China may resume lending between banks, trust firms
2010-08-06 09:58:17
China may allow commercial banks and trust companies to resume their financing cooperation after the banking regulator issues detailed rules, the Shanghai Securities News reported Friday, citing an unidentified person familiar with the situation.
Central bank absorbs $295m from market this week
2010-08-05 16:24:58
The People's Bank of China (PBOC), the central bank, auctioned 12 billion yuan ($1.77 billion) of three-month bills in its regular open market operations Thursday at a yield of 1.5704 percent.
China said to test banks for 60% home-price drop
2010-08-05 09:22:42
China's banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling as much as 60 percent in the hardest-hit markets, a person with knowledge of the matter said.
Central Huijin planning bond sales
2010-08-05 09:06:10
Central Huijin Investment Co is planning bond sales of over 190 billion yuan ($28.05 billion) in the next few months and will use the proceeds to fund major commercial lenders and export-oriented financial institutions, sources familiar with the matter said.
Everbright Bank picks strategic investors for IPO
2010-08-04 16:50:01
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover.
New lending may reach 700b yuan in July
2010-08-03 17:09:27
China's newly increased loans are expected to reach 700 billion yuan in July, Shanghai Securities News reported today, citing an industry insider.
PBOC's explanation weakens yuan appreciation expectations
2010-08-03 16:43:25
Since China's central bank announced the further reform of the yuan exchange rate system on June 19, yuan appreciation expectations have eased despite the relatively larger fluctuations in the first and second week thereafter and based on the greater two-way volatility in the recent weeks.
China's central bank sells 18b yuan of 1-yr bills
2010-08-03 16:14:54
The People's Bank of China, or the central bank, auctioned 18 billion yuan ($2.66 billion) of one-year bills at its regular open market operations Tuesday.
CCB's rights issue plan nodded
2010-07-31 11:58:37
China Construction Bank, China's second-largest lender, Friday said its rights issue plan had been approved in principle by the China Banking Regulatory Commission.
China's ship-financing drive hindered by tax rules: BoCom
2010-07-30 10:53:29
Chinese lenders' attempts to expand financing for ships are being held back by tax regulations and a lack of expertise, according to Bank of Communications Co.
ABC in full exercise of over-allotment option
2010-07-29 13:57:54
China's Agricultural Bank announced Thursday the over-allotment option for its global offering has been exercised in full by the joint bookrunners on behalf of the international underwriters on the day.
Everbright Bank to list in Shanghai on Aug 18
2010-07-29 10:38:18
China Everbright Bank will list on the Shanghai stock exchange on Aug 18, and will soon release its prospectus for an IPO slated to raise up to $2.9 billion.