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Bank of China Ltd (3988.HK)

3988.HK on Hong Kong Stock

4.02HKD
22 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Bank of China to set up asset management unit
Friday, 23 Dec 2016 12:55am EST 

Bank of China Ltd <601988.SS>:Says it to invest 10 billion yuan to set up an asset management unit in Beijing.  Full Article

Bank of China Hong Kong to dispose stake in Chiyu Bank for HK$7.69 bln
Thursday, 22 Dec 2016 07:59am EST 

Bank of China Hong Kong: Proposed disposal of interests in Chiyu Bank . Agreement for proposed disposal of total of 2.1 million ordinary shares of Chiyu Bank by BOCHK for a total consideration of HK$7.69 bln . Unit and indirect 66.06 pct owned unit of Bank Of China entered into sale and purchase agreement with unit of Xiamen International Investment (XIL) and Committee of Jimei Schools . Performance bond in amount of not more than HK$350 million will be provided to BOCHK pursuant to terms of sale and purchase agreement . To facilitate a smooth transition, BOCHK, Chiyu Bank and XIL entered into a transitional services agreement on 22 December 22, 2016 .Resultant proceeds from proposed disposal will facilitate development of BOCHK's business in ASEAN region.  Full Article

Bank of China's Q3 net profit at 41.78 bln yuan
Wednesday, 26 Oct 2016 07:30am EDT 

Bank Of China Ltd <601998.SS><3988.HK> : Says net interest margin at 1.85 percent at end-September versus 1.90 percent at end-June . Says NPL ratio at 1.48 percent at end-September versus 1.47 percent at end-June . Says Q3 net profit 41.78 billion yuan ($6.17 billion) .Says 9-month net profit 134.81 billion yuan.  Full Article

Bank of China says Jackson Tai resigned as independent non-executive director<3988.HK><601988.SS>
Thursday, 1 Sep 2016 04:45am EDT 

Bank of China Ltd <601988.SS>: Boc 2014 pref-...more announcement - resignation of independent non-executive director of the bank <3988.HK> . Received the resignation letter from Jackson Tai resigned as independent non-executive director . Says Jackson Tai's resignation shall become effective as of 1 September 2016 .  Full Article

Bank of China official expects asset quality to "face relatively big pressure"
Tuesday, 30 Aug 2016 05:50am EDT 

Bank of China's <601988.SS> Chief Risk Officer, Pan Yuehan, says: the bank expects asset quality to "face relatively big pressure" in foreseeable future (Reporting By Chen Yang and Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

Bank of China reports H1 financial results
Tuesday, 30 Aug 2016 04:46am EDT 

Bank Of China Ltd <3988.HK><601988.SS> : Says H1 net profit 93.04 billion yuan ($13.93 billion) . Says H1 net interest margin at 1.90 percent versus 1.97 percent at end-March . Says NPL ratio at 1.47 percent versus 1.43 percent at end-March .Says H1 common equity tier 1 capital adequacy ratio at 11.05 percent versus 11.10 pct at end-December.  Full Article

Bank of China says Wang Changyun has been appointed as independent non-executive director of co<3988.HK><601988.SS>
Wednesday, 24 Aug 2016 07:46am EDT 

Bank of China Ltd <601988.SS>: Boc 2014 pref-...more announcement - change in independent non-executive directors of the bank <3988.HK> . Says Wang Changyun has been appointed as independent non-executive director . Says China Banking Regulatory Commission has approved qualification of Wang Changyun .  Full Article

Fitch assigns final 'A' ratings to Bank of China's green bonds
Tuesday, 12 Jul 2016 05:12am EDT 

:Fitch assigns final 'A' ratings to Bank Of China's green bonds.  Full Article

BOC Hong Kong enters into acquisition agreements with Bank of China<2388.HK><3988.HK><601988.SS>
Thursday, 30 Jun 2016 04:37am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk has entered into the acquisition agreements with Bank of China . Consideration for the proposed Thailand share acquisition is 14.90 bln baht million . Consideration for the proposed Malaysia share acquisition is 2.03 billion rgt . Agreements in relation to the acquisitions of BOC Thailand and of BOC Malaysia, respectively, as part of the restructuring exercise .  Full Article

Bank of China updates on potential restructuring in ASEAN region<3988.HK><601988.SS>
Thursday, 30 Jun 2016 04:23am EDT 

Bank of China Ltd <601988.SS>: Bank (as seller) and BOCHK (as buyer) entered into sale and purchase agreements . Deal in relation to sale and purchase of the entire issued share capital of Bank of China (Malaysia) Berhad . Says the proposed transfers will further expand the business reach of BOCHK (Holdings) and BOCHK into the asean region . Deals also in relation to sale and purchase of issued share capital of Bank of China (Thai) .  Full Article

More From Around the Web

Bank of China pays 600,000 euros to close Italy money laundering case

FLORENCE, Italy, Feb 17 Bank of China (BOC) on Friday agreed to pay a 600,000 euro fine to settle a money laundering case involving its Milan branch, court documents seen by Reuters showed.