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Bank of China Ltd (3988.HK)

3988.HK on Hong Kong Stock

2.99HKD
1:29pm IST
Change (% chg)

HK$-0.02 (-0.66%)
Prev Close
HK$3.01
Open
HK$3.00
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HK$3.02
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HK$2.99
Volume
147,951,033
Avg. Vol
293,246,185
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HK$3.84
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HK$2.95

Latest Key Developments (Source: Significant Developments)

Bank Of China Obtains Regulatory Approval To Buy back Overseas Preference Shares
Monday, 15 Jul 2019 

July 15 (Reuters) - Bank Of China Ltd <601988.SS><3988.HK>: :SAYS IT PLANS TO BUY BACK $6.5 BILLION WORTH OF OVERSEAS PREFERENCE SHARES BY OCT 23.SAYS IT HAS OBTAINED APPROVAL FROM BANKING AND INSURANCE REGULATOR FOR THE BUYBACK.  Full Article

Bank Of China Says Liu Liange Began To Serve As Chairman As Of 5 July
Friday, 5 Jul 2019 

July 5 (Reuters) - 3988.HK <3988.HK>::LIU LIANGE BEGAN TO SERVE AS CHAIRMAN OF BOARD AS WELL AS CHAIRMAN OF STRATEGIC DEVELOPMENT COMMITTEE OF BOARD AS OF 5 JULY.  Full Article

Bank Of China Says Approval Granted By CBIRC For 200 Mln Offshore Preference Shares Issuance
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Bank Of China <3988.HK>::APPROVAL WAS GRANTED TO BANK BY CBIRC TO ISSUE NO MORE THAN 200 MILLION OFFSHORE PREFERENCE SHARES, RAISING NO MORE THAN RMB20 BILLION.  Full Article

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

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China April bank lending seen moderating, policy support still on track: Reuters poll

BEIJING New bank loans in China likely pulled back in April from strong levels the previous month, but may still outpace the historical trend as the central bank keeps up efforts to support cash-strapped smaller companies, a Reuters poll showed.