Member access

4-Traders Homepage  >  Shares  >  SHANGHAI STOCK EXCHANGE  >  Bank of China Limited    601988   CNE000001N05

BANK OF CHINA LIMITED (601988)

19
End-of-day quote. End-of-day quote SHANGHAI STOCK EXCHANGE - 03/30
4.46 CNY   +3.24%
08:32a SHENGJING BANK : to Raise up to USD244.50 Million in RMB-Denominated..
06:34a BANK OF CHINA : Alert issued on bogus website
06:06a CITIC Limited to Acquire UEL
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Federal Reserve Approves Expansion Of Three Chinese Banks In US

05/09/2012 | 02:46pm US/Eastern
   By Michael R. Crittenden 
   Of  

The Federal Reserve said Wednesday it approved the expansion of the U.S. operations of three of China's largest banks, including the first acquisition of a U.S. bank by a Chinese bank.

The Fed said it had approved applications from the Bank of China Ltd. and Agricultural Bank of China Ltd. to establish new branches. The central bank also approved an application by China's largest bank, Industrial and Commercial Bank of China Ltd., to become a bank holding company through its acquisition of The Bank of East Asia.

The five Fed board members voted unanimously in favor of each of the applications, which come from the first, third and fourth largest banks in China. All of the banks are at least 70% owned by the Chinese government and had at least $1.85 trillion in assets at the end of last year.

-By Michael R. Crittenden, of Dow Jones Newswires; michael.crittenden@dowjones.com; 202-862-9273

React to this article
Latest news on BANK OF CHINA LIMITED
08:32a SHENGJING BANK : to Raise up to USD244.50 Million in RMB-Denominated Bonds Offer..
06:34a BANK OF CHINA : Alert issued on bogus website
06:06a CITIC Limited to Acquire UEL
06:06a Top Five Banks 2014 Profits Up, NPL Ratio Up
03/27DJChina's Big Banks Double Their Write-offs--Update
03/27 BANK OF CHINA : Yuan backed on Silk Road
03/27 BANK OF CHINA : targets foreign expansion
03/27 BANK OF CHINA : posts slower profit growth amid rising bad loans
03/27 BANK OF CHINA : Chinese banks admit bad loans in the closet
03/26 BANK OF CHINA : posts 4.8% Q1 profit gain as bad loan levels rise
Advertisement
Chart
Duration : Period :
Bank of China Limited Technical Analysis Chart | 601988 | CNE000001N05 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF