Bank of China, BoCom see profits rise as shadow banking crackdown drives traditional lenders’ revival

Bank of China (Hong Kong), the lender’s local arm, reported a worse than expected result of HK$28.48 billion (US$3.62 billion) for 2017, up 16 per cent from HK$24.57 billion a year earlier. This is below the estimate of a 27 per cent increase forecast by …
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