China repo rate surges to 19-month high
2010-06-01 16:01:36
China's benchmark 7-day repo rate surged to a 19-month high on Tuesday owing to a tightness in the cash market that traders attributed to a variety of factors, including fund-raising by some lenders and higher investments in better yielding central bank bills.
ABC insists on simultaneous dual IPO
2010-06-01 13:09:57
The Agricultural Bank of China (ABC) is still insisting on a simultaneous dual listing in Hong Kong and Shanghai in July, even though some don't believe that recent market conditions were favorable for the IPO, caing.com reported Monday. Mideast sovereign funds eye AgBank IPO
Mideast sovereign funds eye AgBank IPO
2010-06-01 11:41:13
Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its initial public offering (IPO) in Shanghai and Hong Kong this year, the China Business News reported Monday.
Benchmark may rise to most in 19 months
2010-06-01 10:09:41
China's benchmark money-market rate may climb to a 19-month high as lenders set aside more reserves and demand for the biggest share offering in 2010 drains funds, according to Deutsche Bank AG.
Bank of East Asia to issue up to 5b yuan in bonds: sources
2010-05-31 16:31:12
Bank of East Asia's China subsidiary is planning to issue as much as 5 billion yuan ($732 million) worth of bonds, the second yuan bond to be issued by a foreign company in China, three people familiar with the matter said today.
Banks running out of lending quota
2010-05-31 15:46:28
Some Chinese banks have used up their lending quota and may turn to raising interest rates to secure future lending, the Shanghai-based Orient Morning Post said on Monday.
Banks suspend trust loans to local govt finances
2010-05-31 15:30:36
Most commercial banks in China have suspended issuing trust loans to local government finance platforms, following the governmentâs orders to review investment agencies run by local government and control banks' lending risk, according to media reports.
Minsheng Bank gets nod for subordinated bond issue
2010-05-29 15:51:24
China Minsheng Banking Corp said Saturday it had received regulatory approval to sell 5.8 billion yuan ($849 million) of subordinated bonds on the domestic interbank market to replenish its capital reserves.
PetroChina to be ABC strategic investor
2010-05-28 14:00:29
Agricultural Bank of China is set to bring on board PetroChina, the country's biggest oil and gas producer, as one of its strategic investors for its long-awaited initial public offering, local media reported.
ABC listing may be cleared in early June
2010-05-28 13:58:55
Agricultural Bank of China(ABC) is expected to get regulatory approval in early June for its planned $30 billion IPO in Shanghai and Hong Kong, the China Business News reported Friday, citing a banking source.
Bank of China to push ahead with fundraising
2010-05-28 13:46:55
Bank of China, the country's No 3 lender by assets, wants to issue convertible bonds as soon as it can, it said on Thursday, as part of a broader effort by Chinese banks to raise funds to replenish their coffers after a lending spree in 2009.
China CICC plans $300m private equity fund
2010-05-28 11:04:32
China International Capital Corp, the country's biggest investment bank, is planning to raise a $300 million fund in September, stepping up its efforts to tap into China's lucrative private equity sector.