ICBC reduces local government loans
2011-03-31 11:05:25
Industrial and Commercial Bank of China (ICBC) Ltd, China's largest bank by market value, said on Wednesday that loans to local governments have been reduced and that it will continue to expand abroad by setting up four more branches.
China's Ping An 2010 net profit up 23.9%
2011-03-30 09:55:24
Ping An Insurance Group, one of China's major insurers, said Wednesday its 2010 net profit rose by 23.9 percent year on year to 17.94 billion yuan ($2.73 billion).
Chinese banks' net profit up 34.5%: CBRC
2011-03-30 09:37:07
China's banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in a report released on Tuesday.
China Industrial Bank plans up to 50b yuan bond issue
2011-03-29 14:20:18
Mid-sized Chinese lender Industrial Bank said on Tuesday that it planned to raise up to 50 billion yuan ($7.6 billon) by selling bonds in Shanghai or Hong Kong to fund asset expansion.
CCB profit growth to continue rising
2011-03-29 10:43:20
China Construction Bank Corp (CCB) will continue to increase profits at a rate of more than 20 percent year-on-year, despite tightening macroeconomic polices and a rising awareness of risk control, said Chen Zuofu, vice-president of the bank, on Monday.
Industrial Bank profits rise 39% in 2010
2011-03-29 10:19:02
Industrial Bank Co, a mid-sized lender in China, reported on Monday that its net profits rose 39.44 percent to 18.52 billion yuan ($2.81 billion) in 2010 due to solid demand for consumer and corporate loans.
PBOC stresses management of liquidity, social financing
2011-03-29 09:42:37
The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level.
Moody's says China banking system outlook stable
2011-03-29 09:10:07
Moody's Investors Service said Monday the outlook for China's banking system is stable over the next 12 to 18 months, and the country's banks have adequate cushions against rising non-performing loans (NPLs).
China Construction Bank profits rise 26% in 2010
2011-03-28 09:28:00
China Construction Bank (CCB), the country's second largest lender by market value, said Sunday that its net profits rose 26.39 percent year on year to 135 billion yuan ($20.45 billion) last year.
Hua Xia Bank reports 59% surge in net profit
2011-03-26 14:46:34
Hua xia Bank Co Ltd, a Chinese commercial lender, said Saturday that its net profits in 2010 hit 5.99 billion yuan ($907.6 million), representing an increase of 59 percent from the previous year.
HK's new loans approved in February rise 8.2%
2011-03-26 12:49:42
Hong Kong's new loans approved in February rose 8.2 percent to HK$30.3 billion ($3.9 billion), the Hong Kong Monetary Authority announced on Friday.
UnionPay network works well: chairman
2011-03-26 11:11:31
China doesn't need another interbank network for credit cards, said the board chairman of China UnionPay Co Ltd - the country's only credit card network - in response to an anti-monopoly request from the United States to the World Trade Organization (WTO).