ABC Shanghai IPO draws strategic investors
2010-07-02 09:29:52
Agricultural Bank of China's Shanghai share offering has drawn strong demand from potential strategic investors, who put up more funds than the value of shares set aside for them, the China Securities Journal said on Friday. Full Coverage
ABC starts to accept IPO subscriptions from institutional investors
2010-07-01 17:25:36
The Agricultural Bank of China (ABC) started accepting institutional investors' subscriptions to its A-share initial public offering (IPO) Thursday. Full Coverage
ABC's HK offer 10 times oversubscribed
2010-07-01 16:43:58
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up being the world's largest ever.
ICBC plans 22b yuan in sub debt
2010-07-01 16:16:35
Industrial & Commercial Bank of China (ICBC) plans to issue about 22 billion yuan ($3.24 billion) worth of subordinated bonds to maintain its Tier-2 capital, two sources familiar with the matter said on Thursday.
Yuan hits new record high against USD
2010-07-01 11:55:48
China's currency RMB, strengthened to 6.7858 per US dollar on Thursday, a new record high, according to the data released by the China Foreign Exchange Trading System.
China UnionPay cards accepted in Taiwan's ATMs
2010-07-01 11:31:09
China UnionPay Co Ltd (CUP), a bankcard services provider, announced Wednesday it has reached an agreement with Taiwan Financial Information Service Co Ltd (FISC) that allows the mainland bankcards to be used in ATMs in Taiwan.
StanChart set to invest $500m in ABC float
2010-07-01 09:28:13
Asia-focused lender Standard Chartered Bank Plc on Wednesday said it will invest $500 million as a cornerstone investor in Agricultural Bank of China's (ABC) initial public offering (IPO) in Hong Kong. Full coverage
Retail crowd shows muted interest in ABC IPO
2010-06-30 16:03:55
Agricultural Bank of China opened the retail portion of its initial public offering (IPO) in Hong Kong on Wednesday, attracting a steady stream of investors prepared to brave weak markets and concerns about demand for the roughly $20 billion offer.
ICBC to offer loans to US real-estate owners
2010-06-30 15:09:20
Industrial and Commercial Bank of China, China's biggest bank, will offer loans of $100 million or more to US real-estate owners, the Wall Street Journal reported.
Chinese banks earn 25% of profits worldover: magazine
2010-06-30 13:16:31
There are 84 Chinese banks sitting in the world's top 1,000 now, though accounting for 9 percent of capital but making a quarter of profits, according to a global magazine "The Banker" tracking banking services.
Shenzhen bank in talks to combine Ping An Bank
2010-06-30 10:39:25
Ping An Insurance (Group) Co, China's second-largest insurer, is in talks to merge its banking unit with Shenzhen Development Bank Co to get around Chinese rules barring insurers from controlling more than one lender.
Mainland-Taiwan banking sector to open further
2010-06-30 10:36:08
Mainland and Taiwan financial institutions are expected to accelerate their expansion into the lucrative cross-Straits market after the two sides signed a historic trade agreement on Tuesday that promises to open each other's financial industries.