Bank of China (BACHY)
BACHY Price and Sentiment
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August/September Fortune published the latest 500 "world's largest companies globally in 2020" (based on revenues) and 33 pay dividends. "A pandemic couldn't disrupt the top spot on the Fortune Global 500 for 2020. Mega-retailer, Walmart landed at number one on the list of the world's largest companies," Fortune states.
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 COVID-19 pandemic.
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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