Bank of China Ltd (3988)

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Bank of China Ltd (3988) Profile

Bank Of China Ltd (3988.xhkg) is a state-owned commercial bank founded in 1912 and headquartered in Beijing, China. Bank Of China is the second oldest Chinese bank, and as of 31 December 2019, it was the second-largest lender in China overall and the ninth-largest bank in the world by market capitalization value. In 2020 the Bank Of China became the fifth-largest bank in the world in terms of total assets, ranked after the other three Chinese banks, and JPMorgan Chase. Following layoffs during the pandemic, BOC currently has a workforce of 309.000 people, working in about 11.000 branches around the world. The Bank Of China (3988.xhkg) is traded on the Shanghai Stock Exchange (SSE) as a component of the SSE-50 Index, the Hong Kong Stock Exchange (SEHK) as a component of the Hang Seng Index, with a current market cap of $951.12B (USD). China has longstanding rules that bar banks from offering cryptocurrencies and related services. However, during the past few years, individuals have moved to trade cryptos on over-the-counter platforms and even offshore exchanges. China has called its top banks, including the Bank Of China, for a new crackdown on cryptos and Bitcoin.

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Bank of China Ltd (3988) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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