China Everbright Bank's IPO shines

2010-08-23 15:07:29

China Everbright Bank launched its long-planned initial public offering (IPO) on Aug 18, the nation's second-largest IPO this year.

Boutique investment banks rising

2010-08-23 11:20:06

In China's multi-billion-dollar mergers and acquisitions (M&A) market, the big domestic investment banks such as the China International Capital Corporation and foreign giants including Goldman Sachs are no longer the only market-makers.

China Construction Bank H1 net profit soars 27%

2010-08-23 09:39:20

China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan ($10.4 billion) from a year earlier and its non-performing loan (NPL) ratio dropped to 1.22 percent.

Huijin to inject 88b yuan in Exim Bank, Sinosure

2010-08-20 15:34:03

Central Huijin Investment Co, the domestic arm of China Investment Corp, will inject 88 billion yuan in the Export-Import Bank of China and China Export and Credit Insurance Corp.

Third-home loans stopped in Shanghai

2010-08-20 14:18:14

Shanghai's housing fund has stopped loans for third-home buyers, following cities like Beijing and Tianjin, which already adopted such measures in May, the Oriental Morning Post reported Friday, citing sources.

China Merchants Bank posts 13b yuan profits in H1

2010-08-19 16:37:06

China Merchants Bank, the nation's sixth-largest lender by assets, said Wednesday that its first half net profit jumped 59.80 percent year-on-year to 13.20 billion yuan, because incomes from interest and commission fees surged.

BoCom reports 30% increase in H1 profits

2010-08-19 14:18:08

Bank of Communications, China's fifth largest lender, said Wednesday that its net profit for the first half of the year rose 30.08 percent from one year earlier to 20.36 billion yuan ($2.99 billion).

Everbright shares shine in Shanghai

2010-08-19 08:14:07

China Everbright Bank Co shares rose 18 percent on their debut in Shanghai after completing the nation's second-largest initial public offering this year, as the stock market recovers from a three-month slump.

Everbright Bank shares up 18% on 1st trading day

2010-08-18 18:17:55

China Everbright Bank's shares rose 18.06 percent at close after their debut in Shanghai on Wednesday, a better-than-expected performance for the roughly $3 billion IPO that underlines continued interest in banking stocks.

HK's credit-card receivables up 4.1% in Q2

2010-08-17 10:42:16

Hong Kong's total credit-card receivables rose 4.1 percent, or by HK$2.9 billion ($373 million), in the year's second quarter to HK$74.5 billion.

China researcher sees 2010 loans exceeding govt target

2010-08-16 15:35:47

China's new banking lending this year may exceed the government's 7.5 trillion yuan target, state broadcaster China Central Television reported, citing Yuan Gangming, a researcher at the Chinese Academy of Social Sciences.

Critical week for ABC shares

2010-08-16 07:58:02

Shares of the Agricultural Bank of China (ABC), which successfully claimed the title of the world's largest initial public offering (IPO), will face a major test in the market in the coming week after it exercised the over-allotment option to help limit price volatility.