Banking sector's profitability to grow despite tighter credit
2010-03-24 15:05:01
Chinese banking industry's overall profitability will increase by more than 20 percent this year, driven by interest-earning assets, especially loans.
Change in Fed policy unlikely in the short term
2010-03-24 10:39:48
Analysts said that China's central bank, regardless of hot money inflow concerns, will be unmoved by US decisions, and raise the interest rate this year before the US given China's mounting inflation risks.
Bank of China FY profit at 81b yuan
2010-03-24 10:12:54
Chinese banks are likely to maintain their position as the world's most profitable lenders, as record lending last year helped bolster the world's third-largest economy amid the financial crisis, strengthening their profitability.
City lender looking for foreign investors
2010-03-24 10:17:28
Zhanjiang Commercial Bank, ranked 20th among city commercial banks in 2008 by comprehensive competitive strength, plans to offer some of its shares to a foreign bank next year to fuel its expansion.
Chinese companies launch credit card services in Frankfurt
2010-03-23 12:52:11
China's largest commercial bank ICBC and China's bankcard association, China UnionPay (CUP) jointly launched credit card services in Frankfurt on Monday.
BOC to sell 40b yuan convertible bonds
2010-03-22 11:47:25
Bank of China (BOC) said in a March 20 statement that its shareholders have given the go-ahead to its plan to sell convertible bonds (CBs) of up to 40 billion yuan, China Business News reported Monday.
More yuan appreciation stress tests expected
2010-03-18 17:20:26
China will conduct a new round of stress tests late March to see how much yuan appreciation domestic and foreign comapnies in Shanghai and the provinces of Guangdong, Zhejiang and Jiangsu and can withstand.
Lenders offer 135b yuan of credit to SOEs
2010-03-18 13:38:43
Several State-owned enterprises (SOEs) have accumulatively received 135 billion yuan ($19.78 billion) credit quota from banks in a week, contributing to their lavish purchase of "land kings", said a Securities Times report on March 18.
HSBC ready for float in Shanghai: CEO
2010-03-18 09:19:38
HSBC Holdings Plc, Europe's biggest bank by market value, is ready to list its shares on the proposed international board in Shanghai, Chief Executive Officer Michael Geoghegan said on Wednesday.
HSBC profits come in shy of market estimates
HSBC eyeing strong China, India markets
Deutsche Bank exec eyes ICBC gig
2010-03-17 09:53:11
One of Deutsche Bank AG's top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd (ICBC), the world's largest lender by market value, said people with knowledge of the matter.
City lenders on fundraising trail
2010-03-16 09:16:02
City banks may introduce more strategic investors or raise funds from the capital markets through initial public offerings to better manage their loan concentration and credit risks, sources familiar with the matter told China Daily on Monday.
Guangdong bank aims for IPO next year - source
Bank of China aims to issue new HK shares soon
Agricultural Bank plows ahead
Banks may have role in futures settlement
2010-03-16 09:12:46
The nation's top banking regulator said on Monday Chinese banks' involvement in the settlement of stock index futures remains under discussion, but sources indicated that banks are unlikely to participate in such settlement at the initial stage.