ABC may reduce its offering price amid investor jitters
2010-05-21 10:23:18
The Agricultural Bank of China (ABC), the last of the big four State lenders to list, may be forced to lower the price of its massive initial public offering (IPO) after recent market volatility rattled investor confidence, analysts said.
Baoshang demonstrates feasibility of micro lending
2010-05-21 09:52:19
With most Chinese lenders more keen on funding large State-run enterprises or government-backed projects to gain stable returns, hundreds of thousands of small businesses in China have largely been left in the dust by the fast growing financial sector.
China may need rate hike if asset prices rise - ADB
2010-05-20 15:14:41
China has taken appropriate steps to tighten its monetary policy but it may need to raise interest rates if the country's real estate market continues to show signs of overheating, the Asian Development Bank's head said on Thursday.
China Citic hires two firms for 16.5b yuan bonds
2010-05-20 15:03:40
China Citic Bank Corp hired China International Capital Corp and China Securities Co to help it sell 16.5 billion yuan ($2.42 billion) of subordinated bonds, according to a person with direct knowledge of the matter.
ICBC wins nod on 25b yuan bonds issue
2010-05-20 15:10:28
The Industrial and Commercial Bank of China (ICBC), whose new lending has slowed by two-thirds this year, has confirmed it will issue only A-share convertible bonds.
Credit Suisse expands China sales, trading team
2010-05-20 11:42:32
Credit Suisse said on Wednesday it has made eight high-level appointments in fixed income sales and trading for its onshore China business.
Bank of Beijing plans $1.5b subordinated bonds sale
2010-05-20 11:03:58
Bank of Beijing's plan to sell as much as 10 billion yuan ($1.5 billion) of subordinated bonds on the inter-bank market has been approved by its board of directors and will be reviewed by its shareholders, China Business News reported Thursday.
Japanese bank plans first foreign bond sale
2010-05-18 11:35:34
Bank of Tokyo-Mitsubishi UFJ (China) Ltd plans to raise 1 billion yuan ($146 million) from the first local-currency note sale in the mainland by an overseas company.
CDB gives Kenya bank $51m loan
2010-05-18 10:11:05
Kenya's Equity Banksaid on Monday it had signed a 4 billion shilling ($50.82 million) financing agreement with China Development Bank for lending to small and medium businesses.
MUFG unit to sell yuan bond
2010-05-17 15:05:58
A unit of Mitsubishi UFJ Financial Group said on Monday it will issue 1 billion yuan ($146.5 million) in bonds on Thursday, becoming China's first foreign bank to issue yuan-denominated bonds.
32% of retail sales in China done via bankcards
2010-05-13 22:54:14
Bankcard transactions totaled 6.86 trillion yuan in China last year, accounting for 32 percent of the country's total retail sales, the People's Bank of China, the central bank, announced Thursday.
Central bank to end 11-week liquidity reduction
2010-05-13 18:01:41
The People's Bank of China (PBOC) will increase liquidity in the banking system by 152 billion yuan this week, ending the situation that the central bank kept mopping up excess money for 11 weeks straight, the financial website P5w.net reported Thursday.