Bank of Communications Co Ltd (3328)

Bank of Communications Co Ltd (3328)


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Bank of Communications Co Ltd Profile

Bank of Communications Co Ltd (3328.xhkg) is a Chinese banking and financial services provider headquartered in Shanghai, the People’s Republic of China. The Bank of Communications has more than 2,800 branches in mainland China and overseas branches in New York, Tokyo, Singapore, and representative offices in London and Frankfurt. As of 2019, the BANKOFCOMMS had 87,828 employees and $1.52T (USD) in total assets in 2020. Bank of Communications Co Ltd is 34.55% owned by various entities of the State Council, 31.7% by the general public, 19.05% by HSBC, and 14.7% by the National Social Security Fund. The Bank of Communications Co Ltd (3328.xhkg) is traded on the Shanghai Stock Exchange (SSE), the Hong Kong Stock Exchange (SEHK), and its current market cap is $306.34B (USD). On August the 5th, BANKOFCOMMS has sold 54.4M shares in Ko Yo Chemical.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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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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