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China has further boosted its status as the biggest consumer of gold.

China Reports Increase in Gold Imports as Yuan Shrinks

S. Rina |

Oct 29, 2016 01:46 AM EDT

China has further boosted its status as the biggest consumer of gold, based on its imports data.

Bank of China Provide Loan for Chinese Paper Firm in Ho Chi Minh City

Kat De Guzman |

Jul 05, 2016 02:14 PM EDT

The Bank of China has signed the loan for Cheng Yang Paper Mill Company on Monday amounting to $168 million dollars.

China launches new yuan-denominated gold benchmark on Tuesday, with aim to control pricing and establish stronger influence on the global market.

China Launches Yuan-Denominated Gold Benchmark

Charissa Echavez |

Apr 19, 2016 11:30 AM EDT

China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as it attempts to gain more control over its price and establish stronger influence on the international market.

Italian Offices of Bank of China Accused of Smuggling $5.12 Billion into Beijing

Bank of China's Offices in Italy Accused of Smuggling $5.12 Billion into Beijing

Desiree Sison |

Apr 11, 2016 09:16 AM EDT

Italian prosecutors started a probe into the Italian offices of the Bank of China for allegedly smuggling more than 4.5 billion euros ($5.12 billion) into Beijing from 2006 to 2010.

China's Economy to Grow 6.8% in 2016, Bank of China Says

Mars Woo |

Dec 22, 2015 09:38 AM EST

Despite a volatile global environment and weak domestic market demand, China's economy will still be able to post growth of 6.8 percent next year, according to the Bank of China (BOC) Hong Kong Ltd.

Kuang Wanchang: U.S. Repatriates Chinese Fugitive Accused of Defrauding Nearly $500 Million from Bank of China

Kwao Peppeh |

Sep 24, 2015 07:40 AM EDT

United States authorities on Thursday repatriated a Chinese fugitive accused in 2004 of conspiring in a scheme to defraud China's central bank of $485 million. The deportation of Kuang Wanchang shows that both countries are steadily progressing towards establishing a formal prisoner extradition treaty.

Italian Court to Hear Multi Billion Euro Laundering Case Involving Bank of China

Benjie Batanes |

Aug 06, 2015 04:13 PM EDT

A court in Florence, Italy, will begin its hearing on March 2015 against the Bank of China which allegedly connived with hundreds of individuals to smuggle more than 4 billion Europs out of the country by way of a partly owned Chinese cash transfer firm.

United States Treasury Department has put China on Watch List

China Slashes Benchmark Rates To Help Save Sliding Economy

Camille Harthy |

May 11, 2015 06:56 AM EDT

The People's Bank of China on May 10 slashed the country's benchmark deposit and loan interest rates by 25 basis points, a move expected to help improve the country's slowing economy, state-owned Xinhua News Agency reported the same day.

Bank of China Becomes First Chinese Bank to Join NZ Bankers' Group

Marcel Woo |

Mar 02, 2015 05:30 AM EST

Bank of China, one of the five biggest state-owned commercial banks in China, has officially joined the New Zealand Bankers' Association through the Bank of China (New Zealand), bank officials said Monday.

Bank of China to Acquire NYC Office Building for $600 Million

Michael A. Katz |

Dec 09, 2014 08:57 PM EST

The Bank of China is buying a 28-story office building at 7 Bryant Park in Midtown Manhattan in New York City for almost $600 million.

China to Insure All Bank Deposits Up to 500,000 Yuan by January

Vittorio Hernandez |

Nov 28, 2014 03:21 AM EST

The Bank of China plans to insure all bank deposits in the country for up to 500,000 yuan or $81,000 beginning January 2015.

China Opens Yuan-SG Dollar Trade

Danielle Austria |

Oct 28, 2014 07:16 AM EDT

In an effort to further economic ties, China and Singapore will begin exchanging currencies in the interbank market on Tuesday (October 28).

Chinese Banks Shift Focus Amid Slowing Economy and Mounting Bad Debts

Rhona Arcaya |

Sep 01, 2014 12:30 AM EDT

Sluggish profit growth in the manufacturing sector has prompted Chinese banks to look to food, healthcare and information technology industries to increase revenue.

Top Chinese Financial Anchor nabbed at CCTV Premises

Staff Reporter |

Jul 12, 2014 07:45 PM EDT

A prominent Chinese business journalist was arrested while preparing for his nightly news program at China's state television network Friday night. Rui Chenggang was conspicuously absent from the show, with only one anchor hosting and a second microphone vacant on the set.