Bank bonds hit after rate 'shock'

2010-10-28 09:33:46

Bonds of Chinese financial companies have been hit the hardest in the nation's debt market this month, as a surprise interest-rate increase overshadows brighter earnings prospects.

Taiwan banks offered easier way to source RMB banknotes

2010-10-27 17:36:48

The Chinese mainland has authorized its main RMB clearing bank in Hong Kong, the Bank of China Hong Kong Branch, to offer banknotes to Taiwan's commercial banks in Hong Kong, after Taiwan was reportedly short of RMB banknotes.

ANZ Bank takes maximum stake in Shanghai bank

2010-10-27 11:25:24

Australian and New Zealand (ANZ) Banking Group on Wednesday announced to spend A$250 million dollars ($245.7 million) to increase its stake in China's Shanghai Rural Commercial Bank (SRCB).

ABC banks on boom in rural economy

2010-10-27 10:40:02

The fortunes of Agricultural Bank of China (ABC) - the country's biggest rural lender - are becoming increasingly associated with the booming county-level economy of inland China.

Another rate hike likely in China this year: HSBC

2010-10-27 08:56:17

The People's Bank of China (PBOC), China's central bank, is likely to increase the benchmark interest rate by another 25 basis points before the year’s end, said chief economist at HSBC, Qu Hongbin in his latest report.

BoCom to open branch in Vietnam's Ho Chi Minh city

2010-10-26 15:11:39

Bank of Communications (BoCom), China's fifth-largest lender by assets, said Tuesday it has won Vietnamese approval to open a branch in Vietnam's Ho Chi Minh City.

IDB, Eximbank ink deal to boost China-Latin America trade finance

2010-10-23 15:04:45

The Export-Import Bank of China and the Inter-American Development Bank have committed to finance up to $200 million worth of trade activity between China and Latin America and the Caribbean (LAC) region over the next two years, bank sources said Saturday.

ADB's first RMB bond listed on HK

2010-10-23 11:10:06

The first renminbi-denominated bond issued by the Asian Development Bank, worth 1.2 billion yuan ($180 million), debuted on Hong Kong stock exchange on Friday, making it the first publicly-listed bond to be traded and settled in renminbi.

Everbright Bank's profit to rise 50% in 2010

2010-10-22 10:04:40

China Everbright Bank is likely to report an earnings increase of at least 50 percent year-on-year for the full year of 2010, Reuters reported on Friday, citing the Shanghai Securities.

China's Dagong issues 2nd credit rating report

2010-10-21 17:22:52

Dagong Global Credit Rating Co Ltd, a Chinese credit rating institution, Wednesday released its second sovereign or regional credit rating report covering nine countries and regions.

China to float 28b yuan of 5-yr T-bonds this week

2010-10-21 15:01:35

China will float a batch of five-year book-entry treasury bonds with a total face value of 28 billion yuan ($4.2 billion) this week, the Ministry of Finance announced Wednesday.

BOC, Temasek JV to open branches in China -source

2010-10-20 14:15:13

Bank of China and Temasek's banking tie-up will open its first two branches in China in January, a source close to the situation said on Wednesday, boding well for the Singapore state investor to tap strong potential in China's rural areas.