News: Bank of China Ltd (3988.HK)

3988.HK on Hong Kong Stock

4.22HKD
3:59am EDT
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Thu, Jul 23 2015

UPDATE 2-China's Postal Savings Bank quickens pre-IPO stake sale

* Could be largest listing since Alibaba debut (Adds quotes, data)

Postal Bank of China says pumped $11.9 billion into margin lender

BEIJING - The Postal Savings Bank of China, the country's biggest bank by outlets, has injected 74 billion yuan ($11.9 billion) into a state-backed margin lender, part of Beijing's attempts to support the country's volatile markets.

UPDATE 1-Postal Bank of China says pumped $11.9 bln into margin lender

* China banks overall have lent 1.3 trln yuan - local media (Adds background)

Postal Bank of China says pumped $11.9 bln into margin lender

BEIJING, July 23 - The Postal Savings Bank of China, China's biggest bank by outlets, has injected 74 billion yuan ($11.9 billion) into a state-backed Chinese margin lender to support the share market, a domestic news website reported on Thursday.

China's Postal Savings Bank plans to quicken pre-IPO investment

SHANGHAI, July 23 - Postal Savings Bank of China plans to accelerate the speed at which it is raising money from investors ahead of a planned initial public offering (IPO), Xu Xueming, the vice governor of the lender, said at a press conference on Thursday.

Fitch Affirms China's 5 State Banks at 'A'; Upgrades VR of ABC

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, July 10 (Fitch) Fitch Ratings has today affirmed the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of China's five large state-owned commercial banks at 'A' with Stable Outlooks. The Short-Term IDRs were affirmed at 'F1'. At the same time, the Viability Rating (VR) of Agricultural Bank of China was upgraded to 'bb' from 'bb-'. All other ratings of the five large state banks were affirmed. A full list

China names Bank of China as yuan clearing bank in S.Africa

BEIJING, July 8 - China's central bank has appointed the Bank of China, the country's fourth-largest bank, as the bank that clears yuan transactions in South Africa.

Fitch Assigns Final 'A' Rating to Bank of China's MTN Programme Notes

(The following statement was released by the rating agency) HONG KONG, July 01 (Fitch) Fitch Ratings has assigned Bank of China Ltd.'s (BOC) long-term notes issued under its medium-term note (MTN) programme Long-Term Ratings of 'A'. The assignment of the final ratings follows the completion of the bond issuance and receipt of documents conforming to the information previously received. Fitch assigned an expected rating of 'A(EXP)' and an expected National Long-Term Rating of 'AA+(twn)(EXP)

China names Bank of China as yuan clearing bank in Hungary

BEIJING, June 28 - China has appointed state-owned Bank of China as the yuan clearing bank in Hungary, the People's Bank of China said in a statement published on Sunday, in the latest move to expand the offshore yuan market.

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