ICBC plans to raise $6.64b in rights offer: rpt

2010-07-07 10:52:03

Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, plans to raise as much as 45 billion yuan ($6.6 billion) in a rights offer, Ming Pao Daily News reported yesterday, citing unidentified people close to the deal.

AgBank raises $19.23b in IPO

2010-07-07 09:31:06

The Agricultural Bank of China's initial public offering has raised more than $19 billion in what could turn out to be the largest IPO ever. Full Coverage

China markets brace for AgBank IPO pricing

2010-07-06 15:33:54

Agricultural Bank of China, the country's No 3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer.

China's Huijin to issue 120b yuan bonds

2010-07-06 13:55:36

Central Huijin Investment Co, the domestic arm of China Investment Corp, the country's sovereign wealth fund, plans to issue at least 120 billion yuan ($17.71 billion) in bonds, three sources close to the matter told Reuters on Tuesday. Central Huijin backs BOC's rights issue

Central Huijin backs BOC's rights issue

2010-07-06 09:55:13

Bank of China (BOC), the country's third largest lender, said Monday that Central Huijin Investment Ltd, an arm of China's sovereign wealth fund, would fully participate in its rights issue. BOC to raise up to $8.86b in rights offer

China eases FX rules for banks to venture abroad

2010-07-06 09:14:47

China is relaxing foreign exchange regulations slightly to make it easier for domestic banks to make direct investments overseas.

BOC: New funding to suffice for 3 years

2010-07-05 14:05:51

Bank of China said its bid to raise up to $8.86 billion should give it sufficient capital for the next three years, seeking to ease investor concerns about finances at China's No 4 lender.

ABC's shrinking discount makes IPO harder sell

2010-07-05 11:01:47

Agricultural Bank's valuation discount to its closest rivals has halved in seven trading days, making the world's biggest initial public offering in almost four years less appealing to investors. Full Coverage

ICBC to sell $3.2b subordinated bond as early as August

2010-07-02 13:55:51

Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, plans to sell 22 billion yuan ($3.24 billion) of bonds as soon as next month, according to a person with knowledge of the matter.

UOB invests $202m in China's Evergrowing Bank

2010-07-02 11:14:36

Singapore's third largest lender United Overseas Bank said on Thursday it invested an additional 1.37 billion yuan in China's Evergrowing Bank.

BOC halted in HK after report on stock offer

2010-07-02 10:47:14

Bank of China Ltd shares were halted from trading in Hong Kong after a report the nation's third-largest lender by value plans to raise as much as 60 billion yuan ($8.9 billion) in a stock offering to replenish capital.

China's credit cards maintain low bad debt rates

2010-07-02 10:28:46

China' s credit cards risks remain low as figures show bad debt rates stood at 2.3 percent as of the end of the first quarter, while that for the United States and Singapore were at 9.95 and 4.7 percent, an official with China' s banking regulator told Xinhua Thursday.