BANK OF CHINA (3988.HK)

BANK OF CHINA (3988.HK)


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Bank Of China Ltd Profile

Bank Of China Ltd (3988.xhkg) is a state-owned commercial bank founded in 1912 and headquartered in Beijing, China. Bank Of China is the second oldest Chinese bank, and as of 31 December 2019, it was the second-largest lender in China overall and the ninth-largest bank in the world by market capitalization value. In 2020 the Bank Of China became the fifth-largest bank in the world in terms of total assets, ranked after the other three Chinese banks, and JPMorgan Chase. Following layoffs during the pandemic, BOC currently has a workforce of 309.000 people, working in about 11.000 branches around the world. The Bank Of China (3988.xhkg) is traded on the Shanghai Stock Exchange (SSE) as a component of the SSE-50 Index, the Hong Kong Stock Exchange (SEHK) as a component of the Hang Seng Index, with a current market cap of $951.12B (USD). China has longstanding rules that bar banks from offering cryptocurrencies and related services. However, during the past few years, individuals have moved to trade cryptos on over-the-counter platforms and even offshore exchanges. China has called its top banks, including the Bank Of China, for a new crackdown on cryptos and Bitcoin.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in CET Time
Fri
09:00-17:30
Mon
09:00-17:30
Tue
09:00-17:30
Wed
09:00-17:30
Thu
09:00-17:30
Sun
Closed
Sat
Closed

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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