Bank of China Ltd

Bank of China Ltd on Friday said it would no longer provide financing for new coal mining and coal power projects outside China, as well as in Hong Kong, Macau and Taiwan, from the fourth quarter of this year.

Bank of China (BoC), a top global investor in coal- power plants, must end the financing of such projects outside the mainland and support clean and renewable energy instead, an alliance of 35 non-governmental organisations said on Tuesday.

Bank of China (BoC) , a top global investor in coal power plants, must end the financing of such projects outside China and support clean and renewable energy instead, an alliance of 35 non-governmental organisations said on Tuesday.

Two of China's top bankers on Monday warned of pressure on net interest margins - a key gauge of bank profitability - even after the country's five largest lenders posted robust first-half results.

Bank of China Ltd (BoC), the country's fourth-largest lender by assets, posted a 11.8% increase in first-half net profit on Monday, the biggest jump since 2013 as business activity recovered from the COVID-19 pandemic.

China's commercial banks are likely to post quarterly profit growth of around 3% in the second and third quarter of 2021, Bank of China , the country's fourth largest lender, said in a report on Monday.

Two of China's largest lenders each reported an over 60% rise in net profit for the fourth quarter of 2020 on Tuesday, as margins inched wider.

Bank of China, the country's fourth-largest bank by assets, reported a 69.5% rise in the net profit for the fourth quarter of 2020.

The Brussels-based securities depository Euroclear said on Friday that Bank of China had become the first issuer of a so-called Yulan bond, a new asset class designed to link Chinese issuers with global investors.

China’s central bank will look into and punish illegal personal credit scoring businesses, a central bank official said on Monday, as the government tightens regulation on fintech firms who collect and use personal data in financial services.

China’s central bank will look into and punish illegal unlicensed personal credit scoring businesses, a central bank official said on Monday, as the government tightens regulation on fintech firms who collect and use personal data in financial services.

State-owned Bank of China (BoC) has been fined 50.5 million yuan ($7.73 million) over irregularities in a loss-making product linked to crude oil, the banking regulator said on Saturday.

China's banking sector is likely to show annual profit growth of 2-3% in 2021 after an expected 7% fall this year due to hit of the global pandemic, Bank of China, the country's fourth largest lender, said in a report on Monday.

Two major state-owned Chinese banks warned on Monday that they could restrict trading of precious metals and foreign exchange products if this week's U.S. presidential election fuels market volatility.

Bank of China Ltd (BoC) , the country's fourth-biggest lender by assets, on Sunday posted an 11.5% fall in first-half net profit, the steepest drop for the January-June period since its market debut.

Bank of China (BoC) is considering compensating up to 20% of all investors' original investments in crude oil-linked products, and shouldering all losses recorded in negative territory, two sources told Reuters on Tuesday.

Bank of China (BoC) will try to reach settlements with investors regarding losses on its crude oil investment product, and would resolve remaining disputes through litigation, it said in a statement released on Tuesday.

China's banking and insurance regulator said on Thursday it had asked Bank of China to investigate a problem related to the bank's crude oil products.

Retail investors may have lost more than 9 billion yuan ($1.27 billion) from a structured crude oil product marketed by the Bank of China, financial news outlet Caixin reported on Sunday citing official sources.