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Bank Of China

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

By TONY JIN
Sichuan’s earthquake last week has already lead to almost US$10 billion in direct losses. The Shanghai Securities News looks at the effect of the quake on the local economy

By NATHAN GREEN
Monday's devastating earthquake in southwest China again leads coverage of China in the main newspapers. The China Daily added that the earthquake will further complicate authorities' macroeconomic policymaking at a time when growing yuan lending is already raising fears of further inflation. China's annualized growth in yuan lending dropped slig...

By STAFF EDITOR

By STAFF EDITOR

By NATHAN GREEN
The Wall Street Journal, the Financial Times and the South China Morning Post all led their online China business coverage with the release of April inflation numbers by the National Statistics Bureau. The WSJ relies on an AP feed, while the FT gets its wire news via Reuters. China's consumer price index rose by a near decade-high 8.5% year-on-year in Ap...

By TONY JIN
Chinese shipbuilders are facing a credit crunch following the US sub-prime crisis. Chinese banks do not offer the financing products they require, writes the Shanghai Securities News

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Founded in 1912 straight after the 1911 Revolution, Bank of China is the second largest bank in China. It now has its global presence through its network of over 560 overseas offices in 25 countries and regions. In Hong Kong and Macao, Bank of China is one of the local note issuing banks. Commercial banking includes corporate banking, retail banking and banking with financial institutions composes the major business areas. In 2005, the annual interest income increased 30 percent to 167.35 billion yuan. Net interest income after LLP increased 46 percent to 89.42 billion yuan. Net earnings increased 31% to 27.49 billion yuan. In 2006, Bank of China has listed in both Hong Kong and Shanghai, which becomes the largest domestic IPO in China.

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