ICBC says first half profits up 27% on loan surge
2010-08-27 09:34:52
Industrial and Commercial Bank of China (ICBC), the world's largest commercial lender by market value, Thursday reported first-half profits rose 27.3 percent year on year, boosted by increase of loans and fee revenues from financial services.
Lenders to closely monitor property loans
2010-08-27 09:32:41
State-owned Chinese banks on Thursday said they have not suspended lending to realtors, but would monitor such exposure closely to avoid future problems.
Agricultural Bank stops lending to developers
2010-08-26 17:41:35
Agricultural Bank of China Ltd has frozen lending to property developers as it reviews outstanding loans to the industry, Bloomberg reported Wednesday, citing two people with knowledge of the matter.
ICBC to raise 25b yuan in convertible bonds
2010-08-26 17:13:23
Industrial and Commercial Bank of China (ICBC) said Thursday it is to issue 25 billion yuan ($3.68 billion) of convertible bonds next Tuesday.
Local debts controllable, but scale still unclear
2010-08-26 14:27:26
Chinese bank loans to local government-backed investment units are controllable, according to the interim results of listed banks, but the scale of these local financing platforms are still unclear, the National Business Daily reported today.
Banks set to report robust profit growth
2010-08-26 14:11:01
Industrial & Commercial Bank of China Ltd (ICBC) and Bank of China Ltd may report profit growth of at least 15 percent on Thursday, helping bolster confidence in the country's banks amid tighter government scrutiny of lending.
Ping An may get 1.64b Shenzhen Bank shares
2010-08-26 13:31:14
Ping An Bank, the banking unit of Ping An Insurance Co of China will be merged into Shenzhen Development Bank Co, at 1.8 times its book value, the Oriental Morning Post reported on Wednesday, citing an unnamed banking source.
CDB launches securities unit
2010-08-26 10:42:10
China Development Bank (CDB), one of China's main policy banks, launched its securities unit CDB Securities on Wednesday with registered capital of 2.37 billion yuan ($350 million).
Foreign lenders keen on yuan bonds
2010-08-25 11:21:40
Citigroup Inc, HSBC Holdings Plc, Standard Chartered Plc and CIMB Group Holdings Bhd plan to apply to invest in yuan bonds following the People's Bank of China (PBOC) decision to open up its interbank debt market.
China starts selling $2.87b of 3-yr local govt bonds
2010-08-24 17:36:50
China began selling 19.5 billion yuan ($2.87 billion) of three-year local government bonds on Tuesday, the sixth sale of such bonds this year.
China's central bank issues 24b yuan 1-yr bills
2010-08-24 16:43:52
The People's Bank of China (PBOC), China's central bank, issued 24 billion yuan ($3.53 billion) of one-year bills at its regular open market operations Tuesday at a yield of 2.0929 percent.
CCB downplays default risks
2010-08-24 10:42:27
The chairman of China Construction Bank (CCB) said on Monday that the default risk for local government-backed financing vehicles is low as most loans are backed by collateral and ample bad loan provisions are already in place.