China
A tour of the Chinese property sector
A tour of the Chinese property sector
In a rapidly evolving place like China, it is important that any investment strategy reflects the conditions on the ground; frequent visits to check on the progress being made on infrastructure and industrial development in various regions is a crucial component of Urdang’s approach to investing in global property securities.
People’s Bank of China extends required reserves on banks’ margin deposits
Such deposits have a similar effect as 100-150bp reserve requirement ratio hikes.
Hang Seng Bank appoints Nixon Chan as head of retail banking and wealth management
Donald Lam was also appointed as head of corporate and commercial banking.
BOA to sell $8.3B worth of China Construction Bank shares
Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of cash.
China banks post impressive first half profits
Most of the 10 lenders had over 30% net profit rise in the same period.
Bank of China profit up 28% to $10.4bn
The lender said its net interest margin has improved and has the potential to widen.
CCB targets raising $12.5bn in CNY bond sale
Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.
China gives nod to 5 foreign banks for bond market
PBOC allowed foreign institutions to trade in its interbank bond market to widen the channels for offshore Renminbi to flow back into China.
China banks’ combined profits amount to an amazing $57b in 1H2011
The top 5 Chinese banks knocked out their 14 largest US and European rivals.
Standard Chartered's growth fastest in China
Standard Chartered experienced faster expansion of its Chinese mainland business than the rest of its units in the first half of 2011.
10 Chinese banks surpass expected profits in first half
Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.
Minsheng awaits govt approval for financing plan
China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan.
GRG Banking seals US$27.9m deal with Bank of China
So far BOC has over 14,000 ATMs made by GRGBanking.
Bank of Communications discloses $67mn in soured loans
The lender’s total bad loans reached $906.53mn in the first half of 2011, an increase of $83.62mn from a year ago.
CCB post operating income of $30B for 1st half
China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.
Bank of Communications' first half profit up 29.67%
Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission fees.
Julius Baer launches China Fund with direct access to domestic market
The Swiss bank used the US$100 million quota granted under its QFII licence by the State Administration of Foreign Exchange in China.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks