China acts to cool credit expansion
2010-05-03 09:14:09
China ordered banks to set aside more deposits as reserves for the third time this year to cool a record credit expansion that has sparked the risk of asset bubbles in the world's third-largest economy.
CMB looks further abroad
2010-05-03 09:11:41
Ma Weihua, president and CEO of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States.
CCB says to raise 75b yuan in rights issue
2010-04-30 10:44:00
China Construction Bank, one of the country's four State-owned major banks, said Thursday it would aim to raise 75 billion yuan ($11 billion) through a rights issue.
China urges banks to broaden profit channels
2010-04-29 16:56:40
Chinese banks must develop new revenue streams because they can no longer rely on plump net interest margins for their profits, the country's chief banking regulator said on Thursday.
China Merchants Bank Q1 net profit up 40.42% on interest income
2010-04-29 10:01:48
China Merchants Bank, the country's sixth largest lender, said late Wednesday its net profit jumped 40.42 percent year-on-year to 5.91 billion yuan ($865 million) in the first three months of 2010.
Rising interest margins to aid bank profits
2010-04-29 09:46:50
Despite concerns over the downside risks of the government clampdown on the property market, analysts said Chinese lenders are likely to maintain stable profits this year on growing interest margins.
Small banks offering microloans
2010-04-28 16:34:57
More than 1,000 small banks in China's townships offer microloans to small enterprises that used to be funded by pawn shops.
BOC enjoys leap in first-quarter profit
2010-04-28 09:43:46
Bank of China Ltd, the nation's third-largest lender by market value, said first-quarter profit rose 41 percent, aided by rising demand for loans and fee-based services.
China lowers bill yields for 1st time in 15 months
2010-04-23 09:56:05
China's central bank sold bills at a lower yield for the first time in 15 months, as a crackdown on property lending left the nation's banks with surplus cash.
Chinese banks to test quarterly on property loans BoCom's mortgage loan volume down on curbs
Mortgage loan volume declines: BoCom
2010-04-22 13:54:38
Bank of Communications Ltd, China's fourth-largest publicly traded lender, said it made fewer mortgage loans in February and March as it reins in lending and the government seeks to curb property speculation.
ICBC says it obtains all necessary approval to acquire Thai bank
2010-04-22 11:11:13
The Chinese bank ICBC, the world's largest bank by market value, said Wednesday that it had obtained all the necessary governmental and regulatory approvals to complete the acquisition of all issued shares of Thailand's ACL Bank.
Goldman probe may boost China, India bank stocks
2010-04-22 10:10:53
Bank shares in countries such as China and India may extend their advantage amid fraud probes of Goldman Sachs Group Inc.