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SHA:601988

24 stories mentioning SHA:601988Updated 7d ago

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Asia

Bank of China Issues 30 Billion Yuan in Perpetual Bonds

Bank of China (SHA:601988, HKG:3988) issued perpetual capital bonds amounting to 30 billion yuan, according to a Wednesday disclosure on the Hong Kong bourse.The lender's Hong Kong shares rose 2% during Thursday's morning trade.The coupon rate is 1.91% for the first five years and will be reset every five years.The issuer is allowed to redeem the bonds every five years.Proceeds from the issuance will be used to replenish the bank's additional tier 1 capital.

HKG:3988SHA:601988
Asia

Sunlord Electronics' Chairman Pledges Part of Company Stake

Shenzhen Sunlord Electronics' (SHE:002138) chairman, Yuan Jinyu, pledged part of his holdings in the company for personal business operations, according to a Shenzhen bourse filing on Tuesday.A total of 540,000 shares, representing 0.07% of the company's total shares, were pledged to Bank of China (SHA:601988, HKG:3988).Yuan currently owns approximately 5% of the company.The Chinese electronic transformer producer's shares fell 2% at the close.

HKG:3988SHA:601988SHE:002138
Asia

Market Chatter: China's National Audit Office Accuses Bank of China of 2.37 Billion Yuan Tax Evasion

China's National Audit Office accused the Bank of China (SHA:601988, HKG:3988) earlier this week of evading 2.37 billion yuan in taxes by misusing investment fund structures between April 2023 and August 2025, the South China Morning Post reported Thursday.Publicly offered mutual funds in China are usually exempt from corporate income tax.The Bank of China evaded taxes by improperly using tax incentives meant for publicly offered mutual funds, the National Audit Office reportedly said. The bank allegedly channelled investments via two affiliated financial institutions and enlisted several employees as nominal investors to pass off 11 privately offered funds as public funds, according to the report, citing the audit office.The employees contributed between 1 yuan and 100 yuan each, SCMP reported.The Bank of China did not immediately reply to' request for comment.Shares of the bank rose more than 1% in recent trade.(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.)

HKG:3988SHA:601988
Asia

Singapore Airlines Launches 1.5-Billion-Yuan Dim Sum Bonds

Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.Shares of Singapore Airlines rose 1% during morning trading.

HKG:0005HKG:2888HKG:3988SGX:C6LSGX:D05SHA:601988
Asia

Market Chatter: Singapore Airlines Reportedly Picks Banks for Five-Year Bond Sale

Singapore Airlines (SGX:C6L) mandated Bank of China (SHA:601988), DBS, HSBC (HKG:0005) and Standard Chartered (HKG:2888) as arrangers for a five-year bond sale, Reuters reported, citing a document it saw.The airline could launch the offering as early as Tuesday, with the bonds reportedly worth at least 1 billion yuan, according to the Monday report.Singapore Airlines did not immediately respond to a request for comment from.(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.)

HKG:0005HKG:2888SGX:C6LSHA:601988
Asia

Lepu Medical Technology Issues 500 Million Yuan of Three-Year Bonds

Lepu Medical Technology (SHE:300003) issued 500 million yuan in three-year bonds, according to a Tuesday after-market filing with the Shenzhen bourse.The bonds have a 2.2% rate.China Merchants Bank (HKG:3968, SHA:600036) is the bookeeping manager and lead underwriter, while China CITIC Bank (HKG:0998, SHA:601998), Export-Import Bank of China, and Bank of China (HKG:3988, SHA:601988) are the joint lead underwriters.

HKG:0998HKG:3968HKG:3988SHA:600036SHA:601988SHA:601998SHE:300003
Asia

ShenZhen QiangRui Precision Technology, Subsidiary Seek 80 Million Yuan from Two Credit Lines

ShenZhen QiangRui Precision Technology (SHE:301128) and a subsidiary applied for two credit line agreements worth 80 million yuan, according to a Wednesday filing with the Shenzhen bourse.The company recently sought a 30 million-yuan credit line from Bank of China (HKG:3988, SHA:601988) and subsidiary Dongguan Aluminum Technology loaned 50 million yuan from China Merchants Bank (HKG:3968, SHA:600036).

HKG:3968HKG:3988SHA:600036SHA:601988SHE:301128
Asia

Bank of China Issues 50 Billion Yuan of 10-Year Fixed-Rate Bonds

Bank of China (SHA:601988, HKG:3988) issued 50 billion yuan of write-down tier 2 capital bonds, according to a Wednesday filing with the Shanghai bourse.The bonds, which form part of a 450 billion-yuan issuance, are 10-year fixed-rate bonds with a rate of 1.93%, with a redemption option at the end of the fifth year.Proceeds will be used to boost the bank's tier 2 capital.Shares fell 2% in Hong Kong and 1% in Shanghai during afternoon trading on Wednesday.

HKG:3988SHA:601988
Asia

Chengdu Kanghong Pharmaceutical Buys 1.7 Billion Yuan of Structured Deposit Products

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.

HKG:3988SHA:601988SHE:002773
Asia

Kanghong Pharmaceutical Unit Buys Wealth Management Product for 1.70 Billion Yuan

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.

HKG:3988SHA:601988SHE:002773
Asia

Sichuan Biokin Pharmaceutical Secures Commitment for Share Repurchase Loan

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.

HKG:3988SHA:601988SHA:688506
Asia

Dazhong Mining's Subsidiary to Borrow 250 Million Yuan; Shares Up 3%

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.

HKG:3988SHA:601988SHE:001203
Asia

S&P Rates Bank of China (Macau)'s Proposed Renminbi Notes A

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.

HKG:3988SHA:601988
Asia

Chengdu Kanghong Pharmaceutical Purchases 200 Million Yuan of Structured Deposit Products

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.

HKG:3988SHA:601988SHE:002773
Asia

Bank of China Secures Hong Kong Bourse Approval for Two Tranches of Bonds

Bank of China (SHA:601988) secured the approval of the Hong Kong bourse for the listing of two tranches under its $40 billion medium−term note program, according to a Thursday filing with the Shanghai bourse.The issuances include $500 million in floating rate notes due 2031 and 2 billion yuan in 1.65% notes due 2029.Trading is expected to commence on May 29.

SHA:601988TYO:3988
Asia

Bank of China Sells 40 Billion Yuan bonds

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.

HKG:3988SHA:601988
Asia

Bank of China Redeems 50 Billion Yuan in Bonds

Bank of China (SHA:601988) redeemed 50 billion yuan in write-down perpetual capital bonds.The bonds matured at the end of their fifth year on May 19, according to a Wednesday filing with the Shanghai bourse.Shares of the bank rose 2% in recent trade.

SHA:601988
Asia

Bank of China Fully Redeems 50 Billion Yuan Bonds

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.

HKG:3988SHA:601988
Asia

Bank of China Lists $500 Million Bonds on Hong Kong Bourse

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.

HKG:3988SHA:601988
Asia

Bank of China Sells 30 Billion Yuan Bonds

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.

HKG:3988SHA:601988

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