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Bank of China
(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 | 889.75B | 531.26B | 518.28B | 488.48B | 503.06B | 450.76B |
| Gross Profit | 610.13B | 531.26B | 518.28B | 584.72B | 604.08B | 450.76B |
| EBITDA | 299.59B | 324.18B | 0.00 | 312.51B | 305.41B | 0.00 |
| Net Income | 239.74B | 237.84B | 231.90B | 226.52B | 216.56B | 192.87B |
Balance Sheet | ||||||
| Total Assets | 37.55T | 35.06T | 32.43T | 28.91T | 26.72T | 24.40T |
| Cash, Cash Equivalents and Short-Term Investments | 3.83T | 5.27T | 4.46T | 4.10T | 3.90T | 3.81T |
| Total Debt | 2.85T | 2.52T | 2.21T | 1.89T | 1.72T | 1.20T |
| Total Liabilities | 34.31T | 32.11T | 29.68T | 26.33T | 24.37T | 22.24T |
| Stockholders Equity | 3.09T | 2.82T | 2.63T | 2.43T | 2.23T | 2.04T |
Cash Flow | ||||||
| Free Cash Flow | 394.50B | 523.73B | 787.30B | -39.08B | 813.09B | 33.41B |
| Operating Cash Flow | 434.05B | 550.97B | 816.45B | -11.34B | 843.26B | 73.03B |
| Investing Cash Flow | -822.18B | -805.99B | -539.43B | -22.24B | -395.56B | -17.07B |
| Financing Cash Flow | 358.70B | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$2.58T | 6.31 | 10.39% | 4.81% | -2.85% | 10.49% | |
75 Outperform | $1.79T | 5.41 | ― | 5.67% | -3.68% | 2.67% | |
72 Outperform | $2.11T | 5.60 | ― | 5.64% | -4.61% | 0.94% | |
72 Outperform | $2.76T | 6.03 | 9.40% | 5.46% | -3.35% | 0.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$612.59B | 5.25 | ― | 6.06% | -4.42% | -2.55% | |
62 Neutral | HK$651.89B | 6.08 | 9.30% | 5.37% | -1.54% | -3.95% |
Bank of China Corporate Events
Bank of China has announced that Chief Risk Officer Ms. Zhao Rong has resigned from her position, effective 6 January 2026, due to a change of job and will not continue to hold any roles within the bank or its subsidiaries. The bank stated that Zhao has no disagreement with the Board and that there are no issues requiring shareholder attention, with the handover process already completed in line with regulatory requirements, suggesting a planned and orderly transition in a key risk management role.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has completed the issuance of RMB50 billion in write-down tier 2 capital bonds in China’s domestic interbank bond market, following shareholder and regulatory approvals for a broader capital instruments program of up to RMB450 billion or foreign-currency equivalent. The issuance, finalized on 24 December 2025, comprises a RMB48 billion fixed-rate 10-year tranche with a 2.22% coupon and an issuer call after five years, and a RMB2 billion floating-rate 10-year tranche with an initial 2.25% coupon and the same mid-term call option, with all proceeds designated to replenish the bank’s tier 2 capital, thereby strengthening its capital adequacy and supporting ongoing regulatory compliance and balance-sheet resilience.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China’s board of directors approved a revised information disclosure policy and updated management rules governing securities transactions by directors and senior management at an on-site meeting held in Beijing and Hong Kong on 19 December 2025. These governance changes are intended to strengthen regulatory compliance, improve transparency and tighten internal controls over insider dealing and market conduct. The board also endorsed a cap on the consolidated amount of routine connected transactions with China CITIC Financial Asset Management and its international arm, following a review and positive opinion from independent directors that these dealings are conducted on fair, arm’s-length terms and do not harm minority shareholders or the bank’s independence. In addition, the board approved the 2024 remuneration distribution plan for executive directors, with the Nomination and Remuneration Committee and independent non-executive directors confirming that the proposal complies with relevant laws and the bank’s articles of association, and agreed to submit it to shareholders for final approval, underscoring continued emphasis on formal oversight of related-party activities and executive pay.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the redemption of its RMB20 billion write-down undated capital bonds, initially issued on December 10, 2020. The redemption, executed on the fifth anniversary of the bond issuance, reflects the bank’s strategic financial management and may impact its capital structure, potentially influencing investor confidence and market dynamics.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced an update to its interim dividend distribution plan for the first half of 2025, declaring a dividend of RMB 1.094 per 10 shares. The dividend will be paid in Hong Kong dollars by default, with a currency option available. The announcement includes details on withholding tax rates applicable to non-resident shareholders, which are set at 10% for both individual and enterprise shareholders, and 20% for Southbound Trading investors. This update reflects the bank’s ongoing commitment to shareholder returns and provides clarity on tax implications for international investors.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited announced the appointment of Mr. Cai Zhao as an Executive Director, effective from December 3, 2025. Mr. Zhao will also serve on the Strategic Development Committee and the Risk Policy Committee of the Board of Directors. His appointment, approved by the National Financial Regulatory Administration, is part of the bank’s strategic leadership development. The bank has clarified that Executive Directors are remunerated based on their management roles rather than directorship, aligning with national policies. This appointment is expected to strengthen the bank’s strategic direction and risk management capabilities.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the composition of its Board of Directors, highlighting the roles and functions of each member. This announcement reflects the bank’s commitment to strong governance and strategic oversight, which is crucial for maintaining its competitive position in the financial industry and ensuring effective management of its operations.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the appointment of Mr. Liu Chenggang as Secretary to the Board of Directors and Company Secretary, effective from December 3, 2025. Despite not meeting certain qualifications under Hong Kong Stock Exchange rules, a waiver has been granted to Mr. Liu, who will be assisted by Ms. Liu Lele as Joint Company Secretary for three years. This strategic appointment is expected to strengthen the bank’s governance and operational framework.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has received approval from the National Financial Regulatory Administration to increase its registered capital by RMB27.8 billion, following the issuance of over 27 billion A Shares to a specified investor. This capital increase, raising the total registered capital to over RMB322 billion, signifies a strategic move to bolster the bank’s financial strength and enhance its operational capabilities, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced an update to its interim dividend distribution plan for the six months ending June 30, 2025. The declared dividend is RMB 1.094 per 10 shares, with payment options available in Hong Kong Dollars. The ex-dividend date is set for December 2, 2025, and the payment date is January 23, 2026. This announcement reflects the bank’s commitment to returning value to its shareholders and may impact its financial positioning and stakeholder relations, particularly concerning tax implications for non-resident shareholders.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited announced the results of its 2025 Fourth Extraordinary General Meeting, where the Interim Profit Distribution Plan for 2025 was approved by shareholders. The meeting saw significant participation, with 83.14% of the total shares with voting rights being represented. This approval reflects strong shareholder support and is expected to positively impact the bank’s financial strategy moving forward.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has successfully completed the issuance of RMB60 billion in tier 2 capital bonds in the domestic interbank bond market. The bonds, with a fixed rate and a term of 10 years, aim to replenish the bank’s tier 2 capital, enhancing its financial stability and capacity to meet regulatory requirements.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited, through its Dubai branch, has announced the issuance of U.S.$500,000,000 Floating Rate Notes due 2028 under its U.S.$40,000,000,000 Medium Term Note Programme. These notes have been admitted to the official list of securities maintained by the Dubai Financial Services Authority and are now trading on NASDAQ Dubai. This move is likely to enhance the bank’s international market presence and provide additional financial resources to support its global operations.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the full redemption of its RMB30 billion write-down undated capital bonds, originally issued on 13 November 2020. This strategic financial move, executed on the fifth anniversary of the bond issuance, reflects the bank’s proactive management of its capital structure, potentially impacting its financial stability and investor relations positively.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has appointed Mr. Woo Chin Wan Raymond as an Independent Non-executive Director, effective from November 7, 2025. Mr. Woo will also serve as Chair and member of the Connected Transactions Control Committee, member of the Audit Committee, and member of the Nomination and Remuneration Committee. His appointment, approved by the National Financial Regulatory Administration, is seen as a strategic move to strengthen the bank’s governance and oversight capabilities.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the composition of its Board of Directors, highlighting the roles and functions of its members. The board includes a mix of executive, non-executive, and independent non-executive directors, with Ge Haijiao serving as Chairman. The announcement also details the membership of six board committees, which are crucial for the bank’s strategic development, risk management, and corporate governance. This structure is likely to enhance the bank’s operational efficiency and strengthen its governance framework, potentially impacting its market positioning and stakeholder confidence positively.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced an updated interim dividend distribution plan for the six months ending June 30, 2025. The interim dividend is set at RMB 1.094 per 10 shares, with shareholders’ approval scheduled for November 27, 2025, and payment to be made on January 23, 2026. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and maintaining a stable financial performance. The dividend will be paid in RMB, with an option for Hong Kong shareholders to receive it in HKD, though the exchange rate is yet to be announced.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the convening of its 2025 Fourth Extraordinary General Meeting (EGM) to be held on November 27, 2025, in Beijing. The primary agenda is to consider and approve the Interim Profit Distribution Plan for 2025, which includes a proposed interim dividend of RMB0.1094 per ordinary share. This decision, pending shareholder approval, reflects the bank’s commitment to returning value to its shareholders and could impact its financial standing and investor relations. Shareholders are invited to vote on the resolution, and the results will be published on the bank’s website.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited, through its London Branch, has issued GBP250 million and CNY1.5 billion notes due in 2028 under its $40 billion Medium Term Note Programme. These notes have been admitted to trading on the International Securities Market of the London Stock Exchange, reflecting the bank’s strategic efforts to strengthen its international market position and diversify its funding sources.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited reported its unaudited financial results for the third quarter ending September 30, 2025, showing a slight increase in operating income and profit compared to the previous year. Despite a significant decrease in net cash flows from operating activities due to increased cash outflows from loans and advances, the bank’s total assets and equity showed growth. These results indicate a stable financial performance, although the decline in cash flow may impact future liquidity management strategies.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has released its 2025 Q3 Pillar 3 Disclosure Report, highlighting key metrics related to risk management and risk-weighted assets. The report provides insights into the bank’s macro-prudential supervision measures, leverage ratio, and liquidity coverage ratio, reflecting its commitment to maintaining robust financial health and regulatory compliance. This disclosure is crucial for stakeholders as it underscores the bank’s financial resilience and strategic focus on risk management, which could impact its industry positioning and stakeholder confidence.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited announced the resignation of Mr. Zhuo Chengwen from his roles as Secretary to the Board of Directors and Company Secretary, effective October 30, 2025, due to a change of job. Mr. Zhuo will continue to serve as Chairman of BOC Aviation Limited. The resignation is not expected to impact the bank negatively, as Mr. Zhuo has no disagreements with the board, and the transition has been completed smoothly.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
The Bank of China held a Board of Directors meeting in Beijing on October 28, 2025, where several key resolutions were approved. These included the approval of the 2025 Third Quarter Report, the Q3 Pillar 3 Disclosure Report, and routine connected transactions. Additionally, revisions to the Audit Committee’s procedural rules and adjustments to the Special Committees’ membership were made. Notably, Mr. Liu Chenggang was appointed as Secretary to the Board of Directors and Company Secretary, pending qualification approval by the National Financial Regulatory Administration. These decisions are expected to enhance the bank’s governance and operational efficiency.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the appointment of Mr. Liu Chenggang as Executive Vice President, effective from October 24, 2025. This strategic appointment, approved by the National Financial Regulatory Administration, is expected to enhance the bank’s executive leadership and potentially impact its operational efficiency and market positioning.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited has announced the convening of its 2025 Third Quarter Results Presentation, which will take place online on October 29, 2025. The event will allow investors to interact with the bank’s representatives and discuss the bank’s third-quarter performance and operations. Investors can submit questions prior to the event or during the live session, and the bank will address commonly raised concerns. This initiative reflects the bank’s commitment to transparency and investor engagement, potentially impacting its stakeholder relations positively.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
Bank of China Limited announced the results of its 2025 Third Extraordinary General Meeting, where shareholders approved two key resolutions. The first resolution allowed for a special outbound donation limit, while the second involved the election of Mr. Cai Zhao as an Executive Director. These decisions reflect the bank’s strategic priorities and governance structure, potentially impacting its operational flexibility and leadership dynamics.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
The Bank of China Limited has announced that its Board of Directors will approve the unaudited financial results for the third quarter of 2025 on October 28, 2025. This announcement is significant as it provides stakeholders with insights into the bank’s financial health and performance, potentially impacting its market position and investor confidence.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.