Send us Feedback

Bank of China (HKG:3988)
Analysis
SUMMARY
BULLS
BEARS
Data
STOCK CHART
QUOTE AND NEWS
HSI Flat as Weak Mainland Shares Weigh
JLM Pacific Epoch  9 hrs ago  Comment 
The Hang Seng Index rose 0.01% to close at 21,093.82 on Thursday, July 29, in main board trading turnover of HK$56.32 billion. The Hang Seng China Enterprises Index declined 0.26%. Banks fell, with China CITIC Bank (0998.HK, 601998.SH) down...
PBoC Withdraws RMB 84b from Market
JLM Pacific Epoch  9 hrs ago  Comment 
The People's Bank of China (PBoC) drained a net of RMB 84 billion from money markets in its regular open market operations this week, licai18.com reported July 29. The central bank sold three-month bills worth a total of RMB 22 billion at the...
AgBank looks set to break IPO record
MarketWatch  Jul 29  Comment 
Agricultural Bank of China Ltd. said Thursday it had exercised the over-allotment option on the Hong Kong portion of its massive initial public offering, taking it a step closer to the world record for IPOs. AgBank has now raised a total of...
AgBank Closer to Breaking I.P.O. Record
New York Times  7 hrs ago  Comment 
AgBank releases H-share overallotment
Reuters  Jul 29  Comment 
The Agricultural Bank of China has released the over-allotment of H-shares associated with its $19.3 billion IPO, the company said on Thursday, a move that shows stong demand for the stock.
China c.bank sees growing downward pressure on economy
Reuters  Jul 28  Comment 
China faces growing downward pressure on economic growth, but there is no need to worry, Zhang Jianhua, the head of the research bureau with the central People's Bank of China, said on Wednesday.
[$] What's Next For AgBank
Wall Street Journal  Jul 28  Comment 
AgBank Executive Vice President Pan Gongsheng discusses the transition of state-owned rural lender to modern banking.
[$] PBOC Is Confident Despite Slower Growth
Wall Street Journal  Jul 27  Comment 
China's central bank struck a confident note, saying the country's current economic slowdown is beneficial for long-term sustainable growth, and there is little risk of a "double-dip" recession.
Repeat of AgBank's Success Won't Be Easy for AIA
Wall Street Journal  Jul 25  Comment 
The biggest driver of the ipo of Agricultural Bank of China and AIA Group is sheer willpower. But while AIA's parent, AIG, is stealing pages from AgBank's playbook, the listing is no slamdunk.




RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
 
TOP CONTRIBUTORS
Director
Jwrichmo
Director
Sean Mahoney

Bank of China Limited (BOC) (SSE:601988, SEHK:3988) is one of the "Big Four" state owned Chinese banks. Though heavily state-owned, the Bank of China should not be confused with the People's Bank of China, the country's central bank.

BOC is China's most international and diversified bank, offering financial services to clients in the Chinese mainland, Hong Kong, Macau, and 29 other countries. Through numerous subsidiaries, Bank of China offers a full range of financial services including commercial and investment banking, insurance, fund management and investment management.

While competitors were left reeling from the financial crisis of 2008, BOC was relatively unaffected, with operating profits falling only 3.3% in 2008 from a year earlier. Operating profits rebounded sharply in 2009, up 27.94% as Bank of China's performance was buoyed by booming economic Growth in the PRC and fiscal stimulus from Beijing. Those same conditions now have many analysts worrying about a credit bubble which might adversely affect the company going forward.


References

Retrieved from "http://www.wikinvest.com/stock/Bank_of_China_(HKG:3988)"
Wikinvest © 2006, 2007, 2008, 2009, 2010. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki