Lending & Credit

Cinda to IPO in Hong Kong

Cinda to IPO in Hong Kong

Bad debt bank has yet to decide on timing or venue of listing.

Renminbi trading eclipses HK$ in Hong Kong for first time

Result shows the renminbi’s rising importance in international trade.

Higher borrowing costs batter China’s banks

Financial risks rising to critical levels.

China’s cash squeeze worsening

Liquidity shortage the worst in seven years.

Chinese government becoming less dependent on bank financing

Borrowing from corporates increased surged 125% to RMB1,114b.

BOJ prods banks to hike businesses lending

Launches new, low-interest lending program.

Taiwan boosts position as offshore renminbi hub

Deutsche Bank becomes first foreign bank to raise renminbi in Taiwan.

New RMB loans down to RMB 667b in May

Growth was offset by the low ST corporate loans.

More Philippine banks to list on PSE

Financial sector outperforming the main PSE index.

PBOC warns anew against shadow banking

Says there is a need to strengthen disclosure.

New Chinese bank loans fall 9%

Drops to US$107.6 billion in May.

Shanghai to trial renminbi convertibility

Intends to to test convertibility at the Qianhai zone.

China extends freeze on IPOs

Continuing hike in bad loans forces extension.

India moves against rising restructured debt risk

Orders banks to boost reserves to 5% from 2.75%.