Everbright Bank plans Shanghai share float

2010-07-24 09:58:15

China Everbright Bank Co's public float of 6.1 billion shares in Shanghai will not have drain liquidity from the bourses, analysts said on Friday.

Guangdong Development Bank H1 profit up 79.7%

2010-07-23 13:53:59

Guangdong Development Bank Co's first-half net income rose 79.7 percent to 3.6 billion yuan ($531 million), the China Business News reported today, citing the Chinese lender.

Everbright Bank plans 6.1 billion share IPO

2010-07-23 02:06:39

China Everbright Bank is planning to sell up to 6.1 billion shares in its IPO on the Shanghai A-share market, according to the pre-disclosed IPO prospectus released on the China Securities Regulatory Commission website.
China's Jihua to launch $480m Shanghai IPO

Chinese banks' NPL ratio drops to 1.30%

2010-07-22 16:10:56

The bad loan ratio at Chinese banks fell to 1.30 percent at the end of June, the top banking regulator said on Thursday, marking a slight dip from 1.33 percent at the end of May.

Long march of China's currency yuan

2010-07-22 15:37:05

As the world's third largest economy, China's efforts to maintain a stable yuan during the crisis greatly contributed to sustaining the world economy, analysts said.

CRMC buys 12.8% of ABC H shares

2010-07-22 15:23:34

Capital Research and Management Co has bought up 12.79 percent Agricultural Bank of China (ABC)'s H shares for HK$12.66 billion ($1.63 billion), making it the second-largest holder of the Hong Kong-listed shares.

Chinese bank eyes major stake in Zimbabwean bank

2010-07-22 14:53:18

A Chinese bank is eyeing a major stake in the Infrastructure Development Bank of Zimbabwe (IDBZ), IDBZ public relations officer said Wednesday.

Citigroup cuts China 2010 growth forecast

2010-07-22 13:48:29

Citigroup Inc cut its outlook for China's 2010 economic expansion by a percentage point, while also lowering its full-year global growth forecasts for 2010 and 2011, according to a strategy report.

China should widen yuan's float: PBOC researcher

2010-07-22 11:27:28

China should let the yuan float within a wider range in a gradual process over the next five years, an official at a local branch of the central bank said in comments published on Thursday.

China faces challenges to maintain healthy bank industry

2010-07-21 09:55:28

China faces many challenges in its efforts to maintain the health of the banking industry, including risks from local government financing vehicles, property loans and industrial overcapacity, bank regulator Liu Mingkang said.

CCB to hire 6 banks to manage rights offer: rpt

2010-07-20 15:51:45

China Construction Bank Corp, the nation's second-largest lender, hired six banks to help manage a rights offer to raise as much as 75 billion yuan ($11.1 billion), said four people with knowledge of the matter.

CBRC inks MOU with Indonesia central bank for greater supervision

2010-07-20 10:41:54

The China Banking Regulatory Commission(CBRC), the country's banking regulator, said here Monday that it has signed a memorandum of understanding with Indonesia's central bank, Bank Indonesia, to improve the bilateral supervision of financial transactions.