Bank of Communications Co Ltd

Type: Company
Name: Bank of Communications Co Ltd (Bank Of Communications Company Limited, Bank of Communications Co. Ltd)
First reported May 24 2013 - Updated May 24 2013 - 1 reports

China-based Taiwan exporters hit hard by rising yuan

Taipei, May 24 (CNA) The Chinese currency, or yuan, has risen 20 percent against the U.S. dollar since 2005, causing a serious impact on Chinese exporters, including export-reliant Taiwanese businesses operating in China which are now shifting their target ... [Published Focus Taiwan - May 24 2013]
First reported May 23 2013 - Updated May 24 2013 - 1 reports

Asia: Nikkei plunges over seven per cent

LONDON (ShareCast) - Japan's Nikkei suffered its biggest one-day drop in two years on Thursday as an unexpected contraction in Chinese manufacturing and fears that the Federal Reserve may wind down its stimulus measures prompted a dramatic sell-off.The ... [Published Sharewatch Global Market - May 23 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

BOCOM keeps Buy rating for Lenovo (00992)

(Infocast News) BOCOM International Holdings Company Limited said in its research report that in the fourth quarter of fiscal 2013, Lenovo Group (00992) reported a set of better-than-expected results. Revenue climbed by 4.5% year-on-year to US$7.8 billion, ... [Published InfocastFN.com - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 2 reports

Debut Dim Sum Debt in Singapore Planned as Yuan Clearing Spreads

May 24 (Bloomberg) -- HSBC Holdings Plc and DBS Group Holdings Ltd. are planning the first-ever sales of yuan- denominated bonds in Singapore as the city competes with Hong Kong and Taiwan as an offshore hub for the currency.HSBC, Europe’s largest bank, ... [Published La Repubblica - May 24 2013]
First reported May 23 2013 - Updated May 23 2013 - 2 reports

Man alters story over insider trading

LI Xuli, former investment director at Bank of Communications Schroders Fund Management Co, pleaded innocent to insider trading during an appeal at Shanghai Higher People's Court yesterday. Li, 40, who was sentenced to four years in prison in November, ... [Published Shanghai Daily - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Great Wall Motor Hit Cruise Control in 2012

(Beijing) – The performance of leading automaker Great Wall Motor Co. Ltd. has stunned investors since early last year.Its share price jumped 103 percent in 2012 on the Shanghai bourse, the largest increase among the publicly held carmakers in the co ... [Published Caixin Online - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Fund manager accused of insider trading

Former fund manager Li Xuli went on trial accused of insider trading at Shanghai Higher People’s Court on Thursday.Li used to be chief investment officer at the Bank of Communications Schroder Fund Management.He was previously given a four-year sentence ... [Published CHINAdaily - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 2 reports

UPDATE 2: Japan stocks slump rapidly, lead Asia losses

Today 1:13 AM ET (MarketWatch)HONG KONG (MarketWatch) -- Asian stocks took a beating Thursday as data showing that Chinese manufacturing activity unexpectedly contracting in May exacerbated early losses recorded on worries the Federal Reserve could downscale ... [Published TD Ameritrade - May 23 2013]
Entities: Hong Kong, PMI, Japan
First reported May 23 2013 - Updated May 23 2013 - 1 reports

China's Contracting Factory Activity and Fed Comments Drag Down Asian Markets

Asian markets outside China were down in early trade, pulled down by news that the US Federal Reserve could decrease its asset buys in the coming months, and by Chinese data that pointed to contracting factory activity in that country. Share article Japan's ... [Published International Business Times UK - May 23 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

BOCOM Wins Innovation Award for Integrated Credit Decision Platform Powered by FICO Solutions

BEIJING, May 22, 2013 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that China's Bank of Communication (BOCOM) received a 2013 IDC Financial Insights Innovation Award for ... [Published Business Technology - May 22 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Bank of Communications appoints Niu Ximing chairman

The Bank of Communications (BOCOM, 03328.HK; 601328.SH), China's fifth largest lender by assets, said on Tuesday that it had appointed Niu Ximing as its new chairman. The appointment is still subject to regulatory approval from the China Banking Regulatory ... [Published Individual.com - May 21 2013]
First reported May 20 2013 - Updated May 21 2013 - 9 reports

Bank of Communications appoints chairman

Bank of Communications appointed 56-year-old Niu Ximing as its new board chairman.In a statement on Monday, the bank said that Niu replaces Hu Huaibang who resigned on April 15. The appointment is subject to the China Banking Regulatory Commission's ... [Published CHINAdaily - May 21 2013]

Quotes

"It remains a problem for Great Wall because its employees cannot hold company stock as motivation," industry analyst Zhong Shi said. "If the company has adequate cash flow and can make a profit, then the compensation packages for its employees should be improved."
At Thursday's trial, Li admitted to giving false statements, which his lawyer said was done at the behest of investigators. "The reason why the records of his accounts were so contradictory was because investigators coerced him into pleading guilty" Zhou said in court
"Slightly firmer hints of possible scaling-back of asset purchases are negative for emerging-market sentiment, as they would limit flows into emerging-market assets and upside for exports" said Crédit Agricole senior economist Dariusz Kowalczyk
"The move in the cash market looks largely driven by the futures market, with Osaka futures getting smashed. What's more, there were monster volumes... Perhaps this is a function of the higher yields and it's something that needs to be addressed for 'Abenomics' to really work" he said

More Content

All (320) | News (263) | Reports (7) | Blogs (14) | Audio/Video (2) | Fact Sheets (31) | Press Releases (2)
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China-based Taiwan exporters hit hard by rising... [Published Focus Taiwan - May 24 2013]
BOCOM keeps Buy rating for Lenovo (00992) [Published InfocastFN.com - May 24 2013]
Debut Dim Sum Debt in Singapore Planned as Yuan... [Published La Repubblica - May 24 2013]
Singapore Dim Sum Debt Planned as Yuan Clearing... [Published Bloomberg - May 24 2013]
Jinzhou holds SME financing matchmaking [Published Noodls - May 24 2013]
Man alters story over insider trading [Published Shanghai Daily - May 23 2013]
Great Wall Motor Hit Cruise Control in 2012 [Published Caixin Online - May 23 2013]
Testimony dropped in ‘rat trading’ case [Published Global Times - May 23 2013]
Fund manager accused of insider trading [Published CHINAdaily - May 23 2013]
Asia: Nikkei plunges over seven per cent [Published Sharewatch Global Market - May 23 2013]
UPDATE 5: Japan's Nikkei dives 7.3% in spectacu... [Published TD Ameritrade - May 23 2013]
UPDATE 4: Japan's Nikkei dives 7.3% in spectacu... [Published TD Ameritrade - May 23 2013]
UPDATE 2: Japan stocks slump rapidly, lead Asia... [Published TD Ameritrade - May 23 2013]
China's Contracting Factory Activity and Fed Co... [Published International Business Times UK - May 23 2013]
UPDATE 1: Asia stocks slide after China data di... [Published TD Ameritrade - May 23 2013]
Davis Polk Advises China Galaxy Securities Co.,... [Published Davis Polk & Wardwell LLP - May 22 2013]
BOCOM Wins Innovation Award for Integrated Cred... [Published Business Technology - May 22 2013]
Shanghai stocks retreat, ending 5 days of gains [Published Shanghai Daily - May 22 2013]
Hong Kong stocks rise after storm-delayed start [Published Great China Brokerage Ltd - May 22 2013]
Hong Kong Stocks Rise to Two-Week High on China... [Published Bloomberg - May 22 2013]
China's trade surplus figures 'over-inflated' [Published CHINAdaily - May 21 2013]
Bank of Communications appoints Niu Ximing chai... [Published Individual.com - May 21 2013]
SADIF Analytics releases new summary due dilige... [Published PR inside - May 21 2013]
Goldman sells its shares in China’s ICBC [Published New Europe - May 21 2013]
Bank of Communications appoints chairman [Published CHINAdaily - May 21 2013]
Shaanxi Yanchang Petroleum to issue RMB 3 billi... [Published Steel Guru - May 21 2013]
UPDATE 3-Goldman exits China's ICBC, 7 years an... [Published Reuters - May 21 2013]
Bank of Communications Appoints President Niu X... [Published Birmingham Star - May 21 2013]
Bank of Communications Appoints President Niu X... [Published FOXBusiness.com - May 21 2013]
BANK OF COMMUNICATIONS CO LTD: Bank of Communic... [Published 4 Traders - May 21 2013]
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Blogs

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Bank of China Resumes Repos to Drain Liquidity [Published OANDA Forex Blog - Mar 07 2013]
To further drain liquidity from the country’s banking sector, China’s central bank on Thursday resumed the issuance of repurchase (repo) agreements, and analysts are interpreting recent small-scale open market operations as signs of a prudent monetary ...
HSBC Sells $7.4 Billion Ping An Stake to Thai B... [Published Infoseekchina - Feb 02 2013]
Source : Bloomberg News By Howard Mustoe HSBC Holdings Plc (HSBA)’s $7.4 billion sale of its stake in Ping An Insurance (Group) Co. (2318) to Thai billionaire Dhanin Chearavanont was cleared by regulators, helping Europe’s largest bank by market ...
Frontrunning: January 30 [Published Zero Hedge - Jan 30 2013]
Boeing misses Q4 top line ($22.3 bn, Exp. $22.33 bn) beats EPS ($1.28, Exp. $1.18), guides lower: 2013 revenue $82-85 bn, Exp. 87.9 bn Hilsenrath discovers DV01: Fed Risks Losses From Bonds  ( WSJ ) Airlines had 787 battery issues before groundings ( ...
Frontrunning: January 23 [Published Zero Hedge - Jan 23 2013]
Doubt Greets Bank of Japan's Easing Shift ( WSJ ) Japan hits back at currency critics ( FT ) Japan upgrades economic view for first time in eight months ( Australian ) - only to lower them in a few months again GOP critics get opportunity to grill Secretary ...
Fatster’s Roundup [Published Firedoglake - Jan 22 2013]
International Developments ❖ The number keeps rising:  “ At least 48 hostages are now thought to have died in a four-day siege at an Algerian gas plant”.  Update:  “ The death toll from the four-day siege at an Algerian gas plant deep in the Sahara ...
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Audio/Video

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Bright Spots for the Struggling Shipping Market [Published WSJ.com Video - Digits - May 13 2013]
Bright Spots for the Struggling Shipping Market [Published WSJ.com Video - News - May 13 2013]
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Press Releases

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SADIF Analytics releases new summary due dilige... [Published PR inside - May 21 2013]
BOCOM is First Bank in China to Fight Fraud Usi... [Published Financial Services - Jan 28 2013]
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