LIVE Trump Treasury secretary nominee Scott Bessent's confirmation hearing Berlin - Delayed Quote • EUR Bank Of China Ltd (W8V.BE) Follow Compare 0.4824 +0.0138 +(2.94%) As of 8:08:06 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations PBOC Reiterates China Rates, Reserve Ratio to Be Cut ‘At Appropriate Time’ (Bloomberg) -- China’s central bank reiterated its pledge to lower interest rates and the reserve requirement ratio for banks “at an appropriate time” to promote growth, with the economy continuing to face challenges both domestically and globally. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded Outside Queens Ven 3 Dividend Stocks Including Sinofert Holdings To Consider As global markets continue to reach new heights, with major indices like the Dow Jones and S&P 500 hitting record intraday highs, investors are keenly observing the impacts of geopolitical developments and domestic policies on market sentiment. Amidst this backdrop of growth and volatility, dividend stocks offer a compelling option for those seeking steady income streams; they can provide a measure of stability in uncertain times while potentially benefiting from capital appreciation. Bank of China (SEHK:3988) Reports Q3 Earnings with Focus on Digital Growth and Southeast Asia Expansion Bank of China (SEHK:3988) is poised for sustained success with a forecasted annual earnings growth of 5.31% and a robust dividend yield of 6.94%, despite trading significantly below its fair value estimate. However, challenges such as a high net debt to equity ratio and declining profit margins highlight areas for improvement in operational efficiency. In the discussion that follows, we will delve into the bank's strategic initiatives, emerging market opportunities, and the impact of economic... 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. 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. Liu Jin resigns as Bank of China's president for undisclosed 'personal reason' Liu Jin has resigned as the vice-chairman and president of China's largest global bank, in a surprise move five months after his reappointment to the lender's top executive job. Liu resigned for "personal reasons" from Bank of China, effective August 25, the state-owned bank said in a Sunday filing to the stock exchange, without elaborating. The bank's Beijing spokespeople declined to comment. The move came as a surprise as Liu, born in 1967, has yet to reach the official retirement age of 60 ye Bank of China President Liu Jin resigns BEIJING (Reuters) -Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to a filing released by the bank on Sunday. Bank of China (BOC) did not immediately reply to a request for comment. 3 SEHK Dividend Stocks Yielding Over 6% For Your Portfolio The Hong Kong market has shown resilience amid global economic uncertainties, with the Hang Seng Index recently posting a 1.99% gain. As investors navigate these fluctuating conditions, dividend stocks yielding over 6% can offer a reliable income stream and potential portfolio stability. PwC loses major client Bank of China amid regulatory probe Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work on troubled property developer China Evergrande Group. State-owned Bank of China had as recently as March stated plans to reappoint PwC as its auditor for 2024 but in a filing late on Monday said it plans to appoint EY. PwC, once the leading auditing firm in China, declined to comment. Hong Kong signs agreement with People's Bank of China to enhance Faster Payment System The Hong Kong Monetary Authority (HKMA) has signed an agreement with the Chinese central bank to promote cross-border linkages for the Faster Payment System (FPS), creating a framework for facilitating more commerce and people flows on both sides. The announcement came after Friday's meeting between deputy governor of the People's Bank of China (PBOC) Lu Lei and HKMA's deputy CEO Howard Lee, where the two exchanged views on deepening financial cooperation between mainland China and Hong Kong. En Discover Three High-Yielding Dividend Stocks In Hong Kong With Yields Up To 6.7% Amidst a backdrop of fluctuating global markets, the Hong Kong stock market has shown resilience with the Hang Seng Index experiencing an uplift. This environment may pique the interest of investors looking for stable returns, making high-yielding dividend stocks particularly appealing as they offer potential income alongside capital appreciation opportunities. Exploring Ten Pao Group Holdings And Two More Leading Dividend Stocks Amid a backdrop of fluctuating global markets, Hong Kong's Hang Seng Index has shown resilience, gaining 3.11% recently. This positive movement in the market underscores the importance of considering dividend stocks, which can offer investors potential income stability and growth opportunities in varying economic climates. China Construction Bank sees more policy support from Beijing, despite pressure on state-owned lenders to boost profit China Construction Bank (CCB) expects Beijing to introduce more policy support to bolster the economy, even as the nation's major state-owned lenders continue to face pressure to boost profits amid the prospect of benchmark rates decreasing further. "China's economy is showing signs of recovery, but there is room for more policy support, and big banks need to continue to support the real economy," CCB chief financial officer Sheng Liurong said on Tuesday during the bank's latest financial result CCB, BOC and China Everbright among Chinese lenders that have injected billions into 'whitelist' housing projects Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country, according to figures released by the lenders. The initiative, which falls under the so-called whitelist mechanism, is part of Beijing's efforts to revive a weakening property sector that accounts for a quarter of China's gross domestic product. China Construction Bank (CCB), one of the largest state-owned commercial bank Chinese yuan gives US dollar a run for its money as African trade embraces other currencies When you land at the Kenneth Kaunda International Airport in Lusaka, one of the billboards welcoming you to the Zambian capital advertises the services of the Bank of China (BOC). There are not many countries in Africa where the Chinese government-owned financial institution offers fully fledged banking services in renminbi (RMB), the official Chinese currency. Apart from Zambia, BOC has a branch in Johannesburg, South Africa, and it also has a representative office in Kenya's capital, Nairobi. Performance Overview Trailing total returns as of 1/16/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index Return W8V.BE SSE Composite Index YTD +31.05% -5.03% 1-Year +348.22% +12.12% 3-Year +4,692.40% -8.10%