BOC, Temasek join hands
2010-03-16 09:02:13
Bank of China Ltd (BOC) and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter.
Sky-high salary sparks debate
2010-03-15 17:54:53
The sky-high salary of Frank Newman, chairman of Shenzhen Development Bank (SDB) sparked a debate, International Finance News reported on Monday.
Few banks call off favorable first-home mortgage rate
2010-03-15 16:30:37
After the nation called off favorable policies for buying housing in Beijing, most banks in the capital city are still offering 30 percent discounts to first-home mortgages, Beijing Times reported on March 15.
Guangdong bank aims for IPO next year - source
2010-03-15 14:27:33
China's Guangdong Development Bank, controlled by Citigroup, is drafting plans for an initial public offering that will likely take place next year, a source familiar with the situation said on Monday.
BofA eyes business expansion in China: report
2010-03-15 11:23:18
Bank of America Corp, the largest US bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
Jan-Feb loans hit 28% of yearly target
2010-03-12 15:06:46
The new yuan-denominated loans extended by China's banks in the first two months of 2010 hit 2.09 trillion yuan ($306.17 billion), accounting for 28 percent of the nation's lending target of 7.5 trillion yuan set for this year.
JPMorgan to form China tie-up with First Capital
2010-03-12 11:28:04
JPMorgan Chase & Co will set up a securities joint venture in China with First Capital Securities Co, two people with knowledge of the matter said.
Shenzhen lender net profit up 719%
2010-03-12 10:15:48
Shenzhen Development Bank said its 2009 net profit reached 5.03 billion yuan ($736.9 million), or 1.62 yuan per share, up 719 percent from a year earlier, thanks to a lower provisions for bad loans, rapid lending growth and higher fee income, the bank said in its annual report Thursday.
Bad loans of top 5 banks slightly down
2010-03-12 09:16:15
The non-performing loan (NPL) rate of China's five major banks was down by one percentage point to 1.8 percent from the start of the year, the China Banking Regulatory Commission (CBRC) said Thursday.
Bank of China aims to issue new HK shares soon
2010-03-11 17:12:01
Bank of China wants to issue additional Hong Kong-listed H shares as soon as possible in a follow-on offering equal to 20 percent of its existing H share capital, the chairman of China's fourth-largest lender by assets said on Thursday.
Payment guideline for bankers issued
2010-03-11 10:37:30
China's banking regulator issued a guideline Wednesday requiring the country's commercial bank executives and employees' pay to be based on performance assessment in a move to align the pay system in the sector.
Agricultural Bank plows ahead
2010-03-11 09:19:38
Agricultural Bank of China (ABC) has seen a 26.3 percent surge in its net profit for 2009 as the country's third-largest lender reaped gains from the country's rapid credit expansion and reform of its rural operations, said its chairman Xiang Junbo.