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Bank of China Ltd

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  • China stocks rise to 7-year highs on easing hopes Friday, 10 Apr 2015 | 3:20 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.9 percent on Friday, to 4,344.42, bringing this week's gain to 4.2 percent. Among the most active stocks in Shanghai were Bank of China, up 1.8 percent to 4.57 yuan; Agricultural Bank of China, up 1.1 percent to 3.81 yuan and Everbright Bank, up 3.7 percent to 5.34 yuan.

  • After last month's bull run, mainland stocks face tighter liquidity, as well as rising pressure of profit-taking, according to Qi Yifeng, analyst at consultancy CEBM Group Ltd in Shanghai. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent, to 4,295.80, while the Shanghai Composite Index gained 0.9 percent, to 3,994.81...

  • SHANGHAI, April 7- China stocks jumped more than 2 percent to fresh seven-year highs on Tuesday ahead of the quarterly earnings season, as investors brushed aside liquidity concerns after the official Xinhua news agency said an acceleration in initial public offerings would not stop the market's bull run. The CSI300 index of the largest listed companies in...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.1 percent to 4,170.54, while the Shanghai Composite Index gained 1.0 percent to 3,863.93. Among the most active stocks in Shanghai were Bank Of China, up 0.2 percent to 4.37 yuan; Agricultural Bank Of China, up 0.3 percent to 3.66 yuan; and China Shipbuilding, up 1.9 percent to 10.20...

  • China stocks jump to 7-year highs on factory survey Wednesday, 1 Apr 2015 | 3:18 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.8 percent, to 4,123.90 points, while the Shanghai Composite Index gained 1.7 percent, to 3,810.29 points. Among the most active stocks in Shanghai were Bank Of China, up 0.9 percent to 4.42 yuan; Agricultural Bank of China, up 0.5 percent to 3.69 yuan and United Network, up 10.1 percent...

  • SHANGHAI, March 31- China stocks shed early gains and fell on Tuesday, snapping a three-day winning streak as some investors who front-ran Beijing's property easing policies dumped shares to lock in profit. Among the most active stocks in Shanghai were China State Construction, down 3.3 percent to 7.68 yuan; Bank of China, down 1.6 percent to 4.39 yuan and...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.9 percent, to 4,088.18 points, while the Shanghai Composite Index gained 2.6 percent, to 3,786.57 points. Infrastructure-related shares climbed 5.6 percent after Beijing unveiled details of an ambitious plan to improve links from Asia to Europe and Africa.

  • Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.

  • *ICBC, AgBank, BoC, BoCom book 4 Q rise in bad loans. SHANGHAI/ HONG KONG, March 26- Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years. The practice, though common in the West, was mostly unheard of in China just a...

  • MILAN, March 26- Italy's Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets. Saipem, 43 percent owned by Italian oil major Eni, has seen some 10 billion euros wiped off its market value over the past two years after two profit...

  • March 26- Hong Kong shares finished lower on Thursday in line with most Asian markets, which dropped due to tension in the Middle East and losses on Wall Street. But oil giants CNOOC and PetroChina bucked the trend, rising 1.5 percent and 0.9 percent respectively, as oil prices shot up nearly 6 percent after Saudi Arabia and Gulf Arab allies started air strikes...

  • Asian equities were mostly lower on Thursday following a sharp selloff on Wall Street overnight and an escalation of political turmoil in Yemen.

  • BBVA puts rescue plan for India's Sahara in doubt Wednesday, 25 Mar 2015 | 7:51 PM ET

    A rescue plan for India's Sahara was thrown into disarray on Wednesday, when Spanish bank BBVA SA denied offering a credit line to the bank.

  • *BBVA says has not provided credit line, as Sahara said in court. MADRID/ MUMBAI, March 25- A rescue plan for India's Sahara was thrown into disarray on Wednesday, when Spanish bank BBVA SA denied offering a credit line to the bank, scuppering the conglomerate's claims it would use it to help secure bail for its jailed boss. Sahara, once one of the country's most...

  • MADRID, March 25- Spain's BBVA SA denied having any credit exposure to Indian conglomerate Sahara, just days after the group told a court it had a line of credit from the bank to secure bail for its jailed boss. On Monday, India's Supreme Court gave Sahara three more months to raise bail after the company told the court it had received a line of credit worth 900 million...

  • Chinese stock investors gather at a securities firm in Fuyang, in China's Anhui province on January 7, 2015.

    Asian equity markets struggled for direction on Wednesday following an uninspiring lead from Wall Street overnight.

  • LISBON, March 24- Seven institutions, including the euro zone's largest listed bank, Santander, have presented non-binding bids for Portugal's Novo Banco, the successor to Banco Espirito Santo after a state rescue last year. Portuguese authorities hope to sell Novo Banco soon to recover the funds injected last August in the 4.9 billion euro rescue operation...

  • HONG KONG/ SHANGHAI, March 24- Agricultural Bank of China Ltd on Tuesday reported a 4 percent dip in fourth-quarter profit and a spike in bad loans as manufacturers and retailers struggled to repay debt while economic growth slowed. "This year, industry net interest margin will be on a downward trend, first quarter profit is also likely to fall," Chief Financial...

  • HONG KONG/ SHANGHAI, March 24- Agricultural Bank of China Ltd on Tuesday posted weaker-than-expected profit and a rise in bad loans as the country's slowing economic growth hit borrowers in the manufacturing, wholesale and retail sectors in particular. China's third-largest listed lender reported net profit for the fourth quarter of 27 billion yuan,...

  • China stocks claw back losses, rise for 10th session Tuesday, 24 Mar 2015 | 3:20 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended up 0.02 percent at 3,973.05 points, while the Shanghai Composite Index gained 0.1 percent, to 3,691.41 points. Among the most active stocks in Shanghai were Agricultural Bank Of China, up 3.3 percent to 3.74 yuan; Bank Of China, up 0.2 percent to 4.44 yuan and Zijin Mining, up 10.0...