ABC selects five IPO underwriters
2010-04-15 09:56:24
Agricultural Bank of China (ABC) has selected five foreign investment banks to underwrite its long-awaited initial public offering (IPO) in Hong Kong after holding a "beauty contest" among potential candidates, a source familiar with the matter told China Daily on Wednesday.
China Merchants Bank 2009 net profit declines 13.5%
2010-04-15 09:34:56
China Merchants Bank Chairman Qin Xiao said a growing net interest margin is likely to buoy the lender's profitability this year after its earnings declined 13.5 percent in 2009.
China UnionPay launches ATM service in South Africa
2010-04-15 09:21:57
China UnionPay (CUP), the largest bank card organization in China, launched Wednesday an automatic teller machine (ATM) service in South Africa in alliance with the Standard Bank of South Africa.
Shanghai personal mortgage loans way up
2010-04-14 17:39:06
Shanghai's new personal housing mortgage loans hit 33.81 billion yuan in the first quarter, up 31.13 billion yuan year-on-year, according to the Shanghai headquarter of the People's Bank of China,
ADB approves regional credit guarantee fund
2010-04-14 14:43:07
The Asian Development Bank (ADB) has approved the establishment of a regional credit guarantee and investment trust fund in Asia to boost long-term investment in the region, ADB announced on Wednesday.
China Merchants Bank 2009 net profit falls
2010-04-14 09:33:52
China Merchants Bank, the country's six largest lender, said late Tuesday both its net profit and revenues declined in 2009 from the previous year.
Banks should not rely solely on capital market
2010-04-13 17:14:58
China's banking regulator had been attaching great importance to building "fire walls" among Chinese banks to prevent internal conflicts since 2003, the Securities Times reported Tuesday.
China's big banks need $70b capital
2010-04-13 16:06:06
China's four largest publicly traded banks need 480 billion yuan ($70 billion) of capital to comply with regulatory requirements for financial strength, according to Industrial & Commercial Bank of China Ltd. New lending slows on government curbs
New lending slows on government curbs
2010-04-13 09:27:48
Bank lending slowed in March as the government took further steps to rein in credit, amid rising inflation and asset bubble risks.
China's new loans reach 2.6t yuan in Q1
2010-04-12 17:22:40
China's new yuan-denominated lending in March slump to 510.7 billion yuan ($74.8 billion) from February's 700.1 billion yuan , the People's Bank of China, the central bank, said Monday.
Big Four extend $40b new loans in March
2010-04-12 16:31:58
China's four biggest banks contracted new loans of 265.8 billion yuan ($38.93 billion) in March, making their total lending for the first quarter of this year 1.04 trillion yuan, Century Weekly reported Monday.
CBRC clarifies down payment rule
2010-04-12 14:56:33
China's top banking watchdog clarified its chairman's comments on second home purchases late Sunday, saying a 60 percent down payment for second home purchases is a practice carried out by some banks in certain regions, not a rule, the Oriental Morning Post reported.