Agricultural Bank of China Ltd. (1288.HK) bought an office building in Hong Kong for HK$4.88 billion (US$629 million) to serve as its regional headquarters, Colliers International, which advised on the purchase, said Tuesday.
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HONG KONG (Reuters) – Bank of China's weaker-than-expected first-quarter earnings sets a muted tone for its three peers that report on Friday, with banks facing growing pressure as more borrowers struggle to repay loans in the face of a slowing economy. The world's second-biggest economy grew at its slowest pace in nearly three years in the first quarter at 8.1 percent after slowing exports and …
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Bank of China Ltd. led Chinese banking shares higher in Hong Kong after their state-backed shareholder allowed the nation’s biggest lenders to cut dividend payouts, shoring up capital while avoiding share sales.
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Financial Secretary John C Tsang has issued a statement confirming that Hong Kong’s government welcomed the promulgation by the Chinese Ministry of Commerce and the People’s Bank of China of administrative rules that will provide transparency and certainty for the making of foreign direct investments in renminbi (RMB).
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BEIJING/HONG KONG (Reuters) – Bank of China , a big market-maker in China’s onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due …
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