Category: Money tips Release Date: 2006-08-05
Performance increase of 16.9% BOC Hong Kong shares have declined
Superman Li Ka-shing is purely investment stake in the Bank of
Bank of China 6.5 billion half year profit
August 18 for the Chinese banks is a good day.
On that date, the Bank of China announced the introduction of Royal Bank of Scotland, Cheung Kong Holdings 0001.HK Chairman Li Ka-shing, and Merrill Lynch as an overseas shareholder; Bank of China unit BOC Hong Kong (2388.HK), also released on the same day the best ever half-year results, semi-annual net profit of 65 billion HK dollars, up 17%, so that the performance of securities analysts bearish BOCHK surprise.
BOC Hong Kong performance, the main benefit from the loan impairment write-back of 15.7% compared with same period last year to 1.435 billion Hong Kong dollars, and the value of 918 million yuan revaluation of investment properties.
Performance of growth, the Bank of China Bank of China will face the challenges of overseas listing. Because many investors are not yet reached for the four major state-owned commercial banks listed overseas, so investment in Bank of China, which is also joined the rank BOC Hong Kong the Hang Seng Index constituent stocks in the future listing of the Bank of China as a whole, because of its more representative and have the business on the Mainland room for growth, will be more attractive to investors, there are rumors that the Bank of China Bank of China will be listed as a whole when merged into Bank of China.
In response, BOC Hong Kong, president and Guangbei that the Bank of China to introduce foreign shareholders, will make Bank of China's reform and an important step forward, is expected to accelerate the pace of overseas listing. But the Bank of China's listed status will not change the scene.
"Bank of China is being careful study of the future strategic direction, but the BOC board of directors to get recognized, and the Bank's support." Guangbei said that due to the two lines of the business environment is not the same, the mother-line from the main business Mainland, while the Bank of China based in Hong Kong, focuses its operations, the two different investment risks, so investors, the investment value of the two lines can not be generalized.
However, the performance of growth and the parent bank to the introduction of foreign strategic investors still could not hide the impact of the incident Liu Jin. And widely implicated in the north of the office because of corruption and dereliction of duty on August 12 in Jilin Changchun Intermediate People's Court sentenced to death, suspended for two years.
Bank of China released the day of performance, and sitting in the Bank of Canton, North Building, 11th floor conference room of the central podium, which is the seat Liu Jinbao in the past, in his side's Bank of China also faces of the people all the non-management, and only sat on his left David Lam, vice president, is BOC Hong Kong in July 2002 when the five listed in Hong Kong Senior, president of the only remaining one of the remaining four people, Liu Jin Pipansihuan, two former vice president, Zhu Chi and Ding Yansheng were each sentenced to 13 years, another vice president, Ke elegant while early retirement.
"Liu Jinbao incident occurred when the image of the BOC Hong Kong does have a great impact, a serious blow to the BOC Hong Kong's reputation and customer confidence." Guangbei said, "we decided to adopt a number of remedial measures to heaven revolves works in the name, from a number of independent accountants to investigate and made 260 and preventing risks related to corporate governance proposals, as at the end of June this year, has implemented 258 recommendations, and the remaining two recommendations are long-term reform proposals, such as upgrading information technology. "
Guangbei added: "days revolves project has been completed, the relevant effectiveness of the measures is also reflected in the performance of the first half of this year, we received were to improve internal operations, improve service quality, promote business growth, non-performing loans and risks of the treatment control, we have seen positive results, I believe we can help to strengthen investor and customer confidence. "
