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Bank of Communications Co Ltd (3328.HK)

3328.HK on Hong Kong Stock

5.33HKD
19 Aug 2019
Change (% chg)

HK$0.06 (+1.14%)
Prev Close
HK$5.27
Open
HK$5.28
Day's High
HK$5.37
Day's Low
HK$5.28
Volume
19,357,018
Avg. Vol
22,117,767
52-wk High
HK$7.06
52-wk Low
HK$5.20

Latest Key Developments (Source: Significant Developments)

Bank Of Communications Gets Approval By People's Bank Of China For Issue Of Tier-2 Capital Bonds
Thursday, 4 Jul 2019 

July 4 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::ANNOUNCES APPROVAL BY PEOPLE'S BANK OF CHINA ON ISSUE OF TIER-2 CAPITAL BONDS.GETS APPROVAL TO PUBLICLY ISSUE TIER-2 CAPITAL BONDS WITH AN AGGREGATE AMOUNT UP TO RMB40 BILLION.  Full Article

Bank Of Communications Says Bocom Wealth Management Officially Commences Business
Thursday, 13 Jun 2019 

June 13 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::BOCOM WEALTH MANAGEMENT OFFICIALLY COMMENCES BUSINESS AND OPERATION ON 13 JUNE 2019 IN SHANGHAI.  Full Article

Bank Of Communications Says Prague Branch Of Bank Officially Opened On Local Time 20 May
Tuesday, 21 May 2019 

May 21 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::ANNOUNCES THAT PRAGUE BRANCH OF BANK HAS BEEN OFFICIALLY OPENED IN CZECH REPUBLIC ON LOCAL TIME 20 MAY.  Full Article

Bank Of Communications Q1 Net Profit Attributable RMB 21,071 Mln
Monday, 29 Apr 2019 

April 29 (Reuters) - Bank Of Communications Co Ltd <601328.SS>::Q1 NET PROFIT ATTRIBUTABLE RMB 21,071 MILLION VERSUS RMB 20,091 MILLION.Q1 NET INTEREST MARGIN OF GROUP INCREASED BY 23 BASIS POINTS ON A YEAR-ON-YEAR BASIS TO 1.59%.QTRLY NET INTEREST INCOME RMB 34,857 MILLION VERSUS RMB 29,212 MILLION.TIER 1 CAPITAL ADEQUACY RATIO 12.23% PERCENT AS AT MARCH 31.  Full Article

Bank Of Communications Says Chairman Peng Chun Resigns Due To Change In Job Role
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Bank Of Communications Co Ltd <601328.SS><3328.HK>::SAYS CHAIRMAN PENG CHUN RESIGNS DUE TO CHANGE IN JOB ROLE, EFFECTIVE FROM APRIL 9.  Full Article

Bank Of Communications Proposed To Use No More Than Rmb5.5 Bln Of Its Own Funds To Increase Bank Of Communications Financial Leasing's Capital
Friday, 29 Mar 2019 

March 29 (Reuters) - 3328.HK <3328.HK>::BANK OF COMMUNICATIONS CO- PROPOSED TO USE NO MORE THAN RMB5.5 BILLION OF ITS OWN FUNDS TO INCREASE CAPITAL OF BANK OF COMMUNICATIONS FINANCIAL LEASING.  Full Article

China Banking And Insurance Regulator Says To Allow Agricultural Bank Of China, Bank Of Communications To Set Up Wealth Management Units
Friday, 4 Jan 2019 

Jan 4 (Reuters) - China's Banking and Insurance Regulatory Commission::SAYS TO ALLOW AGRICULTURAL BANK OF CHINA, BANK OF COMMUNICATIONS TO SET UP WEALTH MANAGEMENT UNITS.  Full Article

Bank Of Communications Updates On Public Issuance Of A Share Convertible Corporate Bonds
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - 3328.HK <3328.HK>::GETS APPROVAL ON PUBLIC ISSUANCE OF A SHARE CONVERTIBLE CORPORATE BONDS BY CSRC PUBLIC OFFERING REVIEW COMMITTEE.  Full Article

Shanghai Jin Jiang Hotels Sold Shares In Changjiang Securities, Shenwan Hongyuan, Quanjude, Bank Of Communications
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Shanghai Jin Jiang International Hotels Development Co Ltd <600754.SS>::SAYS IT SOLD SHARES IN CHANGJIANG SECURITIES <<<000783.SZ>>>, SHENWAN HONGYUAN <<<000166.SZ>>>, CHINA QUANJUDE <<<002186.SZ>>>, A-SHARES IN BANK OF COMMUNICATIONS <<<601328.SS>>> BETWEEN OCT 26 AND OCT 30.SAYS IT RECEIVES INVESTMENT GAINS OF ABOUT 129.8 MILLION YUAN ($18.62 million) FROM THE TRANSACTIONS.  Full Article

Bank Of Communications Posts 9-Month Net Profit Of RMB57,304 Mln
Friday, 26 Oct 2018 

Oct 26 (Reuters) - 3328.HK <3328.HK>::9-MONTH NET PROFIT RMB 57,304 MILLION VERSUS RMB 54,419 MILLION.9-MONTH NET INTEREST MARGIN OF GROUP DECREASED BY 3 BASIS POINTS ON A YEAR-ON-YEAR BASIS TO 1.47%.9-MONTH NET INTEREST INCOME RMB95.175 BILLION, UP 2.4 PERCENT.AS AT SEPT 30 2018 TIER 1 CAPITAL ADEQUACY RATIO 11.93 PERCENT.AS AT SEPT 30 2018 IMPAIRED LOANS RATIO DECREASED BY 0.01 PERCENTAGE POINT FROM THE END OF LAST YEAR TO 1.49%.  Full Article

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Breakingviews - China’s rate reform inches along the market path

HONG KONG (Reuters Breakingviews) - China’s lending policy is inching along the path to market. The central bank’s latest move to reform the way mainland interest rates are set pushes aside a long-standing benchmark decided by officials. It’s an overdue step designed to ease credit conditions and help companies borrow. Transmission problems remain, but a move closer to a more responsive system is welcome.