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 - 01/28
4.55 CNY   -1.73%
01/27 BARCLAYS : Targets Chinese Investors to Grow Income
01/26DJCorrection to BOC Aviation Buying CFM Engines Article on Monday
01/26 BARCLAYS BANK O : Taps Into Growing Chinese Investments in Kenya
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
04:00p AIRBUS : BOC Aviation signs for CFM engines
01/27 BANK OF CHINA : Yuan suffers biggest loss since 2008
01/27 BARCLAYS : Targets Chinese Investors to Grow Income
01/27 Foreign high-tech vendors may face stricter controls
01/27 BANK OF CHINA : Yuan slides in response to dollar, Greek election
01/26DJCorrection to BOC Aviation Buying CFM Engines Article on Monday
01/26 BANK OF CHINA : Yuan slides in response to dollar, Greek election
01/26 BARCLAYS BANK OF KENYA : Taps Into Growing Chinese Investments in Kenya
01/26DJBOC AVIATION : To Order Unspecified Number of Engines From CFM International for..
01/26 BANK OF CHINA : Chinese Yuan Trades Near 8-month Low Against US Dollar
Advertisement
Chart
Duration : Period :
Bank of China Limited Technical Analysis Chart | 601988 | CNE000001N05 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF