AgriBank gains 2.2% in HK debut
2010-07-15 09:48:27
Agricultural Bank of China Ltd rose 2.2 percent on its debut in Hong Kong, after posting the smallest first-day gain among major rivals in Shanghai yesterday following a $19.2 billion initial stock sale.
ABC says HK IPO 5.87 times oversubscribed
ABC shares make a modest debut in Shanghai
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Banks' provision coverage rises to 186%
2010-07-14 17:23:17
The provision coverage ratio of China's commercial banks reached 186 percent by the end of June, up 7.8 percentage points from the end of May and 51.7 percentage points from a year ago, according to data released by China's top banking regulator Wednesday.
ICBC to buy 70% of AXA-Minmetals
2010-07-14 09:52:15
Industrial and Commercial Bank of China aims to acquire a controlling stake in French insurer AXA's Chinese insurance unit, the Securities News reported on Wednesday.
ABC projects stable costs, higher revenues on eve of listing
2010-07-13 11:15:20
Agricultural Bank of China (ABC) has the potential for bigger profits in the coming years, mainly from its brisk intermediary business, improving asset quality and better cost controls, said ABC's management in the road show.
Agbank profit up 40% to 46b yuan
2010-07-13 10:09:01
Agricultural Bank of China saw net profit rise 40 percent in the first half of the year to 46 billion yuan ($6.8 billion), the Shanghai Securities News reported on Tuesday.
PBOC to deposit 30b yuan at commercial lenders
2010-07-12 16:31:25
China's central bank will deposit 30 billion yuan ($4.43 billion) with commercial lenders for six months from July 15, according to a statement posted to the People's Bank of China's website.
Funds outstanding for FX grow at a slower pace
2010-07-12 16:30:08
The growth in the funds outstanding for foreign exchange continued to slow down in June following a sharp fall in May, indicating that international speculative money is withdrawing from the country before they make a comeback, the China Business News reported Monday, citing data from the People's Bank of China (PBOC).
Banks' bad loans may surge in '12, survey says
2010-07-12 16:10:44
Non-performing loans from infrastructure construction may surge around 2012 after a lending binge that started in 2009 and continued into the first half of this year, reported Beijing-based International Finance News, citing a latest market survey and central bank statistics.
CDB can sell risk-free bonds to end 2011: rpt
2010-07-12 15:46:04
China's banking regulator has extended a deadline that allows commercial lender China Development Bank to sell risk-free bonds until the end of 2011, two people familiar with the situation said on Monday.
ABC IPO lifts core CAR, challenges remain: Moody's
2010-07-12 14:22:58
Core capital adequacy ratio of Agricultural Bank of China is expected to rise beyond 10 percent after collecting more than $22 billion via a dual listing later this week, Moody's said in a report on Monday.
Banks resume loans to 3rd-time homebuyers in Shanghai
2010-07-09 15:31:48
Several banks in Shanghai have resumed lending to third-time homebuyers and loosened criteria on identifying second-time housing purchases amid a sluggish housing market, the local newspaper Oriental Morning Post reported.
China considers allowing private corporate bond issues
2010-07-09 14:02:28
China is considering allowing non-finance corporates to sell bonds privately to investors, local media reported on Friday, citing unidentified sources at the National Association of Financial Market Institutional Investors.