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Bank of China
(OTC:3988)
Bank of China (3988) vs. iShares MSCI Hong Kong ETF (EWH)
Bank of China Business Overview & Revenue Model
Bank of China Earnings Call Summary
Bank of China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 633.32B | 629.41B | 518.28B | 617.36B | 604.08B | 565.37B |
| Gross Profit | 633.32B | 629.41B | 621.92B | 617.36B | 604.08B | 565.37B |
| EBITDA | 69.56B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 236.22B | 237.84B | 231.90B | 226.52B | 216.56B | 192.87B |
Balance Sheet | ||||||
| Total Assets | 35.99T | 35.06T | 32.43T | 28.91T | 26.72T | 24.40T |
| Cash, Cash Equivalents and Short-Term Investments | 4.86T | 5.27T | 4.46T | 4.10T | 3.90T | 3.81T |
| Total Debt | 2.39T | 2.52T | 2.21T | 1.89T | 1.72T | 1.55T |
| Total Liabilities | 33.02T | 32.11T | 29.68T | 1.89T | 1.72T | 1.55T |
| Stockholders Equity | 2.83T | 2.82T | 2.63T | 2.43T | 2.23T | 2.04T |
Cash Flow | ||||||
| Free Cash Flow | 477.43B | 523.73B | 787.30B | -39.08B | 813.09B | 33.41B |
| Operating Cash Flow | 507.26B | 550.97B | 816.45B | -11.34B | 843.26B | 73.03B |
| Investing Cash Flow | -1.03T | -805.99B | -539.43B | -22.24B | -395.56B | -17.07B |
| Financing Cash Flow | -110.25B | 111.86B | 119.86B | 53.05B | 74.34B | 126.62B |
Bank of China Technical Analysis
Bank of China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.23T | 6.55 | 10.80% | 4.34% | -0.43% | 11.31% | |
82 Outperform | $2.15T | 5.60 | 10.81% | 11.05% | -3.79% | -0.62% | |
80 Outperform | $730.19B | 5.66 | 11.56% | ― | 0.12% | ||
78 Outperform | $2.76T | 5.76 | 9.72% | 5.25% | -3.41% | -0.73% | |
77 Outperform | $1.68T | 5.39 | 9.57% | 87.96% | 6.59% | -0.89% | |
74 Outperform | $1.30T | 8.73 | 14.86% | 3.92% | -2.77% | 0.10% | |
65 Neutral | kr119.28B | 25.01 | 7.49% | 5.56% | 13.90% | -82.08% |
Bank of China Corporate Events
Bank of China Limited announced the resignation of Mr. Liu Jin from his role as Executive Vice President, effective April 29, 2025, due to a position change. The Board expressed gratitude for his contributions and confirmed there are no disagreements or issues to report to shareholders, indicating a smooth transition and stability within the company’s leadership.
Bank of China Limited reported its unaudited financial results for the first quarter ending March 31, 2025, showing a slight decrease in profit and a significant cash outflow from operating activities. The bank’s operating income increased by 2.41% compared to the same period last year, but profit for the period fell by 2.22%. The net cash outflow of RMB 40.463 billion was mainly due to increased loans and advances to customers, highlighting a potential area of concern for stakeholders.
The Bank of China has released its 2025 Q1 Pillar 3 Disclosure Report, highlighting its risk management strategies, key prudential metrics, and risk-weighted assets. The report provides insights into the bank’s leverage ratio and liquidity coverage, indicating a robust framework for managing financial stability and compliance with regulatory requirements. This disclosure underscores the bank’s commitment to transparency and its strategic positioning to meet both domestic and international financial regulations, which is crucial for stakeholders and investors.
Bank of China Limited held a Board of Directors meeting in Beijing on April 29, 2025, where several key resolutions were approved. These included the approval of the 2025 First Quarter Report, the Q1 Pillar 3 Disclosure Report, and the dividend distribution for Domestic Preference Shares. Additionally, the bank plans to issue financial bonds worth up to RMB350 billion for general purposes, with the issuance plan valid until the next Annual Shareholders’ Meeting. Amendments to the Articles of Association were also approved, reflecting the bank’s compliance with relevant laws and regulations.
Bank of China Limited has announced a proposed final cash dividend for the year ended December 31, 2024, amounting to RMB 1.216 per 10 shares. The dividend will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.075909735, with a payment date set for May 23, 2025. The announcement includes details on the withholding tax rates applicable to different categories of shareholders, emphasizing compliance with Chinese tax regulations. This dividend distribution reflects the bank’s financial performance and commitment to returning value to its shareholders.
The Bank of China Limited announced the results of its 2025 First Extraordinary General Meeting, held on April 16, 2025, at its head office in Beijing. The meeting saw the participation of 3,511 shareholders and proxies, representing 82.88% of the bank’s total voting shares. The resolutions proposed at the meeting were approved by the shareholders, with voting conducted both onsite and online, adhering to relevant regulations. This successful meeting underscores the bank’s commitment to transparent governance and active shareholder engagement.
Bank of China Limited has announced that its Board of Directors will meet to approve the unaudited financial results for the first quarter ending March 31, 2025, and discuss dividend distribution plans for its Preference Shares on April 29, 2025. This announcement is significant as it provides insights into the bank’s financial health and strategic decisions, potentially impacting stakeholders and market perception.
Bank of China Limited has announced the appointment of Ms. Zhang Ran as an Independent Non-executive Director, effective April 3, 2025. Ms. Zhang will also serve on several key committees within the Board of Directors. Her extensive academic and professional background in accounting and finance, along with her previous directorships, positions her as a valuable addition to the bank’s governance structure. This appointment is expected to enhance the bank’s strategic oversight and risk management capabilities, benefiting stakeholders and reinforcing its position in the financial industry.
Bank of China Limited has announced the composition of its Board of Directors, including key roles such as Chairman Ge Haijiao and Vice Chairman Zhang Hui. The board consists of a mix of executive, non-executive, and independent non-executive directors, highlighting the bank’s commitment to diverse governance. The announcement also details the membership of six board committees, which are crucial for strategic development, corporate culture, consumer protection, audit, risk policy, personnel remuneration, and connected transactions control. This structured governance approach is likely to enhance the bank’s operational efficiency and strategic oversight, potentially impacting its market positioning positively.
Bank of China Limited has announced an upcoming Investor Briefing scheduled for March 31, 2025, which will be conducted online via text interaction. The briefing aims to address investor questions regarding the Offering of A-Shares to Specified Investors, with key company representatives, including the Secretary to the Board of Directors, participating to provide insights and answer common investor concerns.
Bank of China Limited has announced a proposed distribution of a final cash dividend for the year ended 31 December 2024, with a declared dividend of RMB 1.216 per 10 shares. The ex-dividend date is set for 22 April 2025, and the payment date is scheduled for 23 May 2025. This announcement reflects the bank’s financial performance and commitment to returning value to its shareholders, potentially impacting its market positioning and investor relations.
Bank of China Limited has announced a proposal to offer new shares, subject to shareholder approval, as part of its strategy for sustained development and capital market adaptation. The bank’s board has been authorized to issue additional A Shares and/or H Shares, up to a maximum of 20% of the existing shares, contingent upon necessary regulatory approvals. This move is expected to enhance the bank’s capital base and support its growth initiatives.
Bank of China Limited has announced the convening of its 2025 First Extraordinary General Meeting (EGM) to be held on April 16, 2025, in Beijing. The meeting will focus on approving a general mandate for the bank to offer new shares, allowing the board to issue additional A Shares and/or H Shares up to 20% of the existing shares. This move is aimed at strengthening the bank’s capital base and enhancing its market position. The resolutions also include the eligibility and plan for offering A-Shares to specified investors, which could potentially impact the bank’s financial strategy and shareholder value.
Bank of China Limited has announced a proposed distribution of a final cash dividend of RMB 1.216 per 10 shares for the financial year ending December 31, 2024. This announcement reflects the bank’s financial performance and its commitment to delivering value to shareholders, although specific dates for shareholder approval, payment, and other related details are yet to be announced.
The Bank of China Limited held a Board of Directors meeting on March 26, 2025, in Beijing, where several key proposals were unanimously approved. These included the 2024 Annual Report, the Pillar 3 Disclosure Report, the Profit Distribution Plan, the Internal Control Assessment Report, and the Management of Connected Transactions Report. The approvals reflect the bank’s compliance with legal and regulatory standards and its commitment to transparency and stakeholder interests.
Bank of China announced its audited results for the year ending December 31, 2024, complying with Hong Kong Listing Rules. The bank continues to strengthen its global positioning by focusing on technology finance, green finance, and digital finance, among other areas, to enhance its global layout capabilities and serve the real economy. This strategic focus is expected to bolster its competitive advantages and contribute to building a strong financial powerhouse.
Bank of China Limited has released its 2024 Pillar 3 Disclosure Report, which provides a comprehensive overview of its risk management strategies, capital composition, and financial statements. The report highlights the bank’s commitment to transparency in regulatory compliance and risk management, detailing its capital adequacy, credit risk, and market risk exposures. This disclosure is crucial for stakeholders to understand the bank’s financial health and risk management practices, ensuring confidence in its stability and operational integrity.
Bank of China Limited has announced the schedule for its 2024 Annual Results Release, which will be conducted via a live webcast on March 26, 2025. The event will provide insights into the bank’s annual performance and operations, with senior management, including President Zhang Hui, addressing common investor concerns. This initiative reflects the bank’s commitment to transparency and engagement with stakeholders, potentially influencing investor confidence and market positioning.
Bank of China Limited has announced that its Board of Directors will meet to approve the audited consolidated financial statements for the year ending December 31, 2024, and to recommend a final dividend distribution on March 26, 2025. This meeting is significant as it will provide insights into the bank’s financial health and strategic direction, potentially impacting stakeholders and the bank’s position in the financial industry.
Bank of China Limited has announced the composition of its Board of Directors, highlighting the roles and functions of its members. The board is chaired by Ge Haijiao, with Zhang Hui serving as Vice Chairman and President. The announcement outlines the structure of six board committees, detailing the membership and leadership roles within each. This organizational update reflects the bank’s commitment to robust governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
Bank of China Limited has appointed Mr. Li Zimin as a Non-executive Director, effective from March 11, 2025, for a three-year term. This strategic appointment, approved by the National Financial Regulatory Administration, is expected to enhance the bank’s governance and strategic development, as Mr. Li will also serve on the Strategic Development Committee of the Board.
Bank of China Limited has completed the redemption of its U.S.$2.82 billion 3.60% non-cumulative perpetual offshore preference shares as of March 4, 2025. Following the redemption, the bank has applied for the withdrawal of these shares from the Hong Kong Stock Exchange, which will be effective after March 5, 2025. This move reflects the bank’s strategic financial management and may have implications for its capital structure and market positioning.
Bank of China Limited has announced the appointment of Mr. Wu Jian as Executive Vice President, effective from February 24, 2025, following approval from the National Financial Regulatory Administration. This strategic appointment is expected to strengthen the bank’s executive team and potentially enhance its operational efficiency and market positioning.