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    3988   CNE1000001Z5

BANK OF CHINA LIMITED

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Bank of China : to stop financing new coal mining, power projects overseas from Q4

09/24/2021 | 09:10am EDT

BEIJING (Reuters) - Bank of China Ltd on Friday said it would no longer provide financing for new coal mining and coal power projects outside China, as well as in Hong Kong, Macau and Taiwan, from the fourth quarter of this year.

The announcement from the state-run lender, which excludes projects that have already been signed off on, follows President Xi Jinping's pledge on Tuesday that China would not build any new coal-fired power projects abroad.

(Reporting by Cheng Leng and Tom Daly; Editing by Alex Richardson)


© Reuters 2021
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Financials
Sales 2021 597 B 93 484 M 93 484 M
Net income 2021 198 B 31 070 M 31 070 M
Net Debt 2021 - - -
P/E ratio 2021 3,43x
Yield 2021 9,04%
Capitalization 834 B 130 B 131 B
Capi. / Sales 2021 1,40x
Capi. / Sales 2022 1,30x
Nbr of Employees 305 594
Free-Float 99,3%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 2,26 CNY
Average target price 3,11 CNY
Spread / Average Target 37,4%
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Managers and Directors
Jin Liu Vice Chairman & President
Lian Ge Liu Chairman
Ke Qiu Zhang Chairman-Supervisory Board
Liu Qiuwan Chief Information Officer
Chang Yun Wang Independent Non-Executive Director
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