BANK OF CHINA(SH:601988) Jin Rong Jie·2025-03-27 02:21Core Insights - China Bank's overseas institutions have shown steady financial growth, with total assets reaching $1.15 trillion by the end of 2024, representing 22.48% of the group's total assets, an increase of 0.17 percentage points from the previous year [1] - The pre-tax profit from overseas institutions amounted to $11.106 billion, contributing 26.72% to the group, which is an increase of 4.08 percentage points year-on-year [1] - The trend of Chinese enterprises "going global" has strengthened, increasing the demand for related financial services, providing a favorable growth outlook for China Bank's overseas business [1] Business Strategy - China Bank plans to expand its global advantages by consolidating and expanding its traditional cross-border business, focusing on areas such as foreign exchange settlement, international settlement, and trade financing [2] - The bank aims to enhance its service in emerging business areas, actively supporting new foreign trade formats like cross-border e-commerce and overseas warehouses, thereby increasing its market share in comprehensive financial services [2] - In terms of regional strategy, China Bank will optimize its regional layout, particularly strengthening its position in Hong Kong and Macau, and promoting the transformation of Bank of China Hong Kong from a city bank to a regional bank [2] Future Outlook - Looking ahead to 2025, China Bank intends to leverage the favorable environment of relatively high overseas interest rates to maintain significant contributions from its overseas business and further enhance its global operational advantages [2]