China

Depositors ‘flight to safety’ to benefit China Merchants Bank

Focus on wealth and deposits over loans has boosted its liquidity.
1 day ago

Depositors ‘flight to safety’ to benefit China Merchants Bank

Focus on wealth and deposits over loans has boosted its liquidity.
1 day ago

China banking focuses on credit structure optimisation

PwC said the sector needs to continue to implement strategic initiatives.
6 days ago

Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executive

Rickie Chan succeeds Cindy Wong, who will serve as advisor until 31 May.
6 days ago

China boosts financial services to advance new industrialisation

Insurance funds should provide long-term stable financial support.

Revised rules bolster car loans but with influx of lower quality borrowers

The asset quality of auto finance companies will be tested.

Weak home sales risk worsening Chinese banks' bad loans

Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.

China investment banks report dismal fees as IPOs and M&As fall to decade low

Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.

ICBC planning $5.5b loss absorbing bonds sale: report

The world’s largest bank by assets is likely to issue CNY20b.

Ant Group seeks to boost foreign payment accessibility in China

The group plans to expand bilingual support, amongst other enhancements.

Lower interest rates and property woes weigh on Bank of China’s profits

Net interest margin fell, although at a lower decline than other Chinese megabanks.

China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth

The bank is bracing for a margin squeeze and guided for tepid fee income.

Mandated property lending poses challenges for Agricultural Bank of China

ABC also faces a moderate decline in profits following recent rate cuts.

Tighter interest margins and rising bad loans weigh on CCB

The non-performing asset ratio is expected to rise to 4.48% in 2024.

Ping An Bank with enough capital for proposed higher dividends: analyst

The China-based bank has proposed to pay a 30% dividend in 2023.