CCB vice governor resigns
2010-05-13 17:01:00
Fan Yifei, vice governor of China Construction Bank Corp (CCB) has resigned, the CCB said in a statement Wednesday.
China approves 287b yuan bank fundraising
2010-05-13 11:06:01
China's State Council, or Cabinet, has approved refinancing plans for the country's four State-owned listed banks to raise a combined 287 billion yuan ($42.04 billion), the National Business Daily reported today, citing unidentified sources.
China should raise rates - central bank adviser
2010-05-12 16:19:05
China should raise benchmark deposit rates as a defensive move to stabilise inflation expectations, a central bank adviser said in comments published on Wednesday.
New lending surge in April not worrisome
CPI rise may signal bank tightening
Policymakers may opt for balanced approach to combat price rises
Property prices up by 12.8% in April
Twenty-six illegal banks broken up in south China
2010-05-12 11:21:58
Chinese police and finance authorities broke up 26 illegal banks in south China's Guangdong province last month, a police officer said Tuesday.
New lending surge in April not worrisome
2010-05-12 09:32:22
China's new yuan-dominated lending in April rose to 774 billion yuan ($113 billion) from 510.7 billion yuan in March, the People's Bank of China, the central bank, said on Tuesday even as analysts said it was a bit out of expectations.
CPI rise may signal bank tightening
Policymakers may opt for balanced approach to combat price rises
Property prices up by 12.8% in April
CPI rise may signal bank tightening
2010-05-12 09:36:16
April consumer prices rose at the fastest clip in 18 months, which could result in banks' reserve ratio being raised in June and interest rates in the next quarter, analysts said.
Banks can take up to 40% fall in housing prices
2010-05-11 16:35:55
Most commercial banks can endure at most a decline of 40 percent in housing prices, according to a round of stress tests on real estate loans initiated in late April, the 21st Century Business Herald reported Tuesday.
BOC bets on rail link from mines to ports
2010-05-11 09:21:33
Betting on the nation's ongoing railway construction boom, Bank of China (BOC) said it planned to invest 7.5 billion yuan ($1.10 billion) in the operator of a 1,260-kilometer railway link between northern China's major coal mines and port cities.
ABC's IPO first
2010-05-10 17:10:13
Agricultural Bank of China (ABC) planned a simultaneous share float in Shanghai and Hong Kong in July, widely expected to be the biggest IPO in recent times, the Century Weekly reported on Monday, citing several unnamed sources.
Bankcard holders more willing to spend
2010-05-10 09:50:42
Chinese bankcard holders' were increasingly willing to spend in April as optimism about the Chinese economy grew.
BOC, ICBC may make A, H share rights issue
2010-05-08 09:42:55
Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), the country's first- and third-largest lenders by market value, may be considering tweaking their fund-raising plans by offering A- and H-share rights issues instead of convertible bonds in Shanghai, according to sources familiar with the matter on Friday.
New loans set to grow in April
2010-05-08 09:05:49
Despite government calls to tighten mortgage loans, fresh lending in April is likely to pick up from March, leading to a steady growth in credit in the second quarter, analysts said on Friday.