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BOC Serbia starts RMB clearing business
The Bank of China (BOC) Serbia, the authorized clearing bank for renminbi (RMB) business in Serbia, conducted its first cross-border RMB remittance business on Monday.
June04,2024
"Big Four" banks in full drive to build China into a financial powerhouse
China's "Big Four" commercial banks, who are among the world's largest lenders, are stepping up efforts to better support the national economy while enhancing risk management amid the country's efforts to build itself into a financial powerhouse.
December08,2023
Bank of China reports rise in cross-border renminbi settlements
The Bank of China (BOC) said Thursday it has actively expanded cross-border renminbi products and services since the start of the year, and handled 22.59 trillion yuan (about 3.15 trillion U.S. dollars) of cross-border renminbi settlements in the first eight months.
October13,2023
Bank of China opens branch in Saudi capital
The Bank of China (BOC) opened its branch in Saudi Arabia's capital Riyadh on Tuesday to expand its financial service network in the Arab country.
September07,2023
Bank of China assists AIIB's panda bond issuance
The Bank of China (BOC) has assisted the Asian Infrastructure Investment Bank (AIIB) in successfully issuing 2.5 billion yuan (about 349.33 million U.S. dollars) of sustainable development panda bonds with a five-year maturity and a coupon rate of 2.7 percent, the BOC said Wednesday.
June14,2023
Bank of China net profit up 5.02 pct in 2022
Bank of China (BOC), one of the country's four big state-owned lenders, saw its net profit increase by 5.02 percent year on year in 2022.
April03,2023
Bank of China to set up branch in Macao
The Bank of China (BOC) announced on Monday that it will establish a branch in Macao and has already received the approval from the China Banking and Insurance Regulatory Commission (CBIRC) and the Macao government, reported by Beijing Business Today.
August24,2021
BOC conducts 1st B/L financing for Chang’an China-Europe freight train
Bank of China (BOC) Shaanxi branch on Tuesday conducts its first financing business of through bill of lading (through B/L) for Chang’an China-Europe freight train, marking BOC’s first credit loan for railway bill.
August19,2021
Global economy to recover faster in H2: report
The global economy is likely to recover at a faster pace in the second half of this year, according to a report by the Bank of China (BOC).
July12,2021
Bank of China fined over crude oil futures product
China's banking regulator said Saturday it has made administrative punishment decisions and taken regulatory measures following an investigation into a risk incident related to a crude oil futures product sold by the Bank of China (BOC).
December07,2020
Bank of China sees net profit down 11.51 pct in H1
The Bank of China, one of the country's big four state-owned lenders, said its net profits plunged 11.51 percent year on year in the first half of 2020 (H1).
August31,2020
Bank of China reports 3.2 pct rise in Q1 net profit
The Bank of China (BOC), one of the country's big four state-owned lenders, said its net profits climbed 3.2 percent year on year in the first quarter (Q1) of 2020.
May06,2020
Renminbi takes strides with stronger global presence
China's renminbi, or the yuan, registered further internationalization and broader use abroad in 2019, with its role in facilitating global trade enhanced, according to the Bank of China (BOC).
April13,2020
Bank of China reports steady profit growth in 2019
The Bank of China (BOC), one of the country's four biggest lenders, reported higher net profit and earnings in 2019.
March30,2020
BOC issues RMB500 mln NCD to strengthen financial services for epidemic control
Bank of China (BOC), one of China's four biggest lenders, floated 500 million yuan worth of 3-month negotiable certificates of deposit (NCD) on Thursday to ramp up financial service for epidemic control, the Xinhua-run China Securities Journal reported on Thursday.
February21,2020
BOC inks framework pact with NDRC to jointly promote construction of Greater Bay Area
Bank of China (BOC), one of China's four lender giants, signed a framework agreement with China's top economic planner the National Development and Reform Commission (NDRC) on jointly advancing construction of the Guangdong-Hong Kong-Macao Greater Bay Area on December 20.
December23,2019
China's growth forecast at 6.1 pct for 2020: report
The annual growth rate of China's economy is projected at 6.1 percent, according to a report by the Bank of China (BOC).
December02,2019
Bank of China issues 30 bln yuan of tier-2 capital bonds
The Bank of China (BOC), one of China's four biggest lenders, has issued its second batch of tier-2 capital bonds totaling 30 billion yuan (about 4.27 billion U.S. dollars) to enrich its tier-2 capital.
November25,2019
Bank of China to set up branch in Athens
The Bank of China (BOC), one of China's four biggest lenders, has received approval from the Bank of Greece, the country's central bank, to set up a branch in Athens, the capital of Greece.
November13,2019
BOC to hold RMB internationalization forum during second CIIE
Bank of China (BOC), one of the country's big four state-owned lenders, is scheduled to hold a forum on the internationalization of the Chinese currency renminbi (RMB) during the upcoming second China International Import Expo (CIIE).
October28,2019
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