Agricultural Bank may float IPO in July
2010-04-08 09:43:37
Agricultural Bank of China (ABC) is likely to launch its initial public offering (IPO) in June or July after its plan got the approval from the State Council, a source familiar with the matter said on Wednesday.
Shanghai Pudong Development Bank says 2009 net profit up 5.6%
2010-04-07 17:08:49
Shanghai Pudong Development Bank said Tuesday its 2009 net profit rose 5.6 percent from a year ago on lending boom and increased commission fees.
Australia ANZ gets approval for China incorporation
2010-04-07 15:50:12
Australia and New Zealand Banking Group said on Wednesday it has received preparatory approval to set up a wholly-owned foreign bank in China, the world's fastest growing major economy.
CCB plans share sale to raise $11b
2010-04-07 09:26:27
China Construction Bank Corp (CCB) plans to sell shares to raise about 75 billion yuan ($11 billion) of capital this year, said two people with direct knowledge of the matter.
CCB expanding global footprint
2010-04-07 09:16:35
China Construction Bank (CCB), the nation's second-largest lender by market capitalization, is planning to increase its global footprint by expanding into regional financial hubs and economies that have close trade and investment ties with China, Fan Yifei, vice-president of the bank, said.
Foreign banks' assets share slides again
2010-04-06 16:05:22
Assets of foreign-funded banks in China accounted for 1.71 percent of total assets of financial institutions in China at the end of 2009, a decline of the rate for the second straight year.
Stable loan growth expected for China in March
2010-04-01 15:21:58
China's new lending in March was expected to reach about the same level as February's 700.1 billion yuan ($102.5 billion), the Shanghai Securities News reported Thursday.
Banks tighten mortgage rates
2010-03-31 17:20:56
Two more Chinese banks tightened mortgage rates for first-home buyers, Beijing Times reported Wednesday.
Banker's bribery trial names two female celebrities
2010-03-31 10:05:31
Two female celebrities and a large amount of money were the star attractions in Tuesday's bribery trial of Wang Yi, former vice-president of State-run China Development Bank.
CCB embarks on mission to replenish capital
2010-03-30 09:29:38
China Construction Bank (CCB) may consider raising funds in Hong Kong and Shanghai this year to bolster its financial strength, but details of the fundraising plan are still under discussion.
Interest rates may rise in April
2010-03-29 17:33:13
China's central bank might raise interest rates in early April, analysts said, basing their judgment on the 2.7 percent CPI rise in February, the Securities Times reported.
China Construction Bank reports 15% net profit rise in 2009
2010-03-29 10:51:19
China Construction Bank (CCB), one of the four leading lenders in China, announced Sunday that its net profit rose 15.32 percent year-on-year to 106.84 billion yuan ($15.65 billion) in 2009.