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Bank of Communications Co Ltd

Bank of Communications Co., Ltd. (the Bank) is engaged in banking and related financial services. The Bank business is divided into four business segments: retail banking, corporate banking, treasury and others. Corporate banking comprises corporate loans, bills, trade finance, corporate deposits and remittance. Retail banking mainly comprises retail loans, retail deposits, credit card and remittance. Treasury comprises money market placements and takings, investment in securities, and securities sold subject to linked repurchase agreements (repos). As of December 31, 2007, there were100 domestic branches, including 29 provincial branches, seven branches directly managed by Head Office, 64 provincial sub-branches and 2,610 outlets in 156 major cities in mainland China. The Bank acquired BOCOM International Trust in September 2007. On September 29, 2007, the Group acquired 85% interest of Hubei International Trust Investment Ltd, Co.

  

News

Asian Activities Report for November 29, 2011: Bank of Communications (SHA:601328) Opens Sydney Branch

🕔11/29/2011 12:30:03 PM 9028

Asian Activities Report for November 29, 2011 includes: The Bank of Communications Co., Ltd. (SHA:601328) (HKG:3328), a leading commercial bank in China, has officially opened its first branch in Sydney, Australia; Trend Micro, Inc. (TYO:4704) and the International Cyber Security Protection Alliance ("ICSPA") will establish a "global cyber nation" in Washington D.C. today to coordinate the international fight against cybercrime; Arc Exploration Limited (ASX:ARX) has commenced exploration field work at its Bima Project in Indonesia; WCP Resources Limited (ASX:WCP) has received encouraging rock chip assays at the its 100%-owned Yalgoo gold project.

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Asian Markets Overview of March 31, 2010: Bridgestone (TYO:5108) Plans a Y50 billion Plant in India

🕔3/31/2010 1:30:32 PM 15351

Wall Street Tuesday posted modest gains following the report on the upbeat consumer confidence and home prices data. Technology stocks were also supported by news that Apple Inc. (NASDAQ:AAPL) was developing a new iPhone. Yesterday Asian markets closed mostly higher. This week investors are also looking to the US nonfarm payroll data and expecting an improving labour market. Japanese stocks broadly gained led by steel makers. Nikkei rose 1 per cent. Hong Kong's Hang Seng Index was up 0.7 per cent while China's Shanghai Composite added 0.2 per cent. South Korea's Kospi increased 0.5 per cent.

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Asian Markets Overview of March 5, 2010

🕔3/5/2010 1:30:53 PM 15751

Friday Asian stocks received a positive lead from Wall Street. US stocks overnight posted a slim gain, supported by better-than-expected retail sales data and analyst upgrades of a batch of blue-chip companies. Yesterday most Asian markets closed lower on renewed worries about China's policy tightening. Hong Kong's Hang Seng Index slid 1.4 per cent, while Shanghai Composite lost 2.4 per cent, with China's banking and property shares dropping sharply. Singapore market was also impacted by China's property bubble concerns, and Straits Times slid 0.5 per cent. Japan's Nikkei 225 was off 1.1 per cent as strong yen hurt exporters.

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Asian Markets Overview of February 24

🕔2/24/2010 1:00:35 PM 12658

Yesterday Asian markets ended mixed. Japan's Nikkei index was 0.5 per cent lower due to profit-taking after the previous day's sharp gains. China's Shanghai Composite lost 0.9 per cent led by financials on concerns over banks' fundraising plans. Hong Kong shares, however, was pushed higher by property sector stocks.

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Australian Market Report of January 29: Losing Streak Ended

🕔1/29/2010 9:30:13 AM 13944

The Australian share market Thursday broke its losing streak. The market was boosted by US President Barack Obama's first State of the Union address to Congress. Mr. Obama said jobs must be the number one priority in 2010 and offered proposals for financial reform, education, health care reform, government spending, national security and more. At the close, the benchmark S&P/ASX 200 index rose 28.7 points, or 0.62 per cent, to 4673.3, while the broader All Ordinaries lifted 0.59 per cent to 4697.7.

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Asian Markets Overview of December 14

🕔12/14/2009 1:30:36 PM 11944

Asian shares mostly opened flat this morning. Wall Street closed higher on Friday after the reports of consumer sector lifted investor confidence. The data also fuelled the expectations the US interest rates could hike soon. British and European shares also gained at after strong Chinese growth data.

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Asian Markets Overview of March 19

🕔3/19/2009 3:00:12 PM 14986

Most Asian share markets soared at opening bell following the upbeat sentiment on Wall Street overnight. Japan's Nikkei average and South Korea's Kospi opened higher this morning, but soon gave up their early gains. Tokyo stocks slid to below 8000 points level, as exporters were hurt by stronger yen.

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Asian Markets Overview of February 9

🕔2/9/2009 3:00:24 PM 13720

Asian shares are set to gain on Monday after a rally on Wall Street last Friday. Japan's Nikkei average is also expected to be buoyed by exporters on a weaker yen. Asian shares rallied across the region Friday with shipping stocks leading for another day and miners rising on hopes that demand for commodities might be picking up. The Shanghai Composite Index rallied 4%, delivering its best performance of the week while China-related shares also lifted the market in Hong Kong.

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