Ltd (BoC) , the country's fourth-largest lender by assets, said on Friday net profit eased 0.3 percent in the fourth quarter of 2018, its first quarterly ...

  • PBOC Expected to Adopt More Moderate Stimulus in 2019
    Bloomberg26 days ago

    PBOC Expected to Adopt More Moderate Stimulus in 2019

    The PBOC will continue to reduce the amount of money lenders have to put aside as reserves, with the earliest cut taking place next quarter and two others in the second half of this year, according to the median estimate of 39 economists and traders in concurrent Bloomberg surveys. The required-reserve ratio will be lowered by 50 basis points in each three month period, or 150 basis points altogether by the end of the year, the surveys showed. “There is a high probability that monetary policy will refrain from further easing at the short-end as China’s stock and property markets recover,” bringing about a need to defend against asset bubbles, said Ji Tianhe, a strategist at BNP Paribas in Beijing.

  • Reuterslast month

    Bank of China unit fined $1.27 million in Hong Kong

    Hong Kong's securities regulator has fined a unit of Bank of China HK$10 million ($1.27 million) for failing to follow guidelines on sale of investment products. The Securities and Futures Commission (SFC) said that Bank of China International Securities failed to properly assess some of its clients' risk tolerance levels, or to ensure that its recommendations to clients were suitable. Rules governing the sale of investment products, and firms' compliance with them are a focus in Asia at the moment, following Australia's year-long inquiry into financial wrongdoing, which made a number of recommendations about how financial products should be marketed to consumers.

  • India's Economy Is No Longer One of the Cool Kids
    Bloomberg2 months ago

    India's Economy Is No Longer One of the Cool Kids

    When Reserve Bank of India officials reviewed the global economy at February’s meeting, they ticked off a list of major emerging markets that had struggled: China, Russia, Brazil and South Africa all got a must-do-better grade. Disappointing numbers released Thursday mean policy makers can add one closer to home: India itself. It's that India should be doing better with the avowedly pro-business government of Narendra Modi wrapping up a five-year term.

  • Reuters2 months ago

    Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sources

    China's central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters. "We cannot rule out a (benchmark) rate cut, but we still need to watch economic data for a few months," one said. China's trading partners and major central banks are increasingly concerned over how quickly the world's second-largest economy is decelerating and much it will drag on global growth.

  • Reuters - UK Focus2 months ago

    Sri Lanka raises borrowing limit for dollar denominated bonds-govt sources

    Sri Lanka has raised its borrowing limit for dollar-denominated bonds to $3 billion and chosen seven lead managers to tap the international market as soon as possible, three government sources said on Tuesday. The decision followed a delay in a pledged loan from Bank of China, the sources, who are familiar with the matter, told Reuters. If market conditions are conducive, the sovereign bond could be raised to $3 billion, they said.

  • Reuters2 months ago

    Bank of China's $300 million loan to Sri Lanka faces delay - government officials

    A $300 million loan offered by Bank of China to Sri Lanka is facing delays, government officials familiar with the negotiation told Reuters. The Indian Ocean island nation, a key battleground in the tussle for influence in South Asia between China and traditional regional power India, was due to receive the loan before the end of January, but it is now unlikely to be finalised until later this month, according to four officials. Sri Lanka is seeking the loan, which it said could be raised to $1 billion by the end of March, as it struggles to repay foreign debts after a political crisis delayed the government's borrowing plan.

  • Reuters - UK Focus3 months ago

    TREASURIES-Seven-year rich after solid auction; yields lower ahead of Fed

    The U.S. Treasury Department auctioned seven-year government notes at a yield of 2.625 percent, the lowest at an auction of this debt maturity since January 2018, Treasury data showed. Direct bidders who buy issues from Treasury without a Wall Street intermediary - a group that includes bond dealers, large fund managers and select foreign central bank like the People's Bank of China (HKSE: 3988-OL.HK - news) - took 24.9 percent of the auction.

  • Reuters3 months ago

    China readies first perpetual bond issue by bank, but demand could be weak

    SINGAPORE/SHANGHAI (Reuters) - China took a big step last week on the long road toward recapitalisation of banks hobbled by stale loans, giving a first ever approval for a perpetual bond issue by a lender, but going by initial feedback "perps" could be difficult to sell. The role of pathbreaker has fallen to Bank of China (BoC), the country's fourth-largest lender. Last Thursday, the banking and insurance regulator gave BoC clearance to issue up to 40 billion yuan ($5.9 billion) of non-fixed term bonds.

  • Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter
    Reuters3 months ago

    Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter

    Sri Lanka will receive a loan of $1 billion from Bank of China before the end of the January-March quarter, the chief of the central bank said on Thursday, to help the country meet repayments in the coming months. Sri Lanka is struggling to repay its foreign loans, with a record $5.9 billion due this year including $2.6 billion in the first three months. The island nation is a key battleground in the tussle for influence in South Asia between China and traditional regional power India.

  • Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion
    Reuters3 months ago

    Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion

    Sri Lanka is considering an offer from Bank of China for a loan of $300 million (£234.7 million), which could be raised to $1 billion, to help it meet repayments in coming months, junior finance minister Eran Wickramaratne told Reuters on Tuesday. A series of credit rating downgrades amid a political crisis have made it harder for Sri Lanka to borrow as it faces record high repayments of $5.9 billion this year, $2.6 billion of which fall due in the first three months. "It's extremely difficult to tap the international market due to tight conditions and rating downgrades," said Wickramaratne, who is the state minister of finance.

  • Reuters - UK Focus3 months ago

    EMERGING MARKETS-Emerging market stocks hit near six-week top on China stimulus signals

    Emerging market stocks rose on Tuesday, helped by Chinese shares clocking their best day in a week and a half on signs of more stimulus, while developing world currencies broadly firmed against a soft dollar ahead of Britain's parliamentary vote on Brexit. Chinese shares gained as Beijing signalled more stimulus to bolster the world's second largest economy, a day after weaker-than-expected monthly trade data prompted deeper fears about the toll a bruising trade war with the United States was exacting. Concerns about slowing global growth raised expectations of a pause in U.S. Federal Reserve rate hikes, weakening the dollar in the run-up to the parliamentary vote on Prime Minister Theresa May's European Union divorce deal.

  • Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
    Reuters3 months ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

    Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters3 months ago

    Bank of China to enable payment in yuan on U.S. e-commerce platforms - Xinhua

    Bank of China's New York branch [BKCHNW.UL] will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch said payment in yuan would be possible by tapping new functions of e-MPay, a cross-border payment system launched by the branch in 2016. The branch is developing a system using an existing platform to "facilitate trade finance for e-commerce players," said Xu Chen, president and chief executive officer of Bank of China USA, Xinhua reported, without providing further details.

  • Reuters3 months ago

    BRIEF-Jilin Province Huinan Changlong Bio-Pharmacy Co Says Subscribed For Wealth Management Product In Amount Of RMB100 Mln

    Jan 10 (Reuters) - Jilin Province Huinan Changlong Bio-pharmacy Co Ltd: * SUBSCRIBED FOR WEALTH MANAGEMENT PRODUCT FROM POSTAL SAVING BANK OF CHINA IN AMOUNT OF RMB100 MILLION Source text for Eikon: Further ...

  • This is what China is doing to avoid an economic slowdown
    Sky News4 months ago

    This is what China is doing to avoid an economic slowdown

    China's central bank has relaxed the rules on how much capital the country's lenders must hold in cash reserves as it seeks to maintain growth. It is the fifth such time during the last year that the People's Bank of China (HKSE: 3988-OL.HK - news) (PBoC) has made such a move. The measure comes amid growing concerns about weakening demand from Chinese consumers and businesses.

  • Reuters - UK Focus4 months ago

    MORNING BID EUROPE-Italy and EU: agreeing to disagree - for now

    Yesterday's compromise on Italy's 2019 budget eases the financial market pressure on Italian bonds and allows Brussels to focus on dealing with Brexit and preparing for European Parliament elections next year, where eurosceptic populists are hopeful of gains. One thing the negotiations have thrown into relief is the rising stature of Prime Minister Giuseppe Conte, the political novice initially brought in to be the front man while the real power lay with the coalition party leaders.

  • Reuters4 months ago

    BRIEF-Argus Shanghai Textile Chemicals Signs Agreement With Bank Of China's Shanghai Branch

    Dec 7 (Reuters) - Argus Shanghai Textile Chemicals Co Ltd : * SAYS IT SIGNS COOPERATION FRAMEWORK AGREEMENT WITH BANK OF CHINA SHANGHAI BRANCH Source text in Chinese: https://bit.ly/2G5eRaS Further company ...

  • Reuters - UK Focus5 months ago

    GRAPHIC-December blizzard of risk events for markets

    This year has been a bumpy one for global financial markets, but before investors can turn their attention to 2019 they must first get through December, which is packed full of event risks. The following graphics show the calendared and unscheduled events in December and their significance for world markets. All eyes will be on the planned meeting between U.S. President Donald Trump and Chinese President Xi on Saturday (Shenzhen: 002291.SZ - news) to see whether they can find a way to resolve their differences over trade.

  • Reuters5 months ago

    BRIEF-China Molybdenum Signs Framework Agreement With Bank Of China On Financial Services Cooperation

    Nov 26 (Reuters) - China Molybdenum Co Ltd : * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH BANK OF CHINA ON FINANCIAL SERVICE COOPERATION Source text in Chinese: https://bit.ly/2Kx7Eic Further company coverage: ...

  • Reuters5 months ago

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of Bank Of China's A-Shares Involving 750.95 Mln Yuan On Nov 21

    Nov 21 (Reuters) - Bank Of China Ltd: * SHANGHAI STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF BANK OF CHINA'S 208.02 MILLION A-SHARES INVOLVING 750.95 MILLION YUAN ($108.25 million) ON NOV 21 Source text ...

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes