7 Ping An execs join SDB board

2010-06-18 16:49:15

The Shenzhen Development Bank's (SDB) annual shareholders meeting has approved seven high-level executives from Ping An Insurance (Group) Co of China to be named as directors of the bank,the China Business News reported on Friday.

PBOC's 190b yuan net injection indicates tight liquidity

2010-06-18 14:16:29

The People's Bank of China (PBOC) added a net 190 billion yuan ($27.82 billion) through open-market operations this week, suggesting a shortage of cash at banks, the Oriental Morning Post reported Friday.

ICBC not delaying bond issue, eyeing Sept

2010-06-18 14:11:57

Industrial and Commercial Bank of China, the world's largest bank by market value, is sticking to its capital-raising plan, two sources close to the deal said on Friday.

ICBC sells 18,000 tickets for Guangzhou Asian games

2010-06-18 13:55:39

The Industrial and Commercial Bank of China (ICBC), the country's largest bank, said Thursday its 400 branches nationwide have helped organizer of the 16th Asian Games sell nearly 18,000 tickets so far.

ABC joins hands with Standard Chartered

2010-06-18 09:09:25

Agricultural Bank of China (ABC), battling a market slump ahead of its mega float, signed a strategic alliance with Standard Chartered Bank on Thursday to explore joint business opportunities. Full Coverage

Rural banking threshold lowered for private capital

2010-06-17 17:37:23

Private capital may acquire the qualification to become a main sponsor of rural banks, changing the current rule that a village or county-level bank must have a bank as its main sponsor and largest shareholder.

HSBC eyes China growth, 2010 IPO unlikely

2010-06-17 15:17:09

HSBC Holdings will grow in profit and size in China as the powerhouse economy further opens up its capital markets and fuels growth, the group's chairman told Reuters in an interview on Wednesday.

ABC starts its A-share IPO road show

2010-06-17 12:02:08

The Agricultural Bank of China (ABC) on Thursday kicked off a road show and preliminary price inquiry in Beijing for its initial public offering (IPO) on the Shanghai bourse before a planned listing on July 15, according to the bank's prospectus.

ABC to launch Shanghai IPO this week

2010-06-17 11:55:34

Agricultural Bank of China (ABC) seeking to raise more than $23 billion in what would be the world's biggest initial public offering, said it will launch the Shanghai portion of its IPO this week.

China Central Bank names Du as deputy governor

2010-06-17 10:29:08

The Chinese central bank named Du Jinfu as deputy governor, according to a posting on the People's Bank of China website.

New card system just the ticket for paying traffic fines

2010-06-16 08:01:25

Beijing motorists who break traffic rules will soon be able to pay their fines on the spot.

China UnionPay cards accepted in more Canadian ATMs

2010-06-16 09:19:07

China's bankcard association, China UnionPay (CUP), announced Tuesday that all 2,600 ATM machines of Canada' s Scotiabank have begun accepting CUP cards in Canada.