Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  BOC Hong Kong (Holdings) Ltd    2388   HK2388011192

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

BOC Hong Kong (Holdings) Ltd : Bank of China (Hong Kong) designated as Market Maker for USD/ CNH Futures of CME Group

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/29/2013 | 12:57pm CET


29 Jan 2013

Bank of China (Hong Kong) Limited ("BOCHK") today announced that it is designated as a market maker for the USD/ CNH (offshore RMB) futures by the Chicago Mercantile Exchange ("CME") Group, being the sole bank among the first group of market makers.

These physically deliverable contracts will start trading on the CME Globex electronic trading platform on 25 February 2013. The contracts offer nearly 24-hour a day access to investors from anywhere in the world for grasping investment opportunities in the fast-changing CNH market, providing them with greater flexibility to manage their RMB exposure and funding costs.

Mr David Wong See Hong, Deputy Chief Executive of BOCHK, said, "BOCHK has been taking a leading role in the development of the offshore RMB business. We are pleased to be the first bank designated as a market maker for the new USD/ CNH futures and will be committed to providing transparent and competitive markets for these contracts to help facilitate the global usage of RMB funds."

As the leader in the offshore RMB market, BOCHK has taken the lead by launching RMB deliverable forward contract and interest rate swap for investors and institutions to hedge currency and interest rate exposure while effectively managing the related risks. By leveraging the global service network of its parent, Bank of China, BOCHK will continue to expand its RMB product suite through innovation, providing total solutions to investors as well as corporate and personal customers.

-End-

About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK"), established on 1 October 2001, is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 580 ATMs and other distribution channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products and services to personal and corporate customers. BOCHK is one of the three note issuing banks in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 37 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland. BOCHK is appointed by the People's Bank of China as the Clearing Bank for Renminbi business in Hong Kong. On 13 July 2010, BOCHK was authorised as the Clearing Bank of RMB banknotes business for the Taiwan region.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOC HONG KONG (HOLDINGS) L
02/22 FINTECH : BOCHK Today Takes the Lead in Bringing Apple Pay to
02/21 BOC HONG KONG : BOCHK Today Takes the Lead in Bringing Apple Pay to BOC UnionPay..
02/03 BOC HONG KONG : BOCHK-Interest rates remain unchanged
02/02 BOC HONG KONG : Interest rates remain unchanged
01/17 BOC HONG KONG : Bank of China (Hong Kong), China Mobile International andChina M..
01/11 BOC HONG KONG : BOCHK extends business hours of designated branches before Chine..
01/09 BOC HONG KONG : Completion of the acquisition of the share capital of BOC Thaila..
01/06 BOC HONG KONG : Completion of the acquisition of the share capital of BOC Thaila..
01/06 BOC HONG KONG : Completion of Connected Transactions in relation to the Thailand..
01/04 BANK OF CHINA : Moody's downgrades Chiyu Bank's deposit ratings to A2
More news
Sector news : Banks - NEC
03:46p EXCLUSIVE - RBC REVIEWS ASIA WEALTH : sources
02:40pDJROYAL BANK OF CANADA : Posts Revenue, Profit Growth
02:06p Standard Chartered shares fall as it withholds dividend but lifts bonuses
12:15pDJStandard Chartered's Loss Narrows -- Update
10:40a Bonus squeeze as Europe's investment banks feel investor ire
More sector news : Banks - NEC
Advertisement
Financials ( HKD)
Sales 2016 43 946 M
EBIT 2016 29 380 M
Net income 2016 47 662 M
Debt 2016 -
Yield 2016 5,55%
P/E ratio 2016 7,85
P/E ratio 2017 12,37
Capi. / Sales 2016 7,58x
Capi. / Sales 2017 6,84x
Capitalization 333 043 M
More Financials
Chart BOC HONG KONG (HOLDINGS) L
Duration : Period :
BOC Hong Kong (Holdings) L Technical Analysis Chart | 2388 | HK2388011192 | 4-Traders
Full-screen chart
Technical analysis trends BOC HONG KONG (HO...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 32,9  HKD
Spread / Average Target 4,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Yi Yue Vice Chairman & Chief Executive Officer
Guo Li Tian Chairman
Xiangqun Zhong Chief Operating Officer
Yang Sui Chief Financial Officer
Ying Xin Gao Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOC HONG KONG (HOLDING..12.90%42 917
JPMORGAN CHASE & CO.5.53%326 087
WELLS FARGO & CO5.90%293 755
BANK OF AMERICA CORP12.17%247 094
INDUSTRIAL AND COMMRCL..6.58%242 984
CHINA CONSTRUCTION BAN..9.74%208 691
More Results