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The Latest Breaking News from Bank of China

Australia Moves To Keep Its Banks In The Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.

International Business Times

'Famous but understudied': IM Pei exhibition at M+ in Hong Kong is a deep dive into the architect's legacy

'IM Pei: Life is Architecture' is an exhibition celebrating the global icon; and it's just opened at M+ in Hong Kong

Wallpaper

Chinese lenders key as Thames Water’s owner seeks time to pay debts

ING, AIB and two Chinese state-owned banks expected to agree extension on £190m loan

The Guardian - UK

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Former Bank of China Chairman Indicted on Bribery Charges

A summary of recent corruption charges in China, highlighting the indictment of the former Bank of China chairman and ongoing anti-corruption efforts under...

Top News

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

The Guardian - UK

Former Bank of China boss arrested on corruption charges

Liu Liange charged with accepting bribes and illegally granting loans amid country’s anti-corruption drive

The Guardian - UK

India refiners start yuan payments for Russian oil imports, say sources

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.

The Hindu

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Bank of China chairman visits Papua New Guinea amid Sino-US strategic rivalry

Bank of China chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world's fourth-largest bank seeks an operating licence in the Pacific Islands nation, which is seeking to boost China trade while expanding U.S. defence ties.

Reuters

Longfor Gets $101 Million of Offshore Loans From Bank of China

Real estate developer becomes the first to tap into a measure intended to help cash-strapped property companies roll over foreign debt

Caixin Global

Republican’s wealth boosted by stake in company whose growth linked to China

Financial disclosures show how Ron Johnson’s wealth sharply increased thanks to his holding in Oshkosh-based Pacur

The Guardian - US

Myanmar executions revive pressure for more sanctions

Recent executions of four democracy activists in Myanmar have reenergized efforts to get the U.S. and other governments to impose further sanctions on its army-controlled government

The Independent UK

Murdoch empire borrows US$100m from state-owned Bank of China

Despite his media operations slamming Xi Jinping’s regime, the Murdochs accepted a megamillion-dollar loan from the government-run bank.

Crikey

Manager tells inquiry of Star casino's 'concerning' lies to Chinese bank

A Star casino manager tells a public inquiry about "serious" and "repeated" misrepresentations the company made to the Bank of China concerning the source of millions of dollars.

ABC News

ASL-BOCT partnership eyes Thai market

ASL Securities has signed a memorandum of understanding (MoU) with Bank of China (Thai) Plc (BOCT) to collaborate on the local distribution of Chinese investment products, including global debt instruments, stocks and IT development.

Bangkok Post

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