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          MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Bank of China Limited    3988   CNE1000001Z5

          BANK OF CHINA LIMITED

          (3988)
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          PBOC to strengthen monetary policy support for economy, governor says

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          05/15/2020 | 11:22pm EDT
          Governor of People's Bank of China (PBOC) Yi Gang attends a news conference on China's economic development ahead of the 70th anniversary of its founding, in Beijing

          China will strengthen monetary policy support for the economy as authorities fight the hit from the coronavirus pandemic, its central bank governor wrote in an article published on Saturday.

          The central bank will put more emphasis on policy flexibility while maintaining financial market stability, People's Bank of China Governor Yi Gang wrote in an article published in the Communist Party journal Qiushi.

          The coronavirus hit China's economy as it was in a downward cycle, which impacted financial operations, Yi said. While China has contained the coronavirus, its spread overseas brings new challenges, he added.

          The PBOC will use policies such as relending, rediscount, deferred loan repayments and improved policy transmission to support the economy and stabilise employment, Yi said.

          The central bank has rolled out a raft of easing steps since early February, including cuts in reserve requirements and lending rates and targeted lending support for virus-hit firms.

          (Reporting by Pei Li and Kevin Yao; Editing by Sam Holmes)

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          Financials
          Sales 2020 580 B 85 883 M 85 883 M
          Net income 2020 185 B 27 418 M 27 418 M
          Net Debt 2020 - - -
          P/E ratio 2020 4,23x
          Yield 2020 7,27%
          Capitalization 987 B 127 B 146 B
          Capi. / Sales 2020 1,70x
          Capi. / Sales 2021 1,64x
          Nbr of Employees 306 232
          Free-Float 99,0%
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          Mean consensus OUTPERFORM
          Number of Analysts 22
          Average target price 3,21 CNY
          Last Close Price 2,52 CNY
          Spread / Highest target 76,9%
          Spread / Average Target 27,6%
          Spread / Lowest Target -5,08%
          EPS Revisions
          Managers
          NameTitle
          Jiang Wang Vice Chairman & President
          Xi Quan Wang Chairman-Supervisory Board
          Lian Ge Liu Chairman
          Liu Qiuwan Chief Information Officer
          Chang Yun Wang Independent Non-Executive Director
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