AsiaAlum gets biggest loan to private sector
2010-03-27 09:39:31
AsiaAlum Group, one of the world's leading premier aluminum processing companies, on Friday signed an agreement with a bank consortium led by China Construction Bank's Zhaoqing branch for a 6.5 billion yuan ($952 million) loan.
Commonwealth Bank opens first Chinese branch
2010-03-27 09:20:31
Commonwealth Bank of Australia (CBA), the largest lender by market capitalization in Australia, opened its first Chinese branch in Shanghai on Friday, with an eye on the ballooning natural resources trade between the two countries.
Chinese banks have 'solved' capital-raising - CBRC
2010-03-26 16:44:27
Chinese banks have "solved the problem" of how to smoothly raise capital in the markets after a heavy surge in lending last year, top banking regulator Liu Mingkang said. ICBC plans stock, convertible sales to shore up capital
Banks' total new lending may top $117b in Mar
2010-03-26 14:05:03
China's four major commercial banks extended new loans amounting to nearly 200 billion yuan ($29 billion) in the first two weeks of March, and the total new lending this month is likely to reach between 800 billion yuan and 1 trillion yuan, China Securities Journal reported Friday.
ICBC plans stock, convertible sales to shore up capital
2010-03-26 09:21:07
Industrial & Commercial Bank of China Ltd (ICBC) plans to sell stock and as much as 25 billion yuan ($3.7 billion) of convertible bonds to shore up capital eroded by unprecedented lending. China's largest bank scores $19b in net profit for '09
Top Goldman partner Hu may go to PBOC
2010-03-26 09:11:08
High-profile dealmaker and Goldman Sachs top Asian executive Fred (Zuliu) Hu is likely to take up a senior post at China's central bank after formally stepping down from the Wall Street bank in April, people familiar with the matter said.
Banking high flyers sign up to PE in China Deutsche Bank exec eyes ICBC gig
Banks to further rein in new loans in March
2010-03-26 00:32:21
China will see a further slowdown of loan growth in March, which may help tackle the potential asset bubble possibly generated from the excess liquidity in the market.
ICBC still world's most profitable lender in 2009
2010-03-25 17:14:10
The Industrial and Commercial Bank of China, the country's largest bank by market value, said its net profit last year reached 129.4 billion yuan ($18.95 billion) in its annual business report released Thursday.
Central bank issues $23b of three-month bills
2010-03-25 16:28:45
The People's Bank of China, the central bank, on Thursday issued 160 billion yuan ($23 billion) of three-month bills in its regular open market operations, setting a new weekly high for the third week in a row, the China Business News reported.
$18m emergency loans for drought-hit Yunnan
2010-03-25 13:29:00
The China Development Bank (CDB) said Wednesday it had allocated 120 million yuan ($17.58 million) for emergency loans to support the fight against drought in Yunnan province.
BOC senior execs' salaries cut by half in 2009
2010-03-24 17:41:14
Senior executives of Bank of China (BOC), the country's third-largest lender by market value, saw hefty cuts in their salaries in 2009 despite a profitable year, thanks to the government's effort to narrow the wealth gap.
Huijin applies for $50b govt injection-report
2010-03-24 16:06:27
China Central Huijin Investment Ltd, the domestic arm of China's sovereign wealth fund, has applied for a $50 billion cash injection from the Chinese government, the National Business Daily said on Wednesday.