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Bank of Communications Co., Ltd. (BKFCF)

0.9000

0.0000

(0.00%)

At close: June 12 at 8:00:00 PM EDT

HSBC Braces for $1.6 Billion Hit in China Shakeup -- But Investors Are Getting a $3 Billion Surprise

A heavy blow from China's banking rescue, but HSBC fights back with stronger profits and a massive buyback.

GuruFocus.com last month

BCMXY

HSBC
HSBC sees up to $1.6 billion in loss on China bank stake reduction

HONG KONG (Reuters) -HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the Chinese bank's fundraising by private placement of shares. Four of China's largest state-owned banks, including BOCOM, said in March they plan to raise a combined 520 billion yuan($71.5 billion) from investors, including the finance ministry, after Beijing pledged to help them support the economy. The fundraising announcement came after Chinese policymakers pledged to recapitalise major state banks to boost their ability to bolster the real economy.

Reuters last month

BCMXY
China beefs up its biggest banks to boost the economy

Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after Beijing pledged to help them support the economy.

CNN Business 2 months ago

BCMXY
Dividend Stocks To Consider In February 2025

As global markets navigate geopolitical tensions and concerns over consumer spending, investors are closely monitoring the impact of these factors on economic indicators and stock performance. Amidst this backdrop, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those looking to balance risk while benefiting from regular payouts.

Simply Wall St. 3 months ago

3328.HK
Top Dividend Stocks To Consider In January 2025

As global markets show signs of optimism with cooling inflation and robust bank earnings propelling stocks higher, investors are increasingly turning their attention to dividend stocks as a potential source of steady income. In this environment, identifying strong dividend-paying companies can be particularly appealing, offering the dual benefits of income generation and potential capital appreciation amidst market fluctuations.

Simply Wall St. 4 months ago

3328.HK

TTR1.DE
December 2024's Top Dividend Stocks To Consider

As global markets navigate a landscape marked by record highs in major U.S. indexes and mixed performance across sectors, investors are closely watching economic indicators and central bank policies for cues on future trends. Amidst these dynamics, dividend stocks continue to attract attention for their potential to provide steady income streams, making them an appealing consideration in today's market environment.

Simply Wall St. 6 months ago

3328.HK

RXEEY

RXLSF
China's big banks post Q3 profit gains, squeeze on net interest margins

China's largest lenders posted increases in their third-quarter profits on Wednesday, mostly on reduced provisions, with slimmer net interest margins for some. The frontrunner was Agricultural Bank of China Ltd (AgBank), which reported a 5.88% rise in third-quarter net profit. AgBank, Industrial and Commercial Bank of China Ltd (ICBC) and China Construction Bank Corp (CCB) all posted sluggish growth or a drop in pre-provisions operating income, indicating the banks reduced provisions to boost net profit growth.

Reuters 7 months ago

BCMXY
Top SEHK Dividend Stocks To Watch In October 2024

In October 2024, the Hong Kong market has experienced significant volatility, with the Hang Seng Index seeing a notable decline amid concerns over China's economic stimulus measures. As investors navigate these uncertain times, dividend stocks on the Stock Exchange of Hong Kong (SEHK) present an attractive option for those seeking steady income streams and potential stability in their portfolios.

Simply Wall St. 7 months ago

CHHQF

CHHQY

CRBJF
Top SEHK Dividend Stocks To Watch In September 2024

As global markets react to interest rate cuts and economic data, the Hong Kong market has shown resilience amidst a backdrop of fluctuating inflation and trade dynamics. With this in mind, investors may find dividend stocks particularly appealing for their potential to provide steady income regardless of market volatility. A good dividend stock often combines strong fundamentals with a consistent payout history, making it an attractive option for those seeking stability in uncertain times.

Simply Wall St. 8 months ago

ZHSHF

ZSHGY

3988.HK
China's state-owned banks face thinner margins amid Beijing's call to support economy

China's largest state-owned banks are expected to struggle with thinner margins later this year and into 2025, according to analysts, after these lenders this week reported profit declines amid Beijing's call to extend a lifeline to the troubled property sector and support the economy. The Industrial and Commercial Bank of China, the world's biggest bank by assets, on Friday reported a net profit of 170.5 billion yuan (US$24 billion) for the six months ended June 30, down 1.8 per cent compared w

South China Morning Post 9 months ago

BCMXY
China's top banks post lower second quarter profit as property sector weighs

Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and struggling property sector. China since last year has rolled out a string of property stimulus measures and cut benchmark lending rates and mortgage rates to boost growth in the world's second-largest economy. Industrial and Commercial Bank of China Ltd (ICBC), the world's largest lender by assets, and China Construction Bank Corp (CCB) reported a 0.8% drop and 1.4% fall in second-quarter net profit respectively on Friday.

Reuters 9 months ago

BCMXY
SEHK Dividend Stocks Spotlight China Shenhua Energy And Two More

As global markets navigate through volatility and economic uncertainties, the Hong Kong market has shown resilience with the Hang Seng Index posting a modest gain. In this environment, dividend stocks can offer a stable income stream, making them an attractive option for investors seeking reliability amidst market fluctuations. When selecting dividend stocks, it's crucial to consider companies with strong fundamentals and consistent payout histories. This article will spotlight three such...

Simply Wall St. 9 months ago

1263.HK

CSUAY

CUAEF
China's US$1.3 billion of 'dim sum' bond sale overbought as appetite grows for yuan debt

The Chinese government's fourth sale of yuan-denominated sovereign bonds in Hong Kong this year was vastly overbought, as investors rushed to take advantage of the yield gap with the mainland through a transborder investment channel with the city. The 9 billion yuan (US$1.3 billion) tranche of bonds, offered with tenures of two years, three years and 10 years, attracted 30.4 billion yuan of bids from investors, according to the Hong Kong branch of Bank of Communications (Bocom), the sole agent o

South China Morning Post 9 months ago

BCMXY
Cathay Pacific Airways Leads Three SEHK Dividend Stocks To Consider

Amidst a backdrop of global economic shifts and market recalibrations, the Hong Kong stock market remains a focal point for investors seeking stable returns through dividend-paying stocks. In this environment, understanding the characteristics that define resilient and potentially lucrative investments becomes crucial, especially in sectors like aviation where companies like Cathay Pacific Airways are prominent.

Simply Wall St. 10 months ago

3328.HK

CPCAF

CPCAY
Unveiling Three Hong Kong Dividend Stocks With Yields Up To 7.6%

Amidst a fluctuating global economic landscape, Hong Kong's market has shown resilience, reflecting broader trends seen in major indices worldwide. As investors navigate these conditions, dividend stocks remain appealing for their potential to offer steady income streams and relative stability.

Simply Wall St. 11 months ago

LNVGF

LNVGY

3328.HK

Performance Overview

Return	BKFCF	000001.SS (000001.SS)
YTD	+17.65%	+0.75%
1-Year	+41.46%	+11.49%
3-Year	+82.87%	+3.73%

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Bank of Communications Co., Ltd. (BKFCF)

HSBC Braces for $1.6 Billion Hit in China Shakeup -- But Investors Are Getting a $3 Billion Surprise

HSBC sees up to $1.6 billion in loss on China bank stake reduction

China beefs up its biggest banks to boost the economy

Dividend Stocks To Consider In February 2025

Top Dividend Stocks To Consider In January 2025

December 2024's Top Dividend Stocks To Consider

China's big banks post Q3 profit gains, squeeze on net interest margins

Top SEHK Dividend Stocks To Watch In October 2024

Top SEHK Dividend Stocks To Watch In September 2024

China's state-owned banks face thinner margins amid Beijing's call to support economy

China's top banks post lower second quarter profit as property sector weighs

SEHK Dividend Stocks Spotlight China Shenhua Energy And Two More

China's US$1.3 billion of 'dim sum' bond sale overbought as appetite grows for yuan debt

Cathay Pacific Airways Leads Three SEHK Dividend Stocks To Consider

Unveiling Three Hong Kong Dividend Stocks With Yields Up To 7.6%

Performance Overview