Minsheng Bank Q3 profit up 46% on higher interest income

2010-10-30 13:35:09

China's Minsheng Banking Co said Friday its third-quarter profit climbed 46.48 percent year-on-year to 4.14 billion yuan ($618.76 million) on the back of higher interest income.

China Merchants Bank profit up 57.4% in 1st three quarters

2010-10-30 11:25:00

China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan ($3.07 billion) in the first three quarters from one year earlier.

China CITIC Bank's profit up 48.19% in 1st three quarters

2010-10-30 11:22:37

China CITIC Bank said Friday its profit rose 48.19 percent to 17.42 billion yuan ($2.6 billion) in the first three quarters from one year earlier.

CCB's profit up 28% in 1st three quarters

2010-10-30 11:18:55

China Construction Bank Corp, China's second-largest lender by market value, said Friday its profit in the first three quarters of this year rose 28.41 percent, boosted by rising interest income, commissions and a decline in non-performing loans.

Chinese insurers up joint venture stakes

2010-10-29 13:14:47

An increasing number of joint-venture life insurers are diluting their shares in foreign stocks in favor of domestic ones, banking on local insurers expanding more quickly.

ICBC starts expansion into insurance sector

2010-10-29 09:51:16

Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, will start a major expansion into the insurance sector by buying a 60 percent stake in Paris-based group AXA's China life insurance venture.

China uncovers $7.3b fraudulent FX deals

2010-10-28 17:19:56

China has uncovered 197 fraudulent foreign exchange transactions worth $7.34 billion in a 8-month crackdown on "hot money" flows this year, the foreign exchange regulator said on Thursday.

1.4t yuan loaned to infrastructure sector in Jan-Sept

2010-10-28 16:58:26

More than 1.4 trillion yuan of loans went to the infrastructure sector in the first nine months of this year, according to the People's Bank of China.

Yield on China's newly-issued 10-yr T-bonds rises

2010-10-28 16:08:59

The yield on China's newly-issued 10-year book-entry bonds rose 38 basis points to 3.67 percent Thursday after the People's Bank of China (PBOC), China's central bank, raised interest rates earlier in the month.

China Everbright Bank net profit surges 71% by Q3

2010-10-28 10:46:30

China Everbright Bank, the latest bank to be listed in China, announced Wednesday its net profit in the first three quarters of this year had surged 71.35 percent year on year to 10.06 billion yuan ($1.5 billion).

ABC reports 30% increase in Q3 profit

2010-10-28 10:40:01

The Agricultural Bank of China (ABC), one of the country's "big four" state-owned commercial lenders, said Wednesday that its third-quarter profit rose 29.53 percent from a year earlier to 24.31 billion yuan ($3.63 billion) on the back of higher interest income.

BOC posts 27% rise in profit in first 9 months

2010-10-28 10:22:13

Bank of China, the country's third-largest commercial lender, said Wednesday that its net profit surged 27.48 percent to 82.96 billion yuan ($12.38 billion) in the first three quarters of this year.