Bank of China Hong Kong Posts Strong 2H17 Result
BOC Hong Kong, or BOCHK, wraps up fiscal 2017 earnings for the Hong Kong banks with an expected solid second-half result. With the Chinese economy slowing at a controlled pace and global trades improving, the operating environment has been supportive for banks in general. Similar to its local and regional peers, the above factors saw stronger loan growth from both demand in Hong Kong and Chinese corporates seeking offshore growth. This is consistent with the first half and loan growth of 16% for...BOC Hong Kong is an investment holding company, engaged in the provision of banking and related financial services in Hong Kong. Co.'s segments include: Personal Banking, Corporate Banking, Treasury, and Insurance. Both the Personal Banking and Corporate Banking segments provide general banking services. The Treasury segment manages funding and liquidity, and the interest rate and foreign exchange positions of Co. in addition to proprietary trades. The Insurance segment represents business mainly relating to life insurance products, including individual life insurance and group life insurance products. As of Dec 31 2014, Co. had total assets of HK$2,189,367,000,000.
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