Minsheng down 3.08% on H-share debut

2009-11-27 09:42:49

China Minsheng Banking Corp fell 3.08 percent in its Hong Kong debut on Thursday after raising approximately HK$30 billion in the city's biggest initial public offering since April 2007.

Mainland banks bankroll aircraft purchases

2009-11-27 08:02:40

Chinese banks are expected to become an important source of capital financing for airplane purchases globally in the coming years as they fill a void left by the exit of many US and European banks, a Boeing executive said yesterday.

Banks 'tracking' capital situation

2009-11-26 07:58:26

Chinese lenders are regularly keeping tabs on their capital requirements, and the stock market should not be overly concerned about banks' capital adequacy ratios, a senior official said.

Gindalbie may get funding from CDB

2009-11-26 07:58:26

Western Australian iron ore producer Gindalbie Metals Ltd and Chinese steelmaker Anshan Iron & Steel Group Corp (Angang Group) are planning to invest A$1.8 billion to develop the Karara iron ore mine in Australia and expect to obtain loans amounting to $1.2 billion from China Development Bank by early next year.

Banks asked to avoid big fluctuations in lending

2009-11-24 09:09:15

China's banking regulator on Monday asked the country's commercial banks to better manage risks and avoid year-end volatility in lending.

Malaysia OKs license to China's largest commercial bank

2009-11-21 14:42:47

Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd (ICBC), China's largest commercial bank, the Malaysian central bank said in Kuala Lumpur on Friday.

Listed banks may need 300b yuan in capital

2009-11-21 08:53:27

China's 11 largest publicly-traded banks may need to raise about 300 billion yuan by selling shares and bonds to ensure they have adequate capital for credit growth, according to BNP Paribas.

Banker seems to rule out rate cut

2009-11-21 08:48:45

China's central bank governor, Zhou Xiaochuan, has cautioned that low interest rates, especially deposit rates, would remove pressures that force financial institutions to finance the real economy.

China, Nigeria to enhance bank co-op

2009-11-20 10:04:58

First Bank of Nigeria Plc has expressed the readiness to enhance its banking relations with major Chinese financial institutions, following the approval of the China Banking Regulatory Commission (CBRC) to open a representative office in Beijing.

Minsheng raises $3.88b from public float

2009-11-20 08:08:39

China Minsheng Banking Corp, the nation's first privately owned lender, raised HK$30.1 billion in Hong Kong's biggest public share sale since April 2007, three people familiar with the matter said.

China to crack down on bank card crimes

2009-11-19 10:49:15

The People's Bank of China (PBOC) and the Ministry of Public Security (MPS) have planned a nationwide crackdown on bank card crimes in 2010, the central bank said Wednesday.

Bolivia approves $60m loan with China

2009-11-19 11:47:51

The Bolivian government on Wednesday approved a supreme decree authorizing a contract with the People's Bank of China, China's central bank for a $60 million loan, which will be used to improve Bolivia's hydrocarbons sector.