Huawei's exports to Indonesia gets boost
2010-08-14 13:52:39
Industrial and Commercial Bank of China (ICBC), the country's biggest lender by market value, said Friday it signed an export buyer's credit agreement with Huawei Technologies Co's clients in Indonesia to finance their imports of Huawei's products.
AgBank greenshoe brings $22b IPO record: sources
2010-08-14 09:29:40
Agricultural Bank of China's (AgBank) initial public offering hit a record $22.1 billion on Friday, after it exercised an over-allotment option in full, two banking sources said. Special coverage
ICBC Credit Suisse raises $2b for largest China bond fund
2010-08-13 18:05:36
ICBC Credit Suisse Asset Management Co raised 14 billion yuan ($2.1 billion) to set up China's largest bond fund as investors seek diversification from volatile stocks, according to a person familiar with the matter.
Banks clampdown may trigger bond sales by property firms
2010-08-13 14:49:05
China's order for banks to transfer off-balance-sheet loans may lead to a large amount of bond issuance from real-estate companies, CLSA Asia-Pacific Markets said.
Citic Bank sees capital adequacy challenges ahead
2010-08-13 10:53:47
China Citic Bank Corp said on Thursday that keeping its capital adequacy ratio above the minimum level set by the country's banking regulator will continue to be a challenge in the second half of the year.
CITIC Bank planning $3.8b rights offer
2010-08-12 13:57:18
China CITIC Bank Corp, the banking unit of China's largest investment firm, said it plans to raise as much as 26 billion yuan ($3.8 billion) in a rights offer to strengthen capital and support growth.
BNY Mellon's China JV to double staff by 2011
2010-08-12 13:45:41
BNY Mellon Western Fund Management Co, a Chinese joint venture of the world's largest custody bank, plans to nearly double staff by 2011 after receiving approval to start doing business in China.
Lenders told to account for loans
2010-08-12 10:49:34
China's banking regulator ordered banks to transfer off-balance-sheet loans onto their books and make provisions for those that may default, three people with knowledge of the situation said.
CITIC Bank H1 profit rises 45% to $1.6b
2010-08-12 10:06:32
China CITIC Bank Corp, the banking unit of China’s largest investment firm, reported its first-half profit climbed 45 percent as an economic recovery boosted demand for loans and fee-based services.
Banks give out less new loans in July
2010-08-12 09:14:02
Chinese banks disbursed 532.8 billion yuan ($78.7 billion) as new yuan loans in July, an indication that fresh lending would remain stable and at relatively low levels for the next five months due to the lending curbs and the economic slowdown.
Foreign banks to underwrite more bonds in China
2010-08-11 17:05:54
Foreign banks may be allowed to underwrite a wider range of debt on China's interbank bond market as the nation seeks to develop its financial system, the regulator said.
China Minsheng bank's net profit up 20% in H1
2010-08-11 09:15:13
China Minsheng Banking Corp Ltd, China's seventh largest commercial lender, reported Tuesday its first half net profit rose 20.23 percent to 8.87 billion yuan ($1.3 billion).