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| Name | Symbol | Market | Type |
|---|---|---|---|
| Bank of Communications Company Ltd (PK) | USOTC:BCMXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.83 | 17.30 | 18.63 | 2 | 21:04:24 |
From Jul 2019 to Jul 2024
HSBC Holdings PLC (HBC) aims to increase its presence in mainland China by expanding its branch network or by raising its stake in Bank of Communications Co. (601328.SH), the Financial Times reported on its website.
Chief Executive Stuart Gulliver told the FT he wanted his bank either to substantially lift its holding in BoCom, one of China's big five banks, from 20%, if given regulatory approval or increase its mainland China branch network to about 800 from 110.
Mainland China has long been a core part of HSBC's expansion strategy. But its latest plans come amid industry concerns about the momentum for reform in China and doubts over the country's interest in opening further to foreign banks, the report said.
Newspaper website: http://www.ft.com
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
1 Year Bank of Communications (PK) Chart |
1 Month Bank of Communications (PK) Chart |
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