Wednesday, July 20, 2011

Golbug100 - Bank of China Limited (03988.HK) at HKD 3.840 (20 June) new holding

taking advantage in the weakness of banking sector due to Greek crisis and like the purchase the same day of HSBC Holdings Limited came from the proceeds of Fubon Bank takeover. Markets have subsequently moved lower due to European and USA debt ratings by Moodys, but long term investors should not be too worried. We feel that and exposure to the Chines banking sector is desirable long term.

20 July 2011
08:59 BST HK$ 3.54 +0.01 up 0.28% - P/E 7.60 

Address

One Fuxingmen Nei DaJie
Xicheng District, BEJ 100818
China
+86-10-66596688 (Phone)
+86-10-66016871 (Fax)

Company website:
http://www.boc.cn
Bank of China Limited is a China-based commercial bank. The Bank operates its businesses through commercial banking, including corporate banking, such as corporate deposits, loans, international settlements and trade financing services, among others, personal banking services, such as personal savings, loans, private banking services and bank card services, as well as financial market services, such as asset management, fund distribution and custody services, as well as management of enterprise annuity fund, among others; investment banking services, including listed financing, financial consulting, securities distribution, research on investment and asset management services; insurance business, including personal insurance, vehicle insurance and marine insurance, among others, as well as investment business.

Bank of China’s Annual Report Won International Awards

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