In a statement, BoC Hong Kong said the subordinated credit facility from its parent, Bank of China, would “strengthen BoCHK's capital base, providing BoCHK with greater operating flexibility . . . to weather the economic uncertainties arising from the global financial turmoil”.
The bank's board also cautioned that it expects 2008 profit “to decrease considerably” from last year, citing “the negative impact of the global economic slowdown and increased volatility in major financial markets”.
The surprise announcement marks the second time in the past month that China has rushed to the aid of one of its Hong Kong corporate flagships.
您已閱讀35%（637字），剩余65%（1169字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。