ICBC to raise up to $6.6b in rights issue

2010-07-29 09:19:45

Industrial & Commercial Bank of China plans to raise up to 45 billion yuan ($6.64 billion) through a rights offer.

Banks' hike in transaction fees draws public concern

2010-07-28 17:08:51

Several Chinese commercial banks raised their cross-bank same-city automatic teller machine (ATM) withdrawal fees earlier this month, triggering opposition among bankcard holders.

ADB extends loan to finance projects in China

2010-07-27 17:43:19

The Asian Development Bank (ADB) is extending a $150 million loan to the People's Republic of China to develop three gateway cities in the Guangxi Zhuang autonomous region.

Shanghai warns banks of risky property loans

2010-07-27 17:29:30

The amount of shaky loans in Shanghai continues to grow every month despite new policies released in April designed to curb them, said Yan Qingmin, director of the Shanghai banking regulatory bureau.

Reforms urged in railway financing system

2010-07-27 14:12:28

China's railway sector paid more than 40 billion yuan ($5.9 billion) in interest last year, and the amount may exceed 100 billion yuan, according to a report released by China Minsheng Banking Corp (CMBC) on Monday.

New rule to crack down on credit card cash-outs

2010-07-27 11:57:46

The People's Bank of China (PBOC) will record credit card cash-out cases in the personal credit information system, the China Business News reported Tuesday, citing the central banks' Shanghai headquarters.

Everbright Bank gets IPO nod

2010-07-27 10:08:52

China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said.

China Everbright Bank eyes strategic investors

2010-07-26 13:49:08

China Everbright Bank plans to place out about half of its planned initial public offering to strategic investors, the official Securities Times reported on Saturday.

'Double dip' recession unlikely in H2

2010-07-26 09:19:28

China's economy is unlikely to see a "double dip" in H2, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report.

Concerns over bank shares

2010-07-26 09:12:23

Shares in Chinese banks may face the risk of correction if the lenders fail to deliver consistently strong performances in the second half of the year, analysts said.

Outstanding loans to property market up 40% by end of June

2010-07-24 11:04:27

The People's Bank of China (PBOC) said Friday that total outstanding loans from major financial institutions to the country's property market, as of the end of June, climbed 40.2 percent from one year earlier.

China to float 20b yuan of book-entry t-bonds

2010-07-24 10:50:38

China's Ministry of Finance said Friday it will issue 20 billion yuan ($2.9 billion) of book-entry treasury bonds next Monday.