Buy or sell-China banks: good time deposits or ticking bombs?

2010-05-06 17:28:23

Chinese banks, despite reporting record earnings last month, have had a rocky ride on the Shanghai and Hong Kong stock markets lately, as investors balk at their plans to raise billions to shore up balance sheets after a 2009 lending binge.

Hua Xia Bank shares drop by daily limit

2010-05-06 15:38:59

Hua Xia Bank Co's shares dived by the 10-percent daily limit Thursday after the bank said it will raise 20.8 billion yuan ($3.05 billion) through a private share replacement.

Three banks approved to set up financial leasing companies

2010-05-06 14:52:01

Agricultural Bank of China, Industrial and Commercial Bank of China, and China Everbright Bank have already been approved to set up financial leasing companies, the National Business Daily reported.

PwC poll: Local banks pose stiffer competition

2010-05-06 10:15:31

Foreign banks operating in China see rosy prospects for their growth in the country, but admitted Chinese lenders are rising into "formidable competitors" to challenge their expansion, consultancy and audit company, PricewaterhouseCoopers (PwC) said on Wednesday.

Hua Xia to raise 20.8b yuan via share placement

2010-05-06 10:23:31

China's Hua Xia Bank said on Thursday it planned to raise up to 20.8 billion yuan ($3.05 billion) via a private share placement in which state-owned steel mill Shougang would leapfrog Deutsche Bank as the biggest shareholder.

China Everbright Bank may float in June

2010-05-05 17:43:40

China Everbright Bank Co reignite its IPO (Initial public offering) dream in Shanghai, and date is likely to be before the end of June, ahead of that of Agricultural Bank of China, according to media reports Wednesday

State-owned banks enjoy high lending ability

2010-05-05 14:26:14

While joint-equity banks struggle in tight boxes, State-owned commercial banks still enjoy strong lending ability, National Business Daily reported today.

Two China banks may tweak fund-raising plans

2010-05-05 12:14:52

Industrial and Commercial Bank of China are likely to revise their fund-raising plans by offering rights issues in Shanghai and Hong Kong rather than selling shares and convertible bonds, the 21st Century Business Herald reported on Wednesday.

Ping An gets regulatory approval on Shenzhen bank deal

2010-05-05 11:59:21

Ping An Insurance (Group) Co of China said it had received approval from China Securities Regulatory Commission (CSRC) on its plan to issue H-shares in exchange for shares in Shenzhen Development Bank.

Agricultural Bank set for date with bourses

2010-05-05 09:11:26

Agricultural Bank of China (ABC) has started to speed up its listing process by seeking approval from the bourses for its initial public offering (IPO), sources close to the matter said on Tuesday.

Minsheng Banking tops execs' pay list

2010-05-04 13:58:42

China Minsheng Banking Corp, the mainland's first privately owned lender, paid 70.4 million yuan ($10.3 million) in salaries to its senior executives in 2009, the highest amount among all 14 listed Chinese banks, the Beijing-based Investor Journal reported Tuesday.

China ABC to apply for $30b IPO this week -sources

2010-05-04 10:07:02

Agricultural Bank of China (ABC), the smallest of the country's Big Four banks, will apply this week for a massive $30 billion IPO, racing with rivals to raise funds as Beijing mops up excess cash from the economy.