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Bank of China ( (HK:3988) ) has shared an announcement.
Bank of China’s board met in Beijing on 29 April 2026 and unanimously approved its first-quarter 2026 report and Pillar 3 disclosure, confirming regulatory compliance and transparency in its financial and risk reporting. The meeting was duly convened under Chinese company law and the bank’s articles, with all 16 directors present and senior management attending as non-voting participants.
Directors also cleared dividend payments on the bank’s third and fourth tranches of domestic preference shares, totaling RMB3.4233 billion at rates of 3.48% and 3.27%, respectively, with payouts scheduled for late June and late August 2026. Independent non-executive directors said the distributions comply with law and protect shareholder interests, underscoring continued capital return to preference shareholders.
In addition, the board approved plans for issuing up to RMB350 billion of financial bonds in domestic and overseas markets between July 2026 and June 2027, with proceeds earmarked for general corporate purposes. The move, subject to shareholder approval of the overall limit, signals Bank of China’s intention to actively tap debt markets to support balance sheet growth while excluding capital-replenishing instruments such as tier 2 and additional tier 1 bonds.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
More about Bank of China
Bank of China Limited is a major state-owned commercial bank incorporated in the People’s Republic of China, with its H-shares listed in Hong Kong under stock code 3988. The bank provides a broad range of corporate and retail banking services and raises funding in both domestic and overseas bond markets to support its general business operations.
Average Trading Volume: 212,576,524
Technical Sentiment Signal: Buy
Current Market Cap: HK$1965.1B
For a thorough assessment of 3988 stock, go to TipRanks’ Stock Analysis page.