AgBank's total IPO may miss ICBC record

2010-06-25 10:56:52

Agricultural Bank of China plans to raise up to $11.4 billion in the Hong Kong leg of its dual-exchange IPO, sources close to the deal said, but its total offering, including a Shanghai listing, may fall short of the record set by Industrial and Commercial Bank of China.

Big local govt debt to dampen banks' profits

2010-06-25 09:35:06

The latent risk embedded in the massive loans borrowed by local government-backed investment entities might dampen the profitability of China's banking sector by 7.9 percent between 2010 and 2012, a government think tank report said.

Central Huijin to sell bonds

2010-06-25 09:21:23

Central Huijin Investment Co will start to sell bonds worth 80 billion yuan ($11.73 billion) as early as next month and will inject the proceeds into two policy-oriented financial institutions, a source close to the matter said on Thursday.

Banks asked to oversee foreign loans

2010-06-24 10:12:03

Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.

ABC may price float at 2.7-3.3 yuan

2010-06-24 09:06:16

Agricultural Bank of China (ABC) may price the Shanghai portion of its mega float between 2.7 yuan and 3.3 yuan per share, sources close to the underwriters for the deal said on Wednesday.
ABC forges ahead with IPO

ABC forges ahead with IPO

2010-06-24 08:57:04

Agricultural Bank of China Ltd and Petroleo Brasileiro SA may hit the market with $50 billion of shares by the end of September after state-backed sales pushed initial public offerings (IPO) in emerging markets above developed nations for a record fifth straight quarter.

China's CCB says Central Huijin to fully participate in rights issue

2010-06-23 10:19:00

China Construction Bank (CCB), one of China's four major State-owned banks, said Tuesday Central Huijin Investment Ltd has promised to fully participate in its rights issue.

China's CCB says parent Huijin backs rights issue

2010-06-22 13:47:11

China Construction Bank, the world's second-largest lender by market value, said on Monday that its State-owned parent Central Huijin would fully participate in its rights issue.

Bank stance to ease inflation risk

2010-06-22 09:46:15

The decision by the People's Bank of China, the central bank, to "further strengthen the formation mechanism of the yuan's exchange rate and increase the flexibility of the currency" on Saturday has aroused worldwide attention.

New loans to high-polluting industries to be banned

2010-06-22 08:55:37

China's banking regulators Monday ordered financial institutions to stop extending new loans to projects already under construction that run foul of the country's policies of eliminating outdated capacities or saving energy and cutting emissions.

AgBank signs deal with 7 investors

2010-06-19 10:56:41

Agricultural Bank of China (AgBank) has reached an agreement with a group of seven investors ahead of its massive initial public offering, sources say.

China to sell 28b yuan of 30-year T-bonds

2010-06-18 17:03:02

China's Ministry of Finance (MOF) said Friday it will sell 28 billion yuan ($4.1 billion) of 30-year book-entry Treasury bonds next week.