Merchants Securities makes weak debut

2009-11-18 07:58:13

China Merchants Securities rose 8.42 percent on its debut at the Shanghai stock exchange yesterday, the weakest opening in three years on the domestic bourse.

BOC, ICBC considering branches in Taiwan

2009-11-18 07:58:13

BOC and ICBC are vying to be the first of the mainland's lenders to open branches in Taiwan after the two sides agreed to widen access to each other's financial industries.

Record lending not to increase bad debt

2009-11-14 10:07:48

Industrial & Commercial Bank of China Ltd (ICBC) Chairman Jiang Jianqing said this year's record lending won't lead to an increase in bad debts in 2010, and predicted loan profitability among Chinese banks will improve.

China not to let yuan gain in short term

2009-11-13 09:31:26

China would not let the yuan gain against the US dollar in the short term, experts said in Beijing Thursday when commenting on the latest quarterly report of China's central bank.

Yuan, trade risks loom over economy

2009-11-13 08:52:13

Premier Wen Jiabao said yesterday that the world faces a gradual and bumpy recovery in the wake of the world's worst financial crisis since the 1930s.

CCB in talks to buy Taifook

2009-11-13 08:57:48

China Construction Bank, the nation's second largest lender, is in talks to buy control of Taifook Securities, a source close to the deal said yesterday.

Central bank stresses inflation management amid credit boom

2009-11-12 08:54:41

China's central bank said on Wednesday that it will step up efforts to balance inflation perception and economic growth as it will continue to implement the relatively easy monetary policy.

Eximbank may get capital shot soon

2009-11-12 08:55:56

China Eximbank may get a capital boost from the government as early as January next year to help kickstart its restructuring process, sources said yesterday.

CDB opens first Egypt office

2009-11-12 18:04:12

China Development Bank (CDB), the State-run bank for public works projects, opened its first representative office in Egypt's capital Cairo Tuesday after more than one year of preparations, the 21st Century Business Herald reported Thursday.

More Asia-Pacific bankers rely on performance-based salaries

2009-11-09 07:46:35

As the crackdown on bank bonuses gains momentum globally, a recent survey reported that Asian bankers might be taking home less pay in a system that relies more on performance-based remuneration.

Bank of China chairman warns fellow lenders

2009-11-09 07:46:35

A top Chinese banker warned domestic banks to control the pace of lending flowing to infrastructure projects backed by local governments, citing concerns about the safety of massive loans being poured into public works construction projects nationwide this year.

China to tighten risk of city commercial banks: report

2009-11-06 16:56:47

China's banking regulatory body has asked city commercial banks, among the biggest issuers of loans in recent months, to further control credit risks, the China Securities Journal said on Friday.