MOF may inject money into BoCom
2010-02-05 10:02:09
Bank of Communications (BoCom) is likely to get a capital infusion from the Ministry of Finance through a planned new share issue, sources close to the ministry said yesterday.
Everbright Bank reports slight increase in 2009 profit
2010-02-04 14:05:05
Net profits of China Everbright Bank (CEB) rose 280 million yuan ($41.1 million) last year to hit 7.6 billion yuan, announced the Beijing-based bank Wednesday.
MOF to inject capital into Bank of Communications
2010-02-04 13:47:45
The Ministry of Finance is considering injecting capital into the Bank of Communications through directional add-issuance, but the amount of the injection is not yet known, the China Business News (CBN) reported, citing an industry insider who declined to reveal his name.
DBS considering yuan bond float
2010-02-04 10:39:54
Singapore-based DBS Group Holdings Ltd said yesterday that it has started preparatory work for issuing yuan-denominated bonds in China and would communicate with regulators and investors in due time.
Bank of China tightens mortgage loans
2010-02-04 02:32:07
Bank of China (BOC) has decided to cut discounts that home buyers can get on interest of mortgage loans, a source with the bank's Shanghai branch told Xinhua on Wednesday.
Chinese banks to fuel M&As in financial sector
2010-02-03 08:03:52
Chinese banks are expected to fuel growth in Asian financial service mergers and acquisitions (M&A) this year, but could face pricing pressure due to stronger competition between prospective buyers, M&A experts said yesterday.
Big lenders get ready for Huijin boost
2010-02-03 08:03:52
Central Huijin Investment Co, the investment arm of China Investment Corporation, may increase its holdings in the country's three major State-run lenders after their new share sales get regulatory approval, a source close to the matter said yesterday.
Sovereign wealth fund may step up disbursals for third-party fund managers
HK's negative-equity mortgages drop
2010-02-02 13:53:16
The estimated number of residential mortgage loans in negative equity fell to 466 cases at the end of December in 2009 from 835 at the end of September, the Monetary Authority of Hong Kong announced on Monday.
Banks to loosen grip on loans
2010-02-02 11:47:45
The head offices of China's commercial banks approved to loosen the flow of credit on February 1 again after tightening it in late January, the National Business Daily (NBD) reported today.
Insurers set to post rosy '09 returns
2010-02-02 08:06:07
China's insurance sector may offer good opportunities for investors this year after shares of listed insurers tumbled recently, and industry profitability is expected to strengthen on higher bond yields and faster premium income growth.
ICBC extends $16b of new loans in January
2010-02-02 10:04:11
The Industrial and Commercial Bank of China said Monday it extended 110 billion yuan ($16.1 billion) of new loans in January.
What's really behind the tightening credit
2010-02-01 08:00:01
Behind all the confusing news reports and questions about bank lending and a credit freeze, we think what markets are really worried about are the fundamentals of growth and inflation.