Search Results for 'China'

China's Bank Share Slide May Persist as Inflation Hits Growt...

Chinese banks, set to post record profits, are trading at their cheapest level in two years and may stay depressed in 2011 as investors bet faster inflation and slower economic growth will erode earnings. Shares lost allure over the [...]

Posted On : Feb, 28 2011 | Comments : 0

China has slapped punitive reserves on multiple banks

This approach, formally known as "dynamic differentiated required reserve ratios", has been effective in restraining lending by banks and will be continued as a core part of the government's efforts to control inflation, Xi [...]

Posted On : Feb, 23 2011 | Comments : 0

China regional banks told to hike reserves: report

China's central bank has ordered some small and medium-sized banks to raise their reserves in the latest in a series of such hikes aimed at reining in inflation, according to state media. The reserve requirement ratio hike, which eff [...]

Posted On : Feb, 11 2011 | Comments : 0

Analysis-China c. bank gains political clout in inflation fi...

That will give the People's Bank of China more leeway to tighten policy by further raising banks' required reserves, aggressively draining liquidity through open-market operations and restricting bank lending, according to analys [...]

Posted On : Jan, 31 2011 | Comments : 0

China banks cut bad loans, raised provisions in 2010

Jan 25 (Reuters) - Chinese banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows. But a [...]

Posted On : Jan, 25 2011 | Comments : 0

China to raise bank reserve ratio again

The People's Bank of China has said that it will raise the banks' reserve requirement ratio by 50 basis points from Jan 20. After this hike, the major banks will have to set aside 19 per cent of their reserves and small and mediu [...]

Posted On : Jan, 15 2011 | Comments : 0

China banks may profit despite tighter policy

Data released Tuesday showed Chinese banks extended 480.7 billion yuan ($72.6 billion) of loans in December, beating the median estimate of 380 billion yuan in a Dow Jones Newswires survey of economists. For the full year, lending g [...]

Posted On : Jan, 12 2011 | Comments : 0

China’s bank lending, forex reserves surge

China’s foreign-exchange reserves grew by $199 billion in the December-ended quarter, boosting the stockpile to $2.85 trillion dollars, a rise of 18.6% from the $2.4 trillion recorded at end 2009, the People’s Bank of China s [...]

Posted On : Jan, 11 2011 | Comments : 0

2 US banks get approval for China securities JVs

Two U.S. investment banks say they've been given the green light in China to operate domestic securities businesses with local partners. JP Morgan Chase & Co. said Friday that the China Securities Regulatory Commission approved i [...]

Posted On : Jan, 07 2011 | Comments : 0

China Stocks: Bank of China, China Eastern, Guizhou Panjiang

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, added 19.75, or 0.7 percent, to 2,854.91 at the 11:30 a.m. break. The CSI 300 Index rose 0.9 percent to 3,191.35. Banks: Industrial & Commercial [...]

Posted On : Dec, 27 2010 | Comments : 0

China Banks Yuan Positions Fell in November, Financial News ...

Yuan positions at Chinese banks stemming from their sale of foreign exchange fell to 319.6 billion yuan in November after the government tightened measures scrutinizing capital inflows, the Financial News reported, without citing anyone. [...]

Posted On : Dec, 20 2010 | Comments : 0

China Said to Lift Reserve Ratio Twice for Some Banks

China raised reserve requirements for some banks twice yesterday, taking the total increase to 100 basis points for a few lenders, said two people with direct knowledge of the situation. China ordered some lenders, including Bank of [...]

Posted On : Nov, 11 2010 | Comments : 0

Most China Stocks Rise as Coal, Consumer Companies Gain; Bro...

Most China stocks rose as coal producers and consumer companies gained on an improving earnings outlook. Banks and brokers slid on concern faster inflation may push the central bank to increase interest rates further. Datong Coal In [...]

Posted On : Oct, 22 2010 | Comments : 0

Asian Shares Mixed; Banks, Brokerages Fall In China

Asian stock markets were mixed Thursday, with some exporters in Tokyo reversing early losses as the yen eased off from early highs, while banks and brokerages fell in Shanghai after data showed China's economy slowed in the third qua [...]