BANK OF CHINA LTD AD Stock News

17th November 2021 (Hong Kong) At about 2pm this afternoon (17th), when a woman was using ATM on the second floor of the Bank of China on the second floor of Sau Mau Ping Shopping Mall, a man behind suddenly snatched 8,000 Hong Kong dollars she had just withdrawn and fled. The female victim

Commentary The U.S. government just gave the Chinese Communist Party (CCP) a victory, and violated international law, by repatriating a former bank manager to China. The repatriation will chill internal resistance in China. On Nov. 14, Chinas anti-graft watchdog announced that Xu Guojun, former president of the Bank of Chinas Kaiping branch, was repatriated to []

A former Bank of China manager suspected of involvement in the embezzlement of nearly $500 million 20 years ago has been repatriated from the U.S. bank to the mainland. Xu Guojun has been repatriated to China, according to a statement from the nation’s anti-corruption watchdog Central Commission for Disciplinary Inspection (CCDI) over the weekend. Xu was the former head of the Kaiping sub-branch of Bank of China in southern Guandong province. $485 Million Embezzled Xu and two other ex-Bank of China managers – Yu Zhendong and Xu Chaofan – formed a trio that was suspected of «embezzling and misappropriating huge amounts of public money», the CCDI said. The latter two were repatriated in 2004 and 2018, respectively, with over 2 billion yuan ($312 million of stolen money recovered thus far. In 2009, Xu Chaofan and Xu Guojun were each sentenced to more than 20 years in jail by a Nevada Court over defrauding Bank of China of $485 million. The two created shell corporations in Hong Kong and funneled money through those companies alongside bank and investment accounts to Canada and the U.

Ahead of the Peoples Bank of Chinas reference rate setting for USD/CNY today Chinese media carry a piece on the yuan. Citing analysts as saying CNY (onshore yuan) is expected to see support from settlement demand and seasonal factors Also that CNY may diverge from the USD index The USD has been strong, a []

Major U.S. cities embrace crypto as federal regulators remain much harder to bring around. As the U.S. federal government acting through its Securities and Exchange Commission continues to valiantly protect investors and the public interest from the grave dangers of a spot Bitcoin exchange-traded fund, one major American city after another begin embracing or at least exploring the potential of crypto and blockchain technology to improve various aspects of city finance, administration and residents monetary well-being. Following the lead of Miami , New York , Tampa and Jackson , Tennessee, it is now Philadelphia that is looking into the ways to implement blockchain solutions in city government. The hope is that a series of city governments successful ventures into the crypto space will eventually make the federal government adopt a more municipal perspective. Below is the concise version of the latest Law Decoded newsletter. For the full breakdown of policy developments over the last week, register for the full newsletter below.

The Peoples Bank of China (PBOC) injected a whopping CNY1 trillion via one-year medium-term lending (MLF) facility on Monday. The Chinese central ban

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3896 vs. the last close of 6.3785. About the fix China maintains stri

BEIJING, Nov. 14 (Xinhua) -- Xu Guojun, a former Bank of China (BOC) manager and a suspect in duty-related crimes, has been repatriated to China, authorities said Sunday. The former head of the Kaiping sub-branch of the BOC in south China''s Guangdong Province, fled to the United States in 2001. The other two former managers involved in this case, Yu Zhendong and Xu Chaofan, were repatriated in 2004 and 20

Authorities and BOC have recovered more than 2 billion yuan ($314 million) of funds from the case involving the three individuals, according to the CCDI statement. The two other former executives, Yu Zhendong and Xu Chaofan, were repatriated to China in 2004 and 2018 respectively.

Bank of China Ltd (BoC), the country's fourth-largest lender by assets, posted a 11.8% increase in first-half net profit on Monday, the biggest jump since 2013 as business activity recovered from the

Apr.29 -- China's biggest banks posted profit gains of below 3% in the first quarter. Policy makers are leaning on the lenders to contain debt growth as the economy powers out of the pandemic.

Mar.29 -- Jason Tan, senior research analyst at CreditSights, discusses the prospects for Chinese banks.  Industrial & Commercial Bank of China Ltd.

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