bank of china-unspn adr (BACHY) Key Developments
Bank of China Opens Renminbi Hub in Budapest
Oct 2 15
The Bank of China opened a renminbi clearing centre in Budapest on October 2, 2015. The National Bank of Hungary signed a memorandum of understanding with the Bank of China on the establishment of the renminbi clearing centre in June. Such renminbi hubs provide clearing and settlement infrastructure necessary for transactions carried out in renminbi outside of China.
Bank of China Limited Plans to Expand Presence in Turkey
Sep 21 15
Bank of China Limited announced that it is planning to expand its presence in Turkey. The bank's plans for expansion comes after Industrial and Commercial Bank of China (ICBC) acquired a majority stake in Tekstilbank earlier this year. With the stake acquisition, ICBC has become the first Chinese bank to have operations in Turkey.
Bank of China Limited Appoints Mr. Li Jucai as Non-Executive Director, Member of the Strategic Development Committee and Member of the Audit Committee of the Board of Directors
Sep 10 15
Bank of China Limited elected Mr. Li Jucai as Non-executive Director of the Bank. China Banking Regulatory Commission has approved the qualification
of Mr. Li Jucai as Director of the Bank. Mr. Li Jucai has been appointed as Non-executive Director of the Bank, member of the Strategic
Development Committee and member of the Audit Committee of the Board of Directors of the Bank with effect from 7 September 2015. Mr. Li Jucai is appointed as Non-executive Director of the Bank with a term of three years, which will end on the date of the Bank's Annual General Meeting held in 2018. Mr. Li has served as Party Committee Member and Secretary of Party Discipline Committee of the Information Network Center under the Ministry of Finance since December 2014. He acted as the specialized Deputy Secretary of Party Committee of the Information Network Center under the Ministry of Finance from April 2010 to December 2014.
Bank of China Reportedly Seeks To Acquire Stake In AMMB Holdings
Sep 7 15
Chinese financial firm Bank of China Limited (SEHK:3988) is eyeing a stake in Malaysia's lender AMMB Holdings Berhad (KLSE:AMBANK), The Star reported.
Bank of China UB Presents at Frontier's 9th Annual Conference- Invest Mongolia, Sep-09-2015 02:25 AM
Sep 3 15
Bank of China UB Presents at Frontier's 9th Annual Conference- Invest Mongolia, Sep-09-2015 02:25 AM. Venue: Shangri-La hotel, Ulaanbaatar, Mongolia. Speakers: Stephen Luo, Head of Corporate Banking Department.