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Bank of China Ltd (3988.HK)

3988.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Boc Hong Kong Holdings updates on transitional services agreement with Nanyang Commercial Bank<2388.HK><3988.HK><601988.SS>
Friday, 27 May 2016 04:55am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk shall provide certain transitional support services to ncb and ncb China at service charges mutually agreed by the parties . Says bochk, ncb and cinda financial will enter into a transitional services agreement on the completion date .  Full Article

Bank of China updates on proposed spin-off of BOC Aviation Ltd<2588.HK><3988.HK><601988.SS>
Wednesday, 25 May 2016 04:24am EDT 

Bank of China Ltd <601988.SS>: Boc aviation is expected to be listed on the main board of the stock exchange on Wednesday, 1 June 2016 . Says deal at the offer price of hk$42.00 per boc aviation share . On 25 may, international underwriting agreement was entered into by, boc aviation, bank, sky splendor, joint global coordinators and underwriters .  Full Article

Bank of China updates on proposed spin-off of BOC Aviation Ltd<3988.HK><601988.SS>
Thursday, 12 May 2016 04:25am EDT 

Bank of China Ltd <601988.SS>: Proposed spin-off and separate listing of BOC Aviation Limited on the main board of the stock exchange of Hong Kong Limited, size of the global offering and offer price, revised post hearing information pack of BOC . If global offering proceeds, offer price of BOC Aviation shares in global offering will be hk$42.00 per BOC Aviation share .  Full Article

Fitch - Surging mortgages fuel credit risks for China banks
Sunday, 8 May 2016 11:51pm EDT 

Fitch On China Banks: Fitch - Surging mortgages fuel credit risks for china banks .Fitch - "Strong growth in new lending to China's residential mortgage sector brings additional credit risks".  Full Article

Bank of China says 2015 dividend payment as 0.175 yuan per share
Wednesday, 30 Mar 2016 08:00pm EDT 

Bank of China Ltd:To pay cash dividend of 1.75 yuan per 10 shares (before tax) to the company's shareholders for 2015.  Full Article

Bank of China announces 2015 second phase preferred stock dividend payment date
Friday, 4 Mar 2016 07:00pm EST 

Bank of China Ltd:Says it will pay preferred stock cash dividend of 5.5 yuan per share (before tax) to shareholders of record on March 11.The company's shares will be traded ex-dividend on March 11 and the dividend will be paid on March 14.  Full Article

Bank of China Aviation orders 30 Airbus A320 family aircraft‍​
Thursday, 7 Jan 2016 02:25am EST 

Airbus Group NV:Says BOC Aviation, the Singapore-based global aircraft leasing company owned by Bank of China, has announced an order for an additional 30 A320 Family aircraft.Order comprises 18 A320neo Family aircraft and 12 A320ceo Family aircraft.  Full Article

Bank of China Ltd faces daily contempt fines in U.S.-court ruling - Reuters
Tuesday, 1 Dec 2015 03:31pm EST 

Bank of China Ltd:A U.S. judge will impose a daily fine of $50,000 against Bank of China Ltd starting next week after holding it in contempt for refusing to turn over account information on Chinese customers accused of selling counterfeit luxury goods - RTRS.In a decision made public on Tuesday, U.S. District Judge Richard Sullivan in Manhattan said the "coercive fine" will be imposed starting on Dec. 8 unless the state-run bank complies with subpoena requests for the records - RTRS.Bank of China is appealing the civil contempt order and fine. - RTRS.The records come from Chinese entities that were sued in 2010 by Gucci, Yves Saint Laurent, Bottega Veneta and other units of Paris-based Kering SA for trademark infringement over their sales of knockoff handbags, briefcases and other products. - RTRS.Bank of China, which is not a defendant, said it could not turn over the records without violating Chinese privacy law and that the judge lacked jurisdiction to force compliance - RTRS.Sullivan said, however, the bank's "manifest determination" to ignore the subpoenas and his orders has made it hard for the Kering plaintiffs to pursue their claims against "rampant counterfeiters," and could harm consumers who fall victim. - RTRS."BOC's refusal to comply with U.S. law, while it continues to receive the benefits attendant to its banking activity in the United States, has inflicted a significant harm on plaintiffs and the general public," Sullivan wrote. - RTRS.  Full Article

U.S. judge holds Bank of China Ltd in contempt for withholding records - Reuters
Tuesday, 24 Nov 2015 02:24pm EST 

Bank of China Ltd:A U.S. judge held Bank of China Ltd in contempt on Tuesday for refusing to turn over account information of Chinese entities accused of selling counterfeit luxury goods - RTRS.U.S. District Judge Richard Sullivan in Manhattan, firing off the latest salvo in the battle between China and the United States over financial transparency and national sovereignty, held that the bank must pay a fine for withholding its customers' records - RTRS.Sullivan said he would likely decide on the amount of the penalty by Monday - RTRS.The records sought involve Chinese entities that were sued in 2010 by subsidiaries of luxury goods conglomerate Kering SA PRTP.PA, including Gucci Group, Bottega Veneta and Yves Saint Laurent - RTRS.Bank of China itself is not a defendant in that lawsuit - RTRS.The companies subpoenaed the Bank of China seeking records of the alleged counterfeit sellers' accounts, but the state-owned bank argued that it could not turn over the records without violating Chinese privacy law. The bank also said the New York court had no jurisdiction over it - RTRS.Bank of China's attorney, Laura Hall, said at Tuesday’s hearing that the bank had no choice but to refuse to turn over the records and be held in contempt so that it would have a right to appeal to the 2nd U.S. Circuit Court of Appeals - RTRS.  Full Article

Bank of China announces 2015 preferred stock dividend payment date
Sunday, 15 Nov 2015 07:00pm EST 

Bank of China Ltd:Says it will pay cash dividend of 6 yuan per share (before tax) to shareholders of record on Nov. 20 for 2015.The company's shares will be traded ex-dividend on Nov. 20 and the dividend will be paid on Nov. 23.  Full Article

BRIEF-Zhejiang Dahua Technology announces strategy cooperation with The Export-Import of Bank of China

* Says the co entered into strategy cooperation agreement with Zhejiang branch of The Export-Import of Bank of China