Another banking giant backed by the People’s Republic of China, PBOC has pushed hard into overseas markets in recent years. International segments accounted for nearly 30% of the bank’s profits in 2017—a figure the bank hopes to eventually increase to 40%. The central government’s geopolitical goals may factor into this strategy: For example, PBOC has issued roughly $100 million in credits since 2015 to countries participating in the government’s Belt and Road Initiative to revive China’s ancient Silk Road trading routes.
Looking for leads, investment insights, or competitive intelligence?
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.