BOC Hong Kong
2388Company Overview
Bank of China Hong Kong (Holdings) Limited (the “Company”) is one of the largest listed companies and commercial banking groups in Hong Kong and holds all of the shares in Bank of China (Hong Kong) Limited (“BOCHK”), the Company's main operating subsidiary. The Bank of China set up an institution in Hong Kong in September 1917, then reorganized the former member banks of the Hong Kong Bank of China Group and registered the company in Hong Kong on September 12, 2001. On July 25, 2002, the Company's shares were listed on the main board of the Hong Kong Stock Exchange under the stock code “2388” and the OTC trading code for American Depositary Securities “BHKLY”. The Bank of China holds approximately 66.06% of the Company's interests through its indirect wholly-owned subsidiary Bank of China Hong Kong (BVI) Limited. BOCHK adheres to the concept of sustainable and high-quality development, leverages its advantages as a major commercial banking group in Hong Kong, continues to deeply cultivate the Hong Kong market, seize development opportunities in the Greater Bay Area, and actively expand its Southeast Asian business. We insist on being customer-centered, understanding customer needs, actively exploring practices, enhancing customer experience through innovative technology, and striving to promote green and sustainable development, provide customers with comprehensive, professional and high-quality services, connect with opportunities, and achieve more. Bank of China Hong Kong is one of the three banknote issuing banks in Hong Kong. It is also the only RMB clearing house in Hong Kong, and is at the forefront of all major business markets. With our advantages in RMB business, our RMB service has become a natural choice for customers. Through the largest branch network and diversified service channels in Hong Kong, as well as efficient electronic channels such as online banking and mobile banking, we provide comprehensive financial and investment management services for individuals, enterprises and institutions. We are actively improving the regional layout and further promoting business development in Southeast Asia. We have branches in Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos, Brunei and Myanmar to provide professional and high-quality financial services to local customers. Through close cooperation with our parent bank, Bank of China, we provide comprehensive and high-quality cross-border services to multinational companies, cross-border customers, mainland “going global” enterprises, and customers from central banks and supranational institutions. As a major commercial bank and regional bank rooted in Hong Kong for over 100 years, BOCHK adheres to the purpose of “being rooted in Sri Lanka and serving Sri Lanka”, actively fulfills corporate social responsibility and creates value for all stakeholders and communities.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | BOC Hong Kong |
Ticker | 2388 |
Main Business | Banks—Regional |
Type | Common Stock |
Industry | Banks—Regional |
Country | HK |
Market Cap | $28.73 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Revenue | $69,660.0 | $0.0 | - |
Interest income | $0.0 | $0.0 | - |
Total | $69,660.0 | $0.0 | 0.00% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
subordinated debt | $9,656,410,256.4 | 33.61% |
bonds issued | $256,410,256.4 | 0.89% |
derivative financial liability | $5,326,923,076.9 | 18.54% |
Total Interest-Bearing Debt | $15,239,743,589.7 | 53.05% |
Market Capitalization | $28,728,717,948.7 | 100.00% |
Compliance Status | Threshold: 33% | failed |