
China’squarterlybankreportingseasonhasstartedwithamarket-beatingperformancefromBankofChina(BOC)[3988.HK;BUY].Akeycomponentofthebank’s13.8%year-on-year(YoY)netprofitgrowthforQ12014appearstohavebeenaresultofitsincreasedoffshoreloanportfolio,whichhasbeengrowingfasterthanitsRMBbookoverthepastyear.AnindicationofthefasterpaceofgrowthinoffshorelendinginQ1isthefactthattotalloansrose7...