Search Results for 'China'

Banks’ Yuan Debt Costs 30% Cheaper in Hong Kong: China Credi...

Banks are paying about 30 percent less interest on yuan-denominated debt sold in Hong Kong than they pay in Shanghai as faster currency appreciation fuels overseas demand for the securities. The average yield in the city is 1.77 per [...]

Posted On : Oct, 20 2010 | Comments : 0

China Bank-Ratio Rise May Signal Officials Divided on Policy...

Chinese policy makers may be divided over the pace of credit growth with inflation picking up even as there are “downside” risks to economic growth, according to Goldman Sachs Group Inc. China’s central bank has ra [...]

Posted On : Oct, 12 2010 | Comments : 0

Bank Of China To Sign Pacts With 4 Taiwanese Banks

Bank of China Ltd. (3988.HK) will sign memorandums of understanding on Chinese yuan settlement services and staff training with four Taiwanese banks by the end of this month, the Apple Daily reported Monday without citing any sources. [...]

Posted On : Oct, 11 2010 | Comments : 0

FSC OK's banks to open branches in mainland China

The Financial Supervisory Commission said Sept. 16 it has given the China Trust Commercial Bank formal permission to set up branch offices in mainland China. The latest announcement means that a total of seven Taiwan banks have now recei [...]

Posted On : Sep, 17 2010 | Comments : 0

China's Agricultural Bank stable in trading debut

State-owned Agricultural Bank of China Ltd. held steady in its trading debut Thursday after raising up to $22.1 billion in a mammoth initial public offering despite the global crisis and concern about its profitability. The IPO went ahea [...]

Posted On : Jul, 16 2010 | Comments : 0

Yuan Pact to Benefit Bank of China

Bank of China (Hong Kong) stands to benefit long-term from a pact between China and Hong Kong to expand the scope of yuan-based business in the city, Market Talk says. According to a person familiar with the situation, China and Hong Kon [...]

Posted On : Jul, 13 2010 | Comments : 0

Bank of China - New Funding to Suffice for 3 Years

Bank of China <3988.HK> <601988.SS> said its bid to raise up to $8.86 billion should give it sufficient capital for the next three years, seeking to ease investor concerns about finances at China's No. 4 lender. Bank of C [...]

Posted On : Jul, 05 2010 | Comments : 0

China Bank of Communications' rights issue reduced

Shares in Bank of Communications fell Monday after the lender cut a planned rights issue by a fifth amid weak market sentiment and a rush by other Chinese banks to raise money. The bank, China's fifth biggest lender in terms of [...]

Posted On : Jun, 07 2010 | Comments : 0

For banking, new travails on China's lending trail

It was not a technical glitch. The bank's branch-to-headquarters intranet system for processing loan applications had been intentionally shut down, affecting its branches across the country.Behind the intranet intervention was an eff [...]

Posted On : Apr, 15 2010 | Comments : 0

Oil Falls for First Day in 5 as China Seeks to Cool Expansio...

Crude oil fell for the first day in five after China, the world’s fastest-growing energy-consuming country, sought to cool its economic expansion. Oil dropped below $75 a barrel as the People’s Bank of China ordered banks to [...]

Posted On : Feb, 13 2010 | Comments : 0

China stocks may fall 10% on money supply curbs

China's stocks may drop as much as 10 percent over the next six months as the government curbs money supply growth to reduce liquidity and rein in property speculation, according to China International Capital Corp. “Stocks could fall [...]

Posted On : Jan, 21 2010 | Comments : 0

China banks told to go easy in pushing credit cards

Don't issue credit cards to teenagers with no income and don't charge customers for cards they haven't activated. China's banking watchdog ordered banks on Thursday to rein in their credit card marketing amid concern over a rise in la [...]

Posted On : Jul, 16 2009 | Comments : 0

China money supply growth, FX reserves surge

Annual growth in China's broad M2 measure of money supply surged in June on the back of breakneck bank lending ordered by Beijing to pump up the world's third-largest economy. And in a sign that money is flowing back into China in ant [...]

Posted On : Jul, 15 2009 | Comments : 0

Hang Seng rebounds on China banks, energy stocks

Hong Kong stocks gained Tuesday, with Chinese banking stocks leading the advance following overnight gains on Wall Street. Refiners and related energy firms such as China Petroluem & Chemical Corp. ( Sinopec) (HK:386 5.99, +0.27, +4.72% [...]