Bank of China Ltd http://www.alacrastore.com/company-snapshot/Bank_of_China_Ltd-2534919 Friday, July 25, 2008 6:10:17 PM 2534919 Bank of China Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PBC_109278moodys/PBC_109278pdf...Moody's assigns a bank financial strength rating ( BFSR ) of D- to Bank of China Limited ( BOC ), which translates into a Baseline Credit Assessment ( BCA ) of Ba#. T he rating reflects the bank's unique franchise value and improved bank financials. The franchise includes its si gnificant presence in mainland China and Hong Kong, its leading position in foreign currency-dominated business in the domestic market, and its unique international network as compared to its peers. The outlook fo r all of the bank s ratings is stable. The bank's historical performance has been affected by its legacy role as a large state lender. Nevertheless, since China s bank recapitalization program in ####, BOC s finan cial profile has gradually improved. The bank s capital level was further strengthened following its dual IPOs in the summer of ####, though the bank's stand-alone profile remains relatively untested through the economic cycle. Unlike its local peers, BOC has a significant operation... 6/30/2008 8:18:05 AMpdfBank of China LimitedBank of China Limited2125300.0000AnalysisAnalysisPBC_109278Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155417_600045196moodys/PR_155417_600045196htmlGlobal Credit Research Announcement ## MAY #### Announcement: Shenzhen Development Bank Co., Ltd Moody's says Chinese banks' real estate exposures manageable Hong Kong, May ##, #### -- Moody's Investors Service sees a stable outlook...5/16/2008 1:18:17 AMhtmlShenzhen Development Bank Co., LtdChina Everbright BankShanghai Pudong Development BankIndustrial & Commercial Bank Ltd.China CITIC BankGuangdong Development BankAgricultural Bank of ChinaChina Merchants BankBank of CommunicationsChina Construction Bank CorporationBank of China LimitedAgricultural Bank of China; Bank of China Limited; Bank of Communications; ...6000451966000231906000224256000222876000219666000212736000159176000153396000137466000099282125150.0000NewsAnnouncementPR_155417_600045196Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_104847moodys/PBC_104847pdf...Headquartered in Beijing, Bank of China Limited ( BOC ) is the fourth largest bank in China, with total assets of RMB #,###.#billion (USD ###.#billion) as at December ##, ####. BOC is one of the five state-owned comme rcial banks in China. Its business scope covers commercial banking, investment b anking and insurance. The bank provides products and services to both corporates and individuals, including deposit taking and lending, credit cards, cash management, asset custody and financial consulting services. Moreover, it has a leading position on trade finance and foreign exchange services in China. The bank provides financial services through its ##,### outlets in Mainland China. BO C currently has the most extensive overseas branch network among PRC commercial banks, with a presence in Hong Kong, Macau and ## foreign countries. BOC became a state-controlled joint stock commercial bank in #### and completed its IPOs in Hong Kong on June #, #### and Shanghai on July... Company Profile3/30/2008 8:45:27 PMBank of China Limited2125550.0000SpecialReportpdfBank of China LimitedPBC_104847Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/bir/1197915bir/1197915normFinance: International banking.Bank of China Ltd.ChinaFinance: International banking.60215221109IM39882/29/2008 6:16:25 AM1197915Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/fitch/402713_pr_framefitch/402713_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Bank of China Ltd803613251/24/2008 10:18:00 AM0101010075Press Release601988402713_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/PR_148132_600063498moodys/PR_148132_600063498htmlAnnouncement1/24/2008 12:29:29 AMGlobal Credit Research Announcement ## JAN #### Announcement: Bank of China (Hong Kong) Limited Moody's sees no sub-prime rating impact on Bank of China Hong Kong, January ##, #### -- Moody's Investors Service today said that it sees...Bank of China (Hong Kong) Limited600063498150.0000Newshtml2125Bank of China LimitedBank of China (Hong Kong) Limited; Bank of China LimitedPR_148132_600063498Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/627069spcred/627069normThe latest News from S&P1/22/2008 11:33:25 PMNews100globalstructured627069ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsAsset-Backed SecuritiesNewsHONG KONG (Standard&Poor's) Jan. 23, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Bank of China Ltd. (BOC; A-/Stable/A-2) are unaffected by expectations of further losses stemming from the bank's investments in U.S. subprime RMBS and other related securities. BOC has set aside provisions of US$794 million as of the end of September 2007, and Standard&Poor's expects this to increase to cover revaluation losses because market conditions have significantly deteriorated. However, Standard&Poor's estimates that the additional provisions remain absorbable under reasonable stress scenarios, and are likely to be less than US$3.4 billion or 50% of the bank's net profit of Chinese renminbi 49.7 billion in the first three quartersCHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA1006Z@CHNEWSGLOBISSSTRUCFIABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_2125moodys/COP_2125htmlBank of China LimitedCredit Opinion1/4/2008 2:19:00 AMBank of China Limited2125150.0000NewshtmlBank of China LimitedCOP_2125Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/BS_2125moodys/BS_2125htmlBanking Statistics1/2/2008 7:28:27 PMGlobal Credit Research Banking Statistics # DEC #### Banking Statistics: Bank of China Limited Bank of China Limited Download Banking Statistics in .csv format Bank Deposit obligation rating(FC): A#/P-# Bank Deposit obligation rating(LC):...Bank of China Limited2125300.0000AnalysishtmlBank of China LimitedBS_2125Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/623175spcred/623175normThe latest Full Report from S&Pglobalstructuredpubfin12/27/2007 11:31:00 PM400Full Report623175ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceSovereignsCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSFull ReportGovernment support Well-entrenched franchise in China and Hong Kong Improving financial profile Developing credit culture Latent credit risk High exposure to U.S. subprime RMBS The ratings on Bank of China Ltd. (BOC) reflect the bank's strong franchise in China and Hong Kong, strong liquidity profile, and improving financial profile, supported by its good business and geographic diversification relative to its domestic peers'. Government support remains an important rating factor. Counterbalancing factors include the bank's developing credit culture, latent credit risk associated with its rapidly growing China book in a context of its weak, albeit improving, risk management, and relatively high exposure to U.S. subprime RMBS. BOC is among the "Big Four" Chinese banks, and has the most extensive overseas operations.CHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA3988@HKFULLCHEGBRHKGSGPCHNSUP87083K90261J90261X902623G91665G91861Y0338204517P78009787083690261TG9213A04516787084590261K905318G918G871221978010C90261990347MG918C9G9213JY0338T40301040 403010 4030 4040101010 401010 4010 4040203030 402030 4020 4040203020 402030 4020 4040201040 402010 4020 40Asian Development BankChina (People's Republic of)Royal Bank of Scotland Group PLC (The)UBS AGBank of China (Hong Kong) Ltd.Bank of China Group Insurance Co. Ltd.Temasek Holdings Pte. Ltd.100172111779113609324974358411362672381122SUPCANEMERGINGEUROMIDAFRUSAASIALATAMERICAPAC81074Z@PMPRCH@CHRBS@LNUBSN@VX1055Z@HKBCGZ@HKTMSK@SPGLOBISSSTRUCPUBFINFIINSSOVCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/623176spcred/623176normThe latest Summary from S&Pglobalstructuredpubfin12/27/2007 11:31:00 PM175Summary623176ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceSovereignsCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesAsset-Backed Commercial PaperResidential MBSCollateralized Debt ObligationsCommercial MBSSummaryThe ratings on Bank of China Ltd. (BOC) reflect the bank's strong franchise in China and Hong Kong, strong liquidity profile, and improving financial profile, supported by its good business and geographic diversification relative to its domestic peers'. Government support remains an important rating factor. Counterbalancing factors include the bank's developing credit culture, latent credit risk associated with its rapidly growing China book in a context of its weak, albeit improving, risk management, and relatively high exposure to U.S. subprime RMBS. BOC is among the "Big Four" Chinese banks, and has the most extensive overseas operations. The bank has a particularly strong franchise in Hong Kong, where it is the second-largest lender. This gives it a competitive edge over otherCHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA3988@HKSUMMARYCHEGBRHKGSGPSUPCHN71221978010C90261K90261T90347MG9213A902619G91665G918C904516704517P87083687083K90261J902623G918G8Y03382Y0338T78009787084590261X905318G91861G9213J40101010 401010 4010 4040301040 403010 4030 4040201040 402010 4020 4040203020 402030 4020 4040203030 402030 4020 40Asian Development BankChina (People's Republic of)Royal Bank of Scotland Group PLC (The)UBS AGBank of China (Hong Kong) Ltd.Bank of China Group Insurance Co. Ltd.Temasek Holdings Pte. Ltd.100172111779113609324974358411362672381122EMERGINGPACEUROMIDAFRASIACANSUPLATAMERICAUSA81074Z@PMPRCH@CHRBS@LNUBSN@VX1055Z@HKBCGZ@HKTMSK@SPGLOBISSSTRUCPUBFINFIINSSOVCORPGOVSUTILABSABCPRMBSCDOCMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PRM_600041011_20021121224928moodys/PRM_600041011_20021121224928htmlRating Action12/21/2007 4:58:56 AMGlobal Credit Research Rating Action ## NOV #### Rating Action: Agricultural Bank of China, Hong Kong Branch MOODY'S CHANGES OUTLOOK ON CHINESE BANKS TO POSITIVE Moody's Investors Service revised the outlook of China's policy banks...Agricultural Bank of China, Hong Kong Branch600041011150.00Newshtml600020411Export-Import Bank of China600018707China Development Bank600015917Agricultural Bank of China600012321Industrial & Commercial Bank of China600009928China Construction Bank Corporation2125Bank of China LimitedAgricultural Bank of China; Agricultural Bank of China, Hong Kong Branch; ...PRM_600041011_20021121224928Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/362488_report_framefitch/362488_report_framepdf601988Credit Update150Bank of China LtdFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.12/17/2007 10:12:00 AM0101010080361325362488_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/362492_report_framefitch/362492_report_framepdf80361325Full Rating Report601988385Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Bank of China Ltd0101010012/17/2007 10:12:00 AM362492_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/394975_pr_framefitch/394975_pr_framehtmlBank of China Ltd8036132501010100601166Press Release601988Industrial Bank Company Ltd.80362035Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.12/17/2007 10:12:00 AM75394975_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/PBC_106447moodys/PBC_106447pdfAnalysis12/14/2007 12:18:50 AM...Moody's assigns a bank financial strength rating (BFSR) of D- to Bank of China Limited (BOC), which translates into a Baseline Credit Assessment (BCA) of Ba#. The rating reflects the bank's significant and valuable franchise in China and Hong Kong and its strong global network as compared to its peers. However, the bank's historical performance has been a ffected by its legacy role as a large state lender. Recent financial improvements were largely achieved through government recapitalization. The bank's stand- alone profile remains relatively untested through the economic cycle. Unlike its local peers, BOC has a significant operation in Hong Kong. In October ####, it merged its Hong Kong branch with its other subsidiaries to form Bank of China (HK) Ltd (C+/Aa#/P-#), Hong Kong's second largest banking group. The Hong Kong operation is also an important channel through which BOC is introducing modern commercial banking practices into China. For its BFSR to be upgraded, the... Bank of China Limited2125300.0000AnalysispdfBank of China LimitedPBC_106447Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/614821spcred/614821normThe latest News from S&P11/22/2007 8:29:00 AMNews100globalstructured614821ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsAsset-Backed SecuritiesCollateralized Debt ObligationsNewsHONG KONG (Standard&Poor's) Nov. 22, 2007--Standard&Poor's Ratings Services said today that it had raised its local and foreign currency long-term counterparty credit ratings on Bank of China Ltd. (BOC) to 'A-' from 'BBB+'. Standard&Poor's raised its local and foreign currency senior unsecured issue ratings on BOC to 'A-' from 'BBB+'. The 'A-2' local and foreign currency short-term ratings on the bank were affirmed. The outlook is stable. Standard&Poor's raised its foreign currency long-term counterparty credit rating on China Construction Bank Corp. (CCB) to 'A-' from 'BBB+' and affirmed the 'A-2' foreign currency short-term rating on the bank. The outlook is stable. Standard&Poor's raised its foreign currency long-term counterparty credit ratingCHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA1006Z@CHNEWSCHN40101010 401010 4010 40Bank of Communications Co. Ltd.Industrial and Commercial Bank of China Ltd.China Construction Bank Corp.119889130095317965ASIAEMERGING3328@HKICBZ@CH939@HKGLOBISSSTRUCFIABSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/614822spcred/614822normThe latest Research Update from S&P11/22/2007 8:29:00 AMResearch Update175globalstructured614822ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsAsset-Backed SecuritiesCollateralized Debt ObligationsResearch UpdateOn Nov. 22, 2007, Standard&Poor's Rating Services raised its local and foreign currency long-term counterparty credit ratings on Bank of China Ltd. (BOC) to 'A-' from 'BBB+'. Standard&Poor's raised its local and foreign currency senior unsecured issue ratings on BOC to 'A-' from 'BBB+'. The 'A-2' local and foreign currency short-term ratings on the bank were affirmed. The outlook is stable. Standard&Poor's raised its foreign currency long-term counterparty credit rating on China Construction Bank Corp. (CCB) to 'A-' from 'BBB+' and affirmed the 'A-2' foreign currency short-term rating on the bank. The outlook is stable. Standard&Poor's raised its foreign currency long-term counterparty credit rating on Industrial and Commercial Bank of China Ltd.CHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA1006Z@CHRESUPDCHN40101010 401010 4010 40Bank of Communications Co. Ltd.Industrial and Commercial Bank of China Ltd.China Construction Bank Corp.119889130095317965ASIAEMERGING3328@HKICBZ@CH939@HKGLOBISSSTRUCFIABSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/381072_pr_framefitch/381072_pr_framehtmlBank of China LtdChina Construction Bank CorporationChina Development BankIndustrial & Commercial Bank of China Limited803604338036080480361325803620338385766911/7/2007 10:13:00 AM0101010075Press Release0939601398601988Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.381072_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/603757spcred/603757normThe latest Research Update from S&P9/23/2007 11:29:00 PMResearch Update175globalstructured603757ChinaDiversified BanksAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsAsset-Backed SecuritiesResearch UpdateOn Sept. 21, 2007, Standard&Poor's Ratings Services assigned its 'BBB+' long-term and 'A-2' short-term local currency counterparty credit ratings to Bank of China Ltd. (BOC; foreign currency: BBB+/Positive/A-2). The outlook is positive. At the same time, Standard&Poor's assigned its 'BBB+' long-term issue rating to an issue of Chinese renminbi (RMB)-denominated senior unsecured bonds in Hong Kong by BOC. The counterparty credit ratings on BOC reflect the bank's strong franchise in mainland China and Hong Kong, and strong funding and liquidity profiles. The ratings also factor in BOC's improving financial profile and framework of corporate governance. Government support remains an important rating factor. Counterbalancing factors include the bank's developing credit culture, under-tested risk management systems, and stillCHN06119440101010 401010 4010 40Bank of China Ltd.127854ASIAEMERGINGLATAMERICA1006Z@CHRESUPDGLOBISSSTRUCFIABSCredit & Investment ResearchS&P Credit Research