TOPIC

/ company

Bank of Communications

(交通银行)

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

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

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.

30 Mar 2025 - 9:52PM

Banking & finance

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

28 Mar 2025 - 6:32PM

Hong Kong property

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

15 Mar 2025 - 8:50PM

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.

20 Feb 2025 - 11:21PM

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.

25 Feb 2025 - 12:36PM

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.

26 Sep 2024 - 2:29PM

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.

25 Sep 2024 - 2:00PM

Li Yunze, director of the National Administration of Financial Regulation. Photo: Reuters

Banking & finance

State-owned banks face thinner margins amid Beijing’s call to support economy

At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.

1 Sep 2024 - 1:00PMvideocam

Hong Kong Monetary Authority (HKMA)

Hong Kong opens e-CNY pilot programme to whole city, no mainland account needed

Roll-out provides a safe, convenient means of payment for Hongkongers spending in mainland China and mainland users in Hong Kong, HKMA says.

17 May 2024 - 8:02PM

Banking & finance

China’s banks to sell US$60 billion of loss-absorbing bonds to meet PBOC’s norms

ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.

13 May 2024 - 11:32PM

Bank of China (BOC) Tower seen from West Kowloon on a smoggy day. Photo: Xiaomei Chen

Banking & finance

China’s ICBC, Agricultural Bank post profit drops on margin squeeze

The government may press state banks to continue cutting lending rates, further eroding their margins, analyst says.

30 Apr 2024 - 9:40AM

Signage outside an Industrial and Commercial Bank of China branch in Shanghai on August 26, 2022. Photo: Bloomberg

Banking & finance

Fitch cuts outlook for China’s state-owned banks from stable to negative

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

16 Apr 2024 - 7:00PMvideocam

Banking & finance

Chinese banks pull out some long-term deposit products, cut rates to boost margins

China’s banks are removing some of their long-term fixed-income products and cutting rates offered to depositors in an effort to shore up profitability, as challenges including a slumping property sector, mounting local government debt, and slow consumption recovery weigh on bank earnings.

14 Apr 2024 - 2:04PM

Banking & finance

With new regulations and mandates, is the party over for China’s finance sector?

China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.

30 Mar 2024 - 6:44AMvideocam

Banking & finance

Bocom posts slight rise in profits and points to improving asset quality

Bocom paints resilient picture for year ahead despite posting slower profit growth and warning about challenges from property sector.

27 Mar 2024 - 11:17PM

Bocom delivered a relatively upbeat outlook despite posting slow earnings growth. Photo: Reuters

Banking & finance

Bank of China plans US$21 billion bond sales to meet capital requirements

The bank will be the nation’s first big state bank to sell loss-absorbing bonds to plug a major funding shortfall before a 2025 deadline to meet global capital requirements

29 Jan 2024 - 2:23PM

Banking & finance

China’s biggest banks lower deposit rates for third time to boost profitability

China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

22 Dec 2023 - 7:30PM

China property

China’s mortgage-rate cut to put profit squeeze on state banks

Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.

1 Sep 2023 - 5:13PM

A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China on August 18, 2023. Photo: Reuters

Property financing

BoCom, Chinese lenders seen cutting mortgage rates to help end housing slump

A mortgage rate cut by Bank of Communications, China’s fifth-biggest lender, could induce larger rivals to follow, days after Beijing eased mortgage rules to help arrest a months-long slump in home sales.

30 Aug 2023 - 8:20PMvideocam

Banking & finance