Bank of China to issue less new loans in 2010

2010-03-09 10:16:23

Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate.

Banks told to refinance

2010-03-08 10:25:15

China's securities regulator Sunday said that it hopes the big banks choose to use their profits to replenish their capital base first.

Minsheng says small is beautiful

2010-03-05 09:06:24

Private lender China Minsheng Banking Corp has decided to shift its lending focus to small enterprises, and no longer considers large enterprises as the main cash cow, Dong Wenbiao, chairman of the bank said on Thursday.

China Eximbank won't seek listing

2010-03-04 15:06:02

Export-Import Bank of China (China Eximbank) will not seek a listing but will remain a policy lender, the bank's chairman Li Ruogu told China Daily on Thursday.

Minsheng rules out loan cuts for developers

2010-03-04 15:03:13

China's Minsheng Bank has no fundraising plans at present and will not cut loans for property developers this year, its chairman Dong Wenbiao told reporters on Thursday.

China Mobile shares may fall on pudong bank stake purchase plan

2010-03-04 10:09:07

China Mobile Ltd shares may fall in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co.

China UnionPay opens card payments business in Brunei

2010-03-03 09:50:36

China UnionPay (CUP), the largest bank card organization in China, Tuesday launched a card payments business in Brunei in an alliance with local bankcard network Baiduri Bank Co.

CDB lending to central SOEs up 48% in 2009

2010-03-03 09:11:46

China Development Bank (CDB) lent 261.3 billion yuan ($38 billion) to country's centrally-administered state-owned enterprises (SOEs) in 2009, up 47.8 percent year-on-year, CDB said in a statement Tuesday.

Bankers brace for bonus cuts

2010-03-03 09:01:43

The banking regulator will soon come out with rules governing the payment system for commercial lenders and may join the global efforts to curb excessive risk-taking by clamping down on bank bonuses.

China credit policies key to handling growth, inflation

2010-03-02 15:05:18

China must find the right balance in lending to ensure steady economic growth while keeping inflationary pressures in check, the country's top banking regulator said in remarks published on Tuesday.

ICBC's NPL ratio in 2009 drops

2010-03-02 08:58:38

The non-performing loans (NPL) ratio of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, stood at 0.56 percent in 2009, down from 2.29 percent the previous year, ICBC said in a statement Monday.

Controls on bank loans raised again

2010-03-01 10:12:19

China's banking regulators may raise large commercial banks' capital adequacy ratio to 11.5 percent from an earlier 11 percent level, people familiar with the matter confirmed.