Guidance, not control, says central bank's Zhu

2010-02-01 08:00:01

China's central bank stands ready to take more steps this year to ensure rapid lending growth does not cause the economy to overheat, a senior official said Saturday. What's really behind the tightening credit

ICBC may use demand tool to gauge lending pace

2010-01-28 08:11:21

Industrial and Commercial Bank of China (ICBC) yesterday said it has no plans to curb lending due to policy tightening, after posting steady credit growth in January.

ABC float runs into rough weather

2010-01-28 08:11:21

The public float of Agricultural Bank of China (ABC) shares may not materialize this year as differences still persist over the future of the lender's business related to the agriculture sector and farmers, according to a source familiar with the matter.

Shenzhen bank sees net profits up 700%

2010-01-27 13:37:57

Shenzhen Development Bank estimates its net profits in 2009 may surge 700 percent year-on-year to 5 billion yuan ($732.40 million), or 1.6 yuan per share, it forecasts in a filing to the ShenZhen Stock Exchange.

Mortgage loans harder to get after govt policy

2010-01-27 09:55:13

Commercial banks in Beijing are tightening their first apartment loan policy and adopting a stricter qualification check on clients who want to buy a second apartment, insiders said.

ICBC says 2009 profit up 15%

2010-01-27 10:16:46

The Industrial and Commercial Bank of China, the world's largest lender by market value, estimated its net profit in 2009 was up about 15 percent from the previous year.

Central bank urges more loans for rural development

2010-01-25 13:40:35

China's central bank asked the nation's lenders to increase loans for rural development as farmers and rural business still had limited access to financing.

BOC to sell 40b yuan of convertible bonds

2010-01-25 11:49:25

The Bank of China (BOC) board has agreed to sell up to 40 billion yuan ($5.86 billion) of bonds convertible to A shares to improve capital adequacy.

Agricultural Bank of China reports record lending to farmers in 2009

2010-01-21 13:30:51

The Agricultural Bank of China (ABC), one of the country's top four State-owned commercial banks, lent a total of 150 billion yuan ($22 billion) to rural households last year, the bank said on Wednesday.

China gets tough on bank card-related crimes

2010-01-21 13:35:19

China's Ministry of Public Security and the central bank will jointly launch a 10-month nationwide campaign to crack down on bank card-related crimes.

China's home mortgage lending up 48% in 2009

2010-01-21 09:35:39

China's yuan-denominated individual home mortgage lending rose 1.4 trillion yuan ($204.98 billion) in 2009, up 47.9 percent from the previous year, said a report issued by the People's Bank of China.

Lending growth set to be curbed

2010-01-21 09:10:30

The country's banking regulator plans to curb credit growth this year amid rising concerns about asset bubbles in the economy.