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Bank of Communications
TOPIC
 / company

Bank of Communications

(交通银行)

Bank of Communications
Bank of Communications
交通银行
Established in 1908, Bank of Communications is one of the largest banks in the People’s Republic of China. It was listed in Hong Kong in 2005 and in Shanghai in 2007.
Chairman / President
Ren Deqi
CEO / Managing Director
Zhang Baojiang
CFO / Finance Director
Liu Jianjun
Industry
Financial services
Website
bankcomm.com
Headquarters address
Shanghai, People's Republic of China
Stock Code
SEHK: 3328
SEHK: 4605
SSE: 601328
Year founded
1908
A view of the CXMT factory on the outskirts of Beijing on Monday. Photo: AFP
Banking & finance

How ‘old money’ investments in CXMT drive China’s tech self-sufficiency push

CCB holds the largest CXMT stake among the five banks at 1.714 per cent while BoC owns the smallest position at 0.38 per cent.

Yuan

Shanghai to lead ‘financial superpower’ push as China unveils plan to boost yuan

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Banking & finance

China’s Big Four banks post stronger earnings as policy lending lifts growth

Stock Connect

Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions

Strategic financial corridors now bridge mainland bourses with global hubs, enabling more seamless investment through specialised fund vehicles and receipts.

An electronic board is seen at the Sao Paulo Stock Exchange in Brazil. Photo: AFP
Banking & finance

ICBC and CCB lead China’s biggest banks in US$61 billion dividend payout

Record payouts come as regulators push listed companies to enhance dividend frequency and predictability.

Corruption in China

Former banker and Hubei party boss indicted for accepting ‘huge’ bribes

Jiang Chaoliang, who was party chief when Covid-19 first hit the province, is accused of illicit activity dating back to the 1990s.

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China-Africa relations

As China seeks to globalise the yuan, it finds a new vehicle in Africa

Africa Finance Corporation executive says entering Chinese capital markets is a ‘natural evolution’.

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Multilateral lender Africa Finance Corporation (AFC) has confirmed that a debut panda bond issuance is “on the table for this year”. Photo: Getty Images
China’s Communist Party

China’s anti-corruption body reveals how ex-banker fell in bribery scandal

Documentary details the downfall of Jiang Chaoliang and his brothers as disciplinary commission holds key session.

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Banking & finance

Which stocks will Hang Seng shareholders buy with their US$14 billion windfall?

Investors could favour high-dividend stocks like HSBC and Bank of China as they seek stable returns and growth potential, analysts say.

China property

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

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In the first three quarters of this year, Vanke posted a net loss of 28.02 billion yuan. Photo: Reuters
Hong Kong’s Tai Po fire tragedy

Students, workers, domestic helpers hit by Hong Kong fire get HK$20,000 payout

Injured residents will receive HK$50,000 if they spent up to six days in hospital, or HK$100,000 for seven days or more.

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Grieving students offer prayers and flowers for the 151 blaze victims. Photo: Karma Lo
Banking & finance

Hong Kong prices world’s first bonds with tokenised settlement

US$1.3 billion issuance helps ‘reinforce the vision’ for Hong Kong as a global hub for digital assets, monetary authority chief says.

Hong Kong politics

Exclusive | 30% of 161 Hong Kong Legco election candidates linked to mainland Chinese firms

Higher proportion marks significant increase from 2021 poll and reflects growing prominence of mainland capital in Hong Kong’s economy.

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Banking & finance

Tencent appoints banks for first bond sale in 4 years

Bank of China and JPMorgan Chase to serve as joint global coordinators.

Outside Tencent headquarters in Shenzhen. Photo: AFP
Hong Kong property

Schroders hit by Hong Kong property slump as banks seize assets

Bank of Communications is weighing options for a loan extended to Schroders for a commercial space at Harbourfront Landmark in Hung Hom.

Schroders owns three floors of commercial space at Harbourfront Landmark in Hung Hom district. Photo: Google
Banking & finance

Profitability pressure grows for China’s state banks amid low rates

All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.

Banking & finance

HSBC to keep highest yield among Greater China’s banks: JPMorgan

The 160-year-old bank, which traces its roots to Hong Kong and Shanghai, is likely to return between 9 per cent and 11 per cent to shareholders in 2025, says JPMorgan.

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China’s economic stimulus

New committee, bailout talk: is China launching a fresh property rescue effort?

China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.

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Evergrande Group and other Chinese developers have still yet to complete construction on a large number of projects that ground to a halt amid an industry-wide debt crunch. Photo: Reuters
Banking & finance

HSBC sees higher bad debts from Hong Kong’s property slump, tariff-induced pain

HSBC's CEO continues cost-cutting measures and orders all managing directors to work from office for at least four days a week from October 1.

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Banking & finance

HKMA dismisses ‘bad bank’ rumour, says Hong Kong banks are sound

The regulator rejects reports that some Hong Kong lenders are discussing the need to establish an institution to soak up soured debt.

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Banking & finance

China gives Hong Kong new yuan transfer cap as payment link starts

Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.

An image of the Faster Payment System (FPS), which recorded 17 million users as of March 2025. Photo: handout
Banking & finance

China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital

The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.

China Construction Bank is selling shares to the government to boost its tier-one capital. Photo: Reuters
Banking & finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

Hong Kong property

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

The embattled developer has sold 223 of the 228 flats on offer at its Le Mont residential project, according to agents.

Banking & finance

Beijing allows Hong Kong banks to issue credit cards in China from March 1

The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

Top Hong Kong banks like HSBC and Standard Chartered stand to gain from the opening up of China’s banking sector. Photo: Sam Tsang
Banking & finance

HSBC to deploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

HSBC’s branch on Pedder Street, Central on 5 May 2023. Photo: Yik Yeung-man
Banking & finance

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

Banking & finance

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

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