Chinese banks' forex surplus tops $92b in Q1

2010-06-08 17:07:04

The surplus of Chinese banks' foreign exchange purchases to sales in transactions with clients in the first quarter stood at $92.7 billion, the State Administration of Foreign Exchange (SAFE) announced Tuesday.

PBOC one-year bill yield rises by 8.33 basis points

2010-06-08 14:34:26

The yield on one-year bills issued by China's central bank rose to 2.0929 percent Tuesday, up 8.33 basis points from June 1.

Lenders may raise less from floats

2010-06-08 09:44:06

Agricultural Bank of China Ltd (ABC) and Bank of Communications Co (BoCom) may raise less than estimated in share sales after a slump in stock markets, underscoring the challenges of replenishing capital depleted by record lending.

ABC advised to postpone listing plan

2010-06-07 17:41:40

The Agricultural Bank of China (ABC) is still on a bumpy road with its listing plan, as stakeholders of the bank suggest it not rush ahead, the Century Weekly reported Monday.

Bank of China expects delay in rate hikes: report

2010-06-07 14:40:15

Bank of China's president no longer expects China to raise interest rates soon but instead may hike banks' required reserve rate, the China Securities Journal reported on Monday.

BoCom trims fundraising plan

2010-06-07 11:27:58

Bank of Communications (BoCom) has scaled back its fundraising plan to about 33.1 billion yuan ($4.85 billion), down from the original target of 40.2 billion yuan, the Shanghai Securities News reported Monday.

ABC's IPO share price undecided

2010-06-07 08:56:16

While the Agricultural Bank of China (ABC) prepares for a mega-float in mid July, analysts and bankers close to the listing are saying it is still too early to hazard an intelligent guess at the offering price.

Regulator to review ABC's IPO application

2010-06-05 01:03:14

China Securities Regulatory Commission (CSRC) said on Friday that it would review the application of the initial public offering (IPO) of the Agricultural Bank of China (ABC) on June 9.

CBRC orders trust firms to tighten joint loans

2010-06-04 17:31:37

China’s banking regulator intends to strengthen controls on loans jointly extended by trust companies and commercial banks, which experienced surprising growth in April, the21st Century Business Herald reported Friday.

China Minsheng Banking to sell 5.8b yuan bonds

2010-06-04 16:59:07

China Minsheng Banking Corp plans to sell 5.8 billion yuan ($849 million) of 10-year subordinated bonds with help from Haitong Securities Co, according to a statement posted on the Chinabond website.  

Beijing banks stop mortgage loans to third-home buyers

2010-06-04 14:33:50

Commercial banks in Beijing took a further step in tightening home mortgage loans and stopped lending to third-home purchasers, the Beijing Times reported Friday.  

ICBC says to advance globalization at stable pace

2010-06-03 20:56:42

The Industrial and Commercial Bank of China (ICBC) will use the global economic recovery to advance the globalization process as well as deal with challenges with patience, the ICBC chief said Wednesday.