State banks may get help from NSSF

2010-04-12 13:38:50

On the premise of investment proportion and investment value, the National Social Security Fund (NSSF) is said considering investing in the refinancing of three State-owned banks this year as well as margin trading.

Regulator to ban lending to speculative home buyers

2010-04-12 11:57:09

China's banking regulator said on Sunday that banks should not extend loans to home buyers who intend to use the money for speculative purposes.

Banking regulator urges cross-border regulation

2010-04-12 11:55:49

China Banking Regulatory Commission (CBRC) Chairman Liu Mingkang urged countries to boost cross-border financial regulation to prevent future crisis.

Banks urged to readjust lending

2010-04-12 09:39:40

BEIJING - As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.

Banks must give risk reports by June: CBRC

2010-04-12 09:36:06

BOAO - China's banking regulator asked the nation's lenders to submit reassessments of their risk exposure by the end of June, said Liu Mingkang, chairman of the China Banking Regulatory Commission.

ICBC lends, donates to fight drought in SW China

2010-04-10 13:30:16

The Industrial and Commercial Bank of China Ltd (ICBC) said it has donated 10.28 million yuan ($1.51 million) to drought-hit areas in southwestern China.  

BoCom VP to take helm soon at Central Huijin

2010-04-10 09:50:26

Bank of Communications (BoCom) Vice-President Peng Chun will soon take the helm of Central Huijin Investment Ltd, the domestic investment arm of the country's $300 billion sovereign wealth fund, people with knowledge of the matter said.

GDB gets shareholders' nod to raise 15b yuan

2010-04-09 15:44:29

Guangdong Development Bank (GDB), which is making preparations for its IPO, on Thursday got shareholders' approval to raise as much as 15 billion yuan ($2.2 billion) by selling additional shares to replenish its core capital, China Business News reported Friday.

Guangdong bank to raise $2b via share issue

2010-04-09 13:56:38

Citigroup controlled Guangdong Development Bank said it will issue up to 15 billion yuan ($2.2 billion) in new shares to boost its capital, becoming the latest Chinese bank to raise funds after an industry-wide lending binge in 2009.

HSBC to add about 19 outlets in China this year

2010-04-09 11:31:13

HSBC, Europe's biggest lender, expects branch growth in China this year to be similar to 2009, as the bank continues to expand in the fast growing region.

Top BoCom exec moves to Chinese State fund

2010-04-09 09:35:17

The No 2 executive of Bank of Communications is moving to a top job at Central Huijin, the domestic arm of China's sovereign wealth fund, five sources close to the situation told Reuters on Thursday.

China pension fund may take part in CCB fundraising: report

2010-04-08 13:31:02

China's National Social Security Fund and Central Huijin Investment Co may take part in China Construction Bank Corp's 45 billion yuan ($6.56 billion) private placement of so-called A-shares, the National Business Daily reported today, citing unidentified people at the bank.