16 stories mentioning HKG:3988
Every FINWIRES story that references HKG:3988, newest first.
Chengdu Kanghong Pharmaceutical (SHE:002773) purchased 1.7 billion yuan of structured deposit products from Bank of China (HKG:3988, SHA:601988).The deposit product has a 204-day term expiring Dec. 30, according to a Wednesday bourse filing in Shenzhen.
Chengdu Kanghong Pharmaceutical's (SHE:002773) unit, Chengdu Kanghong Biotech, purchased a wealth management product for 1.70 billion yuan, according to a Shenzhen bourse filing on Wednesday.The wealth management product is a renminbi-denominated structured deposit from Bank of China (SHA:601988, HKG:3988), with a term of 204 days.The product's annualized return is 0.60% if its linked indicator reaches or exceeds the observation level, but the annualized return would be at 1.75% if the linked indicated remains below the observation level throughout the observation period.
Sichuan Biokin Pharmaceutical (SHA:688506) obtained a commitment letter for a 180 million yuan, three-year loan from Bank of China (HKG:3988, SHA:601988) for its share repurchase program, according to a Saturday filing with the Shanghai bourse.The drug company plans to repurchase between 100 million yuan and 200 million yuan of shares at 398 yuan apiece.
A group of lenders is preparing to take control of a Sheraton-branded hotel near Hong Kong's airport after owner Shimao Group Holdings (HKG:0813) defaulted on a HK$4.5 billion ($575 million) loan late last year, Bloomberg News reported Friday, citing people familiar with the matter.The 1,200-plus-room property is at the center of advanced talks to appoint receivers, allowing banks to accelerate a sale and recover funds, the people told the media outlet. Original lenders to the project include HSBC (HKG:0005), Bank of China (Hong Kong) (HKG:3988), and Bank of East Asia (HKG:0023), the report said.Shimao has yet to respond to MTNewswire's query as of press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Dazhong Mining's (SHE:001203) subsidiary, Anhui Jinrisheng Mining, agreed to borrow 250 million yuan from Bank of China's (SHA:601988, HKG:3988) Lu'an branch, according to a Shenzhen bourse filing on Friday.Dazhong Mining serves as the guarantor for the loan.The mining company's available guarantee balance for Jinrisheng Mining reduced to 1.20 billion yuan from 1.45 billion yuan.Dazhong's shares jumped 3% during the midday trade.
S&P Global Ratings has given Bank of China (Macau)'s (HKG:3988, SHA:601988) proposed renminbi-denominated notes an A long-term issue rating, according to a recent release.The Bank of China subsidiary will draw down the notes from the parent's $40 billion medium-term note program.The notes will serve as the issuer's direct, general, unsubordinated, unconditional, and unsecured obligations, S&P said.They will also at all times rank equally with the bank's other senior and unsecured obligations, except those preferred by law, the rating agency said.The notes' rating is equivalent to the parent's long-term issuer credit rating, given that the bank's creditworthiness is equal to that of the subsidiary, S&P said.
Chengdu Kanghong Pharmaceutical (SHE:002773) purchased 200 million yuan of structured deposit products from Bank of China (HKG:3988, SHA:601988), according to a Tuesday filing with the Shenzhen bourse.The wealth management product has a term of 207 days, expiring on Dec. 25, 2026.
Bank of China (SHA:601988, HKG:3988) completed the issue of 40 billion yuan bonds on Thursday, according to a same-day filing with the Hong Kong bourse.The bonds carry a coupon rate of 1.72% and will fall due in four years. The bank will have a conditional redemption right at the end of the third year.The lender will use proceeds to improve its total loss-absorbing capacity.
Bank of China (SHA:601988, HKG:3988) has exercised its right to fully redeem 50 billion yuan of bonds, according to a Wednesday Hong Kong bourse filing.The undated capital bonds, issued in 2021, had a redemption right on their fifth anniversary.
Bank of China (SHA:601988, HKG:3988) issued and listed floating-rate medium-term bonds worth $500 million due 2029 on the Hong Kong Stock Exchange, according to a Monday filing on the Hong Kong bourse.Both the lender's Shanghai and Hong Kong stocks rose less than 2% during the morning trade.The bonds are part of the company's $40 billion medium-term bond program.
Bank of China (SHA:601988, HKG:3988) completed Friday the issue of 30 billion yuan undated capital bonds to replenish its additional tier 1 capital.The bonds carry a coupon rate of 1.95% during the first five years, following which they will be reset every five years and can be redeemed on every distribution payment date, according to a filing with the Hong Kong bourse.
Hong Kong banks are stepping up efforts to clean up a growing pile of bad loans, with special asset bankers increasingly turning to tougher recovery measures such as collateral sales and borrower liquidations, Bloomberg News reported Monday.The city's distressed loan ratio has climbed to a two-decade high as soured debt reached about HK$200 billion, driven largely by losses tied to Hong Kong commercial real estate, the report said.At least six lenders have expanded their special asset or recovery teams, including Bank of East Asia (HKG:0023), United Overseas Bank's (SGX:U11) Hong Kong branch, Bank of China (Hong Kong) (HKG:3988), and Hang Seng Bank, according to people familiar with the matter cited by Bloomberg.The banks are reportedly seeking to accelerate loss recovery and free up capital for fresh lending as broader economic conditions improve.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Bank of China (SHA:601988, HKG:3988) recorded a 4.2% year-over-year increase in attributable profit in the first quarter of 2026 to 56.6 billion yuan from 54.4 billion yuan.Earnings per share was flat at 0.18 yuan, according to a Shanghai Stock Exchange filing on Thursday.Net interest income jumped 7.8% to 116.1 billion yuan from 107.7 billion yuan a year prior.Operating income climbed 8.4% to 178.8 billion yuan.By the end of March, the bank's ratio of non-performing loans shrank to 1.22% from 1.23% at the start of the year. It held a total of 287 billion yuan in non-performing loans.China's fourth-largest bank by assets saw its total assets expand 3.2% in Q1 to 39.6 trillion yuan from 38.4 trillion yuan at the end of 2025.
Bank of China (SHA:601988, HKG:3988) completed the issue of 50 billion yuan bonds in the domestic interbank bond market on Tuesday, according to a same-day Hong Kong bourse filing.The bonds carry a coupon rate of 1.97% and will fall due in 10 years. The lender will have a redemption right at the end of the fifth year.The bank will use proceeds to replenish its tier 2 capital.
Jiangsu Expressway (HKG:0177, SHA:600377) issued ultra-short-term commercial paper worth 700 million yuan, according to a Shanghai bourse filing on Thursday.The bonds have an interest rate of 1.42% and a term of 269 days, maturing Jan. 9, 2027.Bank of China (SHA:601988, HKG:3988) is the lead underwriter of the issuance.
Huadian Energy (SHA:600726, SHA:900937) issued super short-term bonds amounting to 600 million yuan, the company's first tranche for the year, according to a Shanghai bourse filing on Wednesday.The bonds have a coupon rate of 1.53% and a term of 269 days.Bank of China (SHA:601988, HKG:3988) and China Merchants Bank (SHA:600036, HKG:3968) were the joint underwriters of the issuance.The proceeds will be used to pay the company's debt.The Chinese energy company's A shares slumped 6%, while B shares fell less than 2% during the midday trade.