Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Bank of China Ltd    601988   CNE000001N05

BANK OF CHINA LTD (601988)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Bank of China Limited : Bank of China London Branch issues RMB-denominated bonds

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/08/2014 | 11:23am CET

On 8th January 2014, Bank of China London Branch will issue RMB-denominated bonds, providing UK and European investors with an additional high quality RMB product.

This issuance of the bonds marks it as the first RMB bond issued in the London market by the UK branch of a Chinese bank, which will be listed on the London Stock Exchange. The funds raised from the deal will all be retained in London to support the further development of the London offshore RMB market as well as UK-China bilateral trade and investment. Bank of China is the Global Coordinator and HSBC, UBS and Bank of America Merrill Lynch have been appointed as the Joint Lead Managers for this issue.

Founded in 1929, Bank of China London Branch is the largest Chinese bank by assets in the UK with the longest continuously operating history and widest customer base. It is also one of the five founding members of the London Offshore RMB Centre Expert Advisory Group established by the City of London Corporation. By leveraging Bank of China Group's leading position in other major offshore RMB markets, London Branch has introduced a full range of RMB products and services in London as one of the first market movers. Based on the City of London Corporation's survey, Bank of China London Branch is taking a leading role in the London RMB market in RMB international settlement, trade finance, personal deposits and corporate loans.



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF CHINA LTD
06:16aBANK OF CHINA : Chinese bank halts ties with Iranian banks
AQ
11/15BANK OF CHINA : Pakistan, TDAP play key role in enrolling exporters for CIIE
AQ
11/15BANK OF CHINA : EBRD, EU to support small business program in Turkmenistan
AQ
11/15BANK OF CHINA : CPEC will make markets more competitive, says PM Imran
AQ
11/13BANK OF CHINA : EBRD forum in Beijing to promote investment in Central Asia
AQ
11/12BANK OF CHINA : Chinese bank halts ties with Iranian banks
AQ
11/12Private firms get more support
AQ
11/12Private firms get more support
AQ
11/07BANK OF CHINA : Plans to Issue its fifth Green Bond in Offshore Markets
PU
11/06BANK OF CHINA : Prime Minister Viktor Orbán had talks with Chairman of Bank of C..
AQ
More news
News from SeekingAlpha
08/30Bank of China, Ltd. ADR 2018 Q2 - Results - Earnings Call Slides 
08/13BANK OF CHINA TO RAISE FINTECH SPEND : Wsj 
07/12The $42 Trillion Bubble 
05/23Revaluation Of Alaskan Gas Assets 
05/21Likely Winners From The U.S./China Deal - In Alaska 
Financials (CNY)
Sales 2018 507 B
EBIT 2018 290 B
Net income 2018 179 B
Debt 2018 99 714 M
Yield 2018 5,06%
P/E ratio 2018 5,95
P/E ratio 2019 5,53
EV / Sales 2018 2,74x
EV / Sales 2019 2,55x
Capitalization 1 291 B
Chart BANK OF CHINA LTD
Duration : Period :
Bank of China Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANK OF CHINA LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 4,49  CNY
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Si Qing Chen Chairman
Wan Ming Liu Member-Supervisory Board
Zhi Ying Deng Member-Supervisory Board
Xi Xiang Member-Supervisory Board
Zheng Fei Lu Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF CHINA LTD-9.32%186 055
JP MORGAN CHASE & COMPANY2.93%366 028
BANK OF AMERICA-7.83%273 816
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-13.71%267 912
WELLS FARGO-12.94%248 637
CHINA CONSTRUCTION BANK CORPORATION-13.15%224 128