Ping An gets nod for Shenzhen bank purchase
2010-02-27 13:51:53
In what might be the biggest acquisition in China, Ping An Insurance (Group) Company won approval from the State Council, China's cabinet, for acquisition of Shenzhen Development Bank (SDB), the Economic Observer reported.
China to help develop rural financial institutions
2010-02-27 10:26:01
The China Banking Regulatory Commission (CBRC), the banking regulator, said Friday it would introduce four measures to facilitate the development of rural financial institutions.
Bank 'selling stake' to China Mobile
2010-02-27 09:48:09
Shanghai Pudong Development Bank, partly owned by Citigroup Inc, will raise about 40 billion yuan ($5.9 billion) by selling a roughly 20 percent strategic stake to China Mobile, two brokerages said.
HSBC's Asia moves may force StanChart
2010-02-27 09:08:30
LONDON: HSBC Holdings Plc's decision to move Chief Executive Officer Michael Geoghegan and three more top bankers to Hong Kong from London may force Standard Chartered Plc to follow its example, money managers and analysts said.
New Feb lending 'to reach' 700b yuan
2010-02-27 09:00:11
Chinese banks may have issued some 700 billion yuan in new loans in February, a major slowdown from January, due to repeated government calls to rein in lending to cool down the booming economy.
China's Bank of Ningbo opens lower despite profit surge report
2010-02-26 13:37:10
Shares of Bank of Ningbo opened at 15.36 yuan ($2.26) per share on Friday, down 0.32 percent from the previous close, despite reporting of net profit surge in 2009.
BOC may raise 50b yuan through H-share issuance
2010-02-25 16:52:12
Bank of China (BOC) is about to issue H shares to raise 50 billion yuan, the National Business Daily reported on Thursday.
Ping An rolls dice on unpopular overseas banking model
2010-02-25 11:17:50
Ping An Insurance (Group) Co, the world's second-biggest life insurer, aims to sell banking and investing services to its 50 million customers with a one-stop shopping model being abandoned by US and European companies.
IMF names Chinese banker as advisor
2010-02-25 09:32:41
IMF Managing Director Dominique Strauss- Kahn Wednesday named Zhu Min, deputy governor of China's central bank, as his special advisor, in a move Strauss-Kahn said would strengthen relations between the IMF and emerging economies.
More credit lines for small businesses, says CBRC
2010-02-24 10:19:24
China's banking regulator said Tuesday it would open up more credit avenues for small enterprises this year, despite the recent government clampdown on excessive lending.
BoCom set to raise funds via rights issue
2010-02-23 09:26:59
Bank of Communications (BoCom), China's fourth largest lender by market value, is likely to raise up to 30 billion yuan through a rights offering in Hong Kong and Shanghai to replenish its capital base, people with knowledge of the matter said yesterday.
China's new credit rules put brakes on banks' lending binge
2010-02-22 11:18:49
With Chinese banks' record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator's latest rules aim to bring financial risk under control.