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Bank of China News

23 Jul 2022

DNA: Bank Crisis -- China deploys tanks against its citizen

In China these day, the matter of corruption in 5 banks is intensifying. People's 46 thousand crore rupees are stuck in these banks, after which these people have come out on the streets to withdraw their money. To halt this protest, the Chinese government has deployed tanks on the streets.

13 Jun 2019

PM Modi meets China's Xi Jinping; discusses Pak, Masood Azhar & Bank of China

Prime Minister Modi also invited President Jinping who agreed to visit India by 2019-end.

07 Nov 2017

Bank of China becomes operational in Pakistan, first branch in Karachi

Bank of China inaugurated its first branch in Karachi on Tuesday.

19 Sep 2017

Amid Beijing's push to CPEC, Bank of China begins operations in Pakistan

Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country.

19 Oct 2016

Pakistan-China 'all weather' ties based on shared interests: Nawaz Sharif

Pakistan and China's "all-weather" relationship is based upon shared principles and interests that form the foundation of cooperation in diverse fields, Prime Minister Nawaz Sharif said today.

07 Sep 2016

Thousands lose jobs as China's state-owned banks cut costs

China's biggest state-owned banks retrenched thousands of staff members as the country's banking industry faced its most challenging year amid a slowdown in the world's second biggest economy.

Subramanian Swamy

24 Jun 2016

Subramanian Swamy takes on Arun Jaitley again

In an implicit attack on Finance Minister Arun Jaitley, BJP leader Subramanian Swamy on Friday criticised those "giving me unasked for advice of discipline".

15 Mar 2016

Bank of China gains foothold in Morroco

The commercial bank, one of the largest in China, inaugurated a representative office in the country`s economic capital Casablanca late on Monday.

03 Dec 2015

Bank of China appeals disclosure order in counterfeit case

The Bank of China is appealing a decision by a New York court to fine it USD 50,000 a day for withholding information about counterfeiters' bank accounts in China.

China banking industry

31 Oct 2015

Chinese banks bears brunt of economic slowdown

Bad loans have continued to increase due the economic headwinds.

21 Jun 2015

Italian prosecutors seek to indict Bank of China, 297 people

Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported earlier this month.

07 Jun 2015

Sahara says avoids forced sale of Grosvenor House

"The deal restores Sahara`s ability to renegotiate the loan terms with the new lender, or with third parties," it said.

07 Jun 2015

Sahara clinches $850 mn debt deal for foreign hotels: Report

In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel here and two US properties -- Plaza and Dream Downtown -- in a $850 million debt refinance deal, a local media report said on Sunday.

Sahara Debt-deal

07 Jun 2015

Sahara seals Rs 5,500 cr debt deal for foreign hotels: Report

Saharas' refinancing arrangements involved getting a fresh loan for the three properties. A part of the proceeds would be given to Bank of China for release of Grosvenor House from "administration", while the remainder could be deposited with Sebi to secure release of Roy and two other top officials from Tihar Jail.

28 May 2015

Sahara Group says not bidding for Grosvenor House hotel

With its prized property, Grosvenor House, put on sale by lender Bank of China for a loan 'default', crisis-hit Sahara group Thursday said it is not participating in any re-auctioning of the London hotel.

27 May 2015

Sahara enters fray for its own Grosvenor hotel!

In an interesting turn of events, crisis-hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

25 Mar 2015

Bank of China says 2014 net profit up over 8%

The Bank of China (BOC), the country`s main foreign exchange bank, said Wednesday that its net profit rose more than eight percent last year, helped by expanding overseas business.

08 Feb 2015

Sahara saga: Mirach says 3 hotels can fetch maximum $1.67 billion

As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of USD 1.67 billion (Rs 10,400 crore).

25 Dec 2014

China stocks close up over 3% on financial revival

China stocks closed higher on Thursday as investors waded back into financial shares after selling off for three days.

08 Jul 2014

Bank of China in first yuan bond issue in Paris

Paris wants to become a leader in Europe for trade in China`s tightly controlled currency, also known as the renminbi.

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