Latest news with #BankOfChina
Zawya
2 days ago
- Business
- Zawya
Dubai Aerospace signs $300mln 3-year term loan
Dubai Aerospace Enterprise Ltd. has signed a $300 million three-year unsecured term loan with Bank of China (Dubai) Branch, Bank of China Limited, London Branch and Bank of China (Hong Kong) Limited. The aircraft lessor, which is fully owned by Investment Corporation of Dubai, will use the loan for general corporate purposes and future financing needs of the business. Firoz Tarapore, CEO of DAE, said the transaction with BOC 'provides us with additional liquidity to support our ongoing commitment to meeting the needs of our airline customers while maintaining a modern and efficient fleet'. In March 2024, DAE signed $420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited. As of March 31, 2025, the company had a total debt of $8 billion, of which 80% was unsecured. Net debt-to-equity ratio was 2.43x. (Writing by Brinda Darasha; editing by Seban Scaria)
Associated Press
3 days ago
- Business
- Associated Press
Yunpeng Zhao Contributes to U.S. Risk Management System Advancing Financial Stability and Regulatory Efficiency
Award-winning project led by Yunpeng Zhao modernizes credit alert and reporting infrastructure using real-time financial indicators New York, NY, United States, June 1, 2025 -- A groundbreaking project titled 'Risk Management Automation & Credit Alert System', developed between 2023 and 2024 in the U.S., has introduced a new paradigm in how financial institutions monitor and respond to emerging credit, interest rate, and liquidity risks. Designed and led by Yunpeng Zhao, the project developed a real-time dynamic credit risk alert system that integrates Credit Default Swap (CDS) spreads, bond yields, and other market indicators to anticipate potential risk exposures. The system offers an early warning mechanism that enhances counterparty and market risk sensitivity, significantly improving risk oversight and compliance response times. Beyond predictive credit analytics, the project automated the monitoring and reporting of key liquidity and interest rate risks, such as Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). These enhancements reduced reporting time by over 90% and lowered error rates by 98%, drastically improving both operational efficiency and regulatory transparency. Key Highlights: The project's innovation was recognized at the institutional level: Zhao's automated P&L forecasting solution for interest rate swaps (IRS) portfolios was selected as the 2024 'Outstanding Project of the Year' by the Bank of China's U.S. branch and progressed to the semifinals of the bank's global innovation competition. Building on the success of the initial system, Zhao has continued to lead efforts to enhance financial risk infrastructure across the U.S. banking sector. Building on the success of the initial system, Zhao has continued to lead advancements in financial risk technology. Since the second half of 2023, he has focused on enhancing predictive modeling and automation frameworks within risk management systems, applying real-time market data and machine learning tools to refine credit risk alerts and liquidity stress testing. His ongoing work contributes to greater transparency, operational agility, and regulatory responsiveness across financial institutions in the United States. The ongoing initiative leverages machine learning–driven predictive models and live market monitoring tools to enable early detection of systemic risks and improve coordination among banking institutions. By facilitating the exchange of risk-related data, the platform aims to address a long-standing gap in interbank visibility, particularly in moments of financial stress. This joint platform not only enhances depositor protection and systemic resilience but also sets a regulatory and technological precedent that may serve as a blueprint for other regional and mid-sized banks in the United States. Zhao's leadership in this ongoing project underscores his continued influence and expertise in the evolving landscape of financial risk management and regulatory innovation. To read more about Yunpeng Zhao's work, you can visit here. Contact Info: Name: Yunpeng Zhao Email: Send Email Organization: Yunpeng Zhao Website: Release ID: 89154256 In the event of any inaccuracies, problems, or queries arising from the content shared in this press release, we encourage you to notify us immediately at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our diligent team will be readily available to respond and take swift action within 8 hours to rectify any identified issues or assist with removal requests. Ensuring the provision of high-quality and precise information is paramount to us.
Japan Times
28-05-2025
- Business
- Japan Times
Japan's ‘Middle Country' bank is puzzling Chinese tourists
Chugoku Bank is a small Japanese lender named after the central Japanese region where it's based. But it is having to turn away Chinese would-be customers convinced they have come across a branch of the global giant Bank of China. That's because, when written in Japanese, its name is identical to the name of its Beijing-headquartered peer. It literally translates to "Middle Country Bank' in English. Some branches are dealing with confused Chinese tourists "every day' according to a spokeswoman for the bank. That's prompted the lender, a unit of Tokyo-listed Chugin Financial Group, to post Chinese-language signs explaining that the two are unrelated. Japan has become a booming tourist destination since COVID-19 travel restrictions were lifted, and those travelers are increasingly venturing deeper into Japan's regions, including Okayama Prefecture, where Chugoku Bank is based. Some 765,100 visitors arrived from China in April, data from the Japan National Tourism Organization show, more than from any other country, and a 43.4% rise in numbers from a year earlier. Still, the news has sparked debate on social media, including a post by outspoken Chinese diplomat Zhang Heqing questioning why the bank chose the name in the first place.
Bloomberg
28-05-2025
- Business
- Bloomberg
Japan's ‘Middle Country' Bank is Puzzling Chinese Tourists
Chugoku Bank is a small Japanese lender named after the central Japanese region where it's based. But it's having to turn away Chinese would-be customers convinced they have come across a branch of the global giant Bank of China. That's because, when written in Japanese, its name is identical to the name of its Beijing-headquartered peer. It literally translates to 'Middle Country Bank' in English.
Bloomberg
22-05-2025
- Business
- Bloomberg
New World Gets Support From About 10 Banks for Loan Refinancing
By , Trista Xinyi Luo, and Pearl Liu Save New World Development Co. has secured commitments from about 10 banks for its HK$87.5 billion ($11.2 billion) loan refinancing, according to people familiar with the matter, as the cash-strapped builder races to complete the deal before the end of next month. Major banks Bank of China Ltd., HSBC Holdings Plc and Standard Chartered Plc, local lenders Bank of East Asia Ltd., Fubon Bank (Hong Kong) Ltd., Hang Seng Bank Ltd., and French lender Credit Industriel et Commercial along with several other financial institutions have completed the internal approval process to join the deal, with total commitments exceeding HK$20 billion, the people said. More banks are going through internal credit approvals and expect to finalize their commitments in the coming weeks, they added.
