Mainlanders can access UnionPay in HK, Macao

2010-06-11 11:35:31

Visa Inc will allow Chinese holders of dual-currency credit cards that include both of its own and China UnionPay Data Co's pay services to use either service in Hong Kong and Macao, the Southern Metropolis Daily reports.

China's May new lending drops to $93.6b

2010-06-11 10:47:00

China's new yuan-dominated lending in May shrank to 639.4 billion yuan ($93.6 billion) from 774 billion yuan in April, the People's Bank of China, the central bank, said in a statement Friday.

ABC allots 35% of IPO to key investors

2010-06-11 10:28:42

Agricultural Bank of China(ABC) will allocate 35 percent of its around US$20 billion initial public offering(IPO) to cornerstone investors, to reduce pressure on weak stock markets.

ABC to begin road show

2010-06-10 16:07:54

Agricultural Bank of China (ABC) plans to hold its road show in Beijing, Shanghai and Shenzhen to promote its shares to A-share institution investors, starting June 17.

China's central bank injects 166b yuan into market this week

2010-06-10 14:52:14

The People's Bank of China (PBOC), the central bank, injected a total of 166 billion yuan ($24.3 billion) into the market this week through bill issues and repurchase agreements.

Central bank injects $24.3b into market this week

2010-06-10 14:07:26

The People's Bank of China (PBOC), the central bank, injected a total of 166 billion yuan ($24.3 billion) into the market this week through bill issues and repurchase agreements.  

HSBC confident on Shanghai listing

2010-06-10 10:55:53

HSBC Holdings Plc, Europe's biggest bank by market value, expects to raise "a significant amount" of funds through a proposed listing on the planned international board in Shanghai, Chief Executive Officer Michael Geoghegan said on Wednesday.

Agricultural Bank gets CSRC nod for Shanghai, HK floats

2010-06-10 09:25:33

The securities regulator on Wednesday gave the green light to Agricultural Bank of China's (ABC) plans for an initial public offering in Shanghai and Hong Kong. Full Coverage

Securities regulator reviews ABC's IPO plan

2010-06-09 14:19:23

China's securities regulators Wednesday began reviewing Agricultural Bank of China Limited's initial public offering application as the lender finalized preparations for its dual listing in Shanghai and Hong Kong.

ICBC offers $8b in trade finance for small businesses

2010-06-09 09:47:58

Industrial and Commercial Bank of China (ICBC), the nation's largest commercial lender, said on Tuesday it has provided 55.01 billion yuan ($8.09 billion) to assist small businesses during the first four months of this year in a bid to increase foreign trade among these enterprises.

CDB's 2009 net profit surges 54%

2010-06-09 09:55:26

China Development Bank Co said Tuesday its 2009 net profit jumped 54 percent year-on-year on increased lending.

CDB to increase lending to Xinjiang

2010-06-08 21:35:38

President of China Development Bank Corp Chen Yuan said Tuesday the bank will boost lending to northwest China's Xinjiang Uygur autonomous region to strengthen the region's infrastructure and finance its economic development.