ADB provides $2m loan to build railways in E China
2009-12-14 11:33:38
The Asian Development Bank (ADB) Saturday said it has approved a $2-million loan to finance a-billion-dollar project to build railways in an eastern Chinese province to link remote rural villages to the country's economic hubs.
CCB plans $2.9b sub bond issue
2009-12-11 07:56:56
China Construction Bank Corp (CCB), the country's second largest lender, plans to sell 20 billion yuan ($2.9 billion) of subordinated bonds by year-end to replenish capital, according to a person familiar with the matter.
Banking authority reitertates credit quality, pace control
2009-12-09 13:25:57
China's banking authorities vowed to step up efforts to improve credit quality, and keep credit expansion in reasonable pace after record lending, to echo government's call to rebalance economic growth pattern.
ADB's 2nd issue of Panda bonds helps improve China's capital market
2009-12-08 10:33:19
The Asian Development Bank (ADB)'s second issue of 1 billion yuan ($147 million) renminbi-denominated bonds, or Panda bonds in China would improve the nation's capital market and help make it global, expert said on Monday.
Chinese official raps foreign banks on derivatives
2009-12-04 15:51:13
A senior Chinese official criticized foreign banks for selling derivatives with "fraudulent characteristics" that led to heavy losses for state-owned airlines and other companies.
Huijin likely to seek less from lenders
2009-12-03 08:06:20
Central Huijin Investment Co, an investment arm of China's sovereign wealth fund, is likely to ask State-run lenders to pare dividend payouts, or reinvest the dividend proceeds accrued to it in any likely new share sales undertaken by the banks next year, a source with knowledge of the matter said.
BOC transacts over 200m yuan in cross-border trade settlement
2009-12-02 15:29:55
The Bank of China (BOC), China's largest foreign exchange bank, announced Tuesday it had transacted more than 200 million yuan ($29.3 million) in cross-border trade settlement using the yuan since it launched the pilot scheme in April this year.
CDB treading cautiously on business expansion
2009-12-02 08:04:07
China Development Bank (CDB) would continue to fund medium and long-term investments for the nation's strategic development agenda without diluting the gains it made over the years from financial reform, said a senior bank official.
52 new-type rural financial bodies open in W China
2009-12-01 15:44:09
China opened 52 new-type rural financial institutions in western areas by the end of June, accounting for 44 percent of the total that newly opened nationwide in the first half year.
Lower loan target likely for lenders in 2010
2009-12-01 08:02:27
China will set its loan target for 2010 at a level well below the total amount that banks gave out this year on concerns about deteriorating asset bubbles and bad loan problems, sources at the nation's top regulatory bodies told China Daily yesterday.
Uncertainties still weigh on China's economy
2009-11-30 14:31:31
China has vowed to maintain its macroeconomic policy stance in 2010 despite worries that its stimulus is likely to risk fueling new bubbles and overcapacity.
Chinese banks increase overseas lending
2009-11-30 08:03:05
Foster's Group Ltd, Australia's biggest brewer, never borrowed from China until this year, when Bank of China helped arrange $500 million in loans to refinance debt.