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United Kingdom

Bank of China Ltd (3988.HK)

3988.HK on Hong Kong Stock

3.23HKD
25 Jun 2019
Change (% chg)

HK$-0.04 (-1.22%)
Prev Close
HK$3.27
Open
HK$3.28
Day's High
HK$3.28
Day's Low
HK$3.21
Volume
412,272,864
Avg. Vol
337,111,861
52-wk High
HK$3.91
52-wk Low
HK$3.19

Latest Key Developments (Source: Significant Developments)

Bank Of China's Application For Non- Public Issuance Of Domestic Preference Shares Approved
Monday, 10 Jun 2019 

June 10 (Reuters) - Bank Of China Ltd <601988.SS>::BANK'S APPLICATION FOR NON- PUBLIC ISSUANCE OF DOMESTIC PREFERENCE SHARES HAS BEEN APPROVED.  Full Article

Moody's Says Big 6 China Banks Face High Credit Costs, Despite Stable 2018 Results
Tuesday, 23 Apr 2019 

April 23 (Reuters) - MOODY'S::MOODY'S SAYS BIG 6 CHINA BANKS FACE HIGH CREDIT COSTS, DESPITE STABLE 2018 RESULTS.MOODY'S SAYS RESULTS IN 2018 FOR CHINA'S SIX LARGEST COMMERCIAL BANKS SHOW PERSISTENT ASSET RISKS.MOODY'S SAYS MAINTAIN A STABLE CREDIT OUTLOOK ON BIG SIX CHINA BANKS' PERFORMANCE OVER THE NEXT 12-18 MONTHS.  Full Article

Moody's Says Big 6 China Banks Face High Credit Costs, Despite Stable 2018 Results
Thursday, 18 Apr 2019 

April 18 (Reuters) - Moody's::MOODY'S SAYS BIG 6 CHINA BANKS FACE HIGH CREDIT COSTS, DESPITE STABLE 2018 RESULTS.MOODY'S SAYS RESULTS IN 2018 FOR CHINA'S SIX LARGEST COMMERCIAL BANKS SHOW PERSISTENT ASSET RISKS.MOODY'S SAYS MAINTAIN A STABLE CREDIT OUTLOOK ON SIX LARGEST CHINA BANKS' PERFORMANCE OVER NEXT 12-18 MONTHS.MOODY'S SAYS 2018 RESULTS FOR CHINA'S 6 LARGEST COMMERCIAL BANKS SHOW STRONG CAPITALIZATION, STABLE PROFITABILITY, IMPROVING FUNDING STRUCTURES.MOODY'S, ON CHINA'S LARGEST 6 BANKS, SAYS 2018 ASSET PERFORMANCE CHARACTERIZED BY HIGHER FORMATION RATES OF PROBLEM ASSETS BUT LOWER STOCKS OF ASSETS.  Full Article

Bank Of China Gets Approval From CBIRC On Issuance Of Domestic Preference Shares
Thursday, 4 Apr 2019 

April 4 (Reuters) - Bank Of China Ltd <601988.SS>::GETS APPROVAL FROM CHINA BANKING AND INSURANCE REGULATORY COMMISSION ON ISSUANCE OF DOMESTIC PREFERENCE SHARES.APPROVAL WAS GRANTED TO BANK BY CBIRC TO ISSUE NO MORE THAN 1 BILLION DOMESTIC PREFERENCE SHARES, RAISING NO MORE THAN RMB100 BILLION.  Full Article

Bank Of China Reports 2018 Financial Results
Friday, 29 Mar 2019 

March 29 (Reuters) - Bank Of China Ltd <601988.SS><3988.HK>::SAYS NET INTEREST MARGIN AT 1.90 PERCENT AT END-2018.SAYS 2018 NET PROFIT 180.09 BILLION YUAN ($26.81 billion).SAYS NPL RATIO AT 1.42 PERCENT AT END-2018.SAYS COMMON EQUITY TIER 1 CAPITAL ADEQUACY RATIO AT 11.41 PERCENT AT END-2018.  Full Article

Bank Of China Says Sun Yu Appointed As Deputy Head Of Bank From Feb 3
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Bank Of China Ltd <601988.SS><3988.HK>::SAYS SUN YU APPOINTED AS DEPUTY HEAD OF BANK FROM FEB 3.  Full Article

Bank Of China Announces Completion Of Issuance Of Write-Down Undated Capital Bonds
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Bank Of China Ltd <601988.SS>::ANNOUNCES COMPLETION OF ISSUANCE OF WRITE-DOWN UNDATED CAPITAL BONDS.FUNDS RAISED FROM ISSUANCE OF BONDS WILL BE USED TO REPLENISH BANK'S ADDITIONAL TIER-1 CAPITAL.  Full Article

Bank Of China Approved Appointment Of Sun Yu As Executive Vice President Of Bank
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Bank Of China Ltd <601988.SS>::APPROVED APPOINTMENT OF SUN YU AS EXECUTIVE VICE PRESIDENT OF BANK.APPROVED APPOINTMENT OF LIU JIANDONG AS CHIEF RISK OFFICER.  Full Article

Bank Of China's Chief Risk Officer Pan Yuehan Resigns Due To Change In Job Role
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Bank of China Ltd <601988.SS><3988.HK>::SAYS CHIEF RISK OFFICER PAN YUEHAN RESIGNS DUE TO CHANGE IN JOB ROLE.  Full Article

China Banking And Insurance Regulator Approves Bank Of China's Capital Bonds Issue
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Bank Of China Ltd <3988.HK><601988.SS>::CHINA BANKING AND INSURANCE REGULATOR SAYS IT APPROVES BANK OF CHINA <<<601988.SS>>><<<3988.HK>>> TO ISSUE UP TO 40 BILLION YUAN ($5.91 billion) WORTH OF CAPITAL BONDS.  Full Article

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China's 'mini-Lehman' moment to spur smaller bank consolidation

HONG KONG/BEIJING China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.