Bank of China: a case study in foreign currency risk

Date:2011-08-26wangxin  Text Size:

Bank of China (601988.SH) , which reported a 28 per cent y-o-y rise in H1 net profit, is deeply exposed to foreign currency risk. Foreign-currency denominated assets account for more than 20 per cent of its balance sheet and any sharp rise in the renminbi would lead to major losses.

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