Chengdu bank plans Shanghai IPO
2011-06-28 11:05:23
Bank of Chengdu Co Ltd, a Sichuan-based city commercial bank, is planning an IPO on the Shanghai Stock Exchange's A-share market, as it moves to replenish its capital to boost future growth.
China 1-day Shibor rises most in 5 months
2011-06-21 10:47:36
China's one-day Shanghai interbank offered rate, or Shibor, surged the most in five months on speculation cash supplies will become tighter as redemptions of central bank bills decline this week.
Foreign banks allowed to underwrite corporate debt
2011-06-17 10:50:36
The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses.
Focus on guarantee business
2011-06-16 10:13:13
The China Banking Regulatory Commission will require banks to examine their guarantee business throughout July to prevent the risky practices of some guarantee companies from spreading to commercial lenders.
China raises bank reserves to contain inflation
2011-06-14 17:12:08
China's central bank Tuesday lifted the ratio of funds that banks must set aside as reserves by a half point as it attempts to contain rising inflation.
China Everbright Bank plans $6b HK IPO
2011-06-14 16:09:40
Mid-sized lender China Everbright Bank Co Ltd plans to raise about $6 billion in a Hong Kong initial public offering, Asia's biggest so far this year, braving choppy equity markets that have dampened demand for new issuances.
Money growth slows in May
2011-06-14 10:23:10
China's money growth slowed to a 30-month low in May and banks extended fewer new loans than expected as tight monetary policy weighed on bank lending. However, stubborn inflation is expected to persuade the government to keep its foot on the credit brakes.
More fund to be offered to SMEs
2011-06-11 09:50:57
While small and medium-sized enterprises (SMEs) are experiencing difficulty borrowing money from commercial banks, China Merchants Bank Co Ltd is cooperating with private-equity (PE) companies to help alleviate the problem.
CBRC to revise capital adequacy rules
2011-06-10 10:38:55
The China Banking Regulatory Commission (CBRC) on Thursday said it is drafting new regulations concerning capital adequacy ratio (CAR) amid tight capital reserve among banks.
Improved access to loans not a cure-all for small firms
2011-06-09 17:18:47
New government measures that will create more financing opportunities for China's small businesses will provide aid in the short-term, but will not be a complete cure for the problems these companies face, according to some of the country's financial experts.
Banks may see revenue drop
2011-06-09 10:27:29
China's commercial banks are likely to face revenue declines in the second half of this year, assuming that the central bank further tightens monetary policies to tame soaring inflation.
Listed banks' net profits rise 33% in 2010
2011-06-09 09:43:51
The consultancy firm Ernst & Young said on Wednesday that net profits of China's 17 listed banks rose 33 percent year-on-year to 687.3 billion yuan ($104.35 billion) last year.