Bank of China is one of the four horsemen constituting China’s state-owned banking monopoly. It is the key lender of the four in China’s ambition to “go out”–code for its often state-owned builders to take their excess supply to markets like Africa. The bank’s network spans 46 countries (including a couple branches in Manhattan). Last year it supported 2,200 overseas projects worth $148 billion. More than a quarter of its loan are derived from outside China.
News about Bank of China
Sharp rises in bad loans at ICBC and others hints at backdrop for big capital raisings.
China's conflicting agenda's clash as banks halt pilot scheme that helped people get round state capital controls.