China

ICBC requests lenders to propose for share issue

Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.

ICBC requests lenders to propose for share issue

Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.

China Merchants Q1 profit up 40% at $864mln

Lender said higher net interest margin and expanded intermediary business boosted its net profit.

Bank of China Q1 2010 profit up 41%

Loan expansion propelled by robust economic recovery raised bank’s net profit to $3.84bln.

China Construction Bank likely to hold rights issue

Lender might follow its local peers in attempting to reduce capital ratios. 

ICBC acquires Thailand's ACL Bank for $550mln

Chinese megabank seeks to expand into Mekong River region using ACL as platform.

Central Huijin plans raising funds via bond issue

Proceeds worth more than $12mln to be injected to China Eximbank and other state-run lenders.

China Minsheng 2009 profit up 53% at $1.8bln

Lender's earnings report excludes its $130mln investment in UCBH Holdings that upset its proposed overseas expansion.

China banking crisis inevitable: Andy Xie

When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.

China Merchants, Tencent ink strategic agreement

Country’s first cross-industry cooperation between financial and Internet organization aims to create a financial service platform.

Hang Seng eyes Zhongshan's HK enterprises

Hang Seng Bank officially opened its sub-branch in Zhongshan, Guangdong province. The new sub-branch offers comprehensive banking services for both business and personal customers. A full suite of financial solutions are available for different types of companies, while personal customers can enjoy one-stop wealth management services in the comfortable environment of the spacious Prestige Banking centre.

China’s Agricultural Bank selects IPO underwriters

Chinese and foreign firms constitutes group of underwriters that handles much-awaited $20mln plus stock offering.

China Merchants 2009 net down 14% to $2.67bln

Lender still was able to beat average $2.57bln forecast by Dow Jones.

China's top 4 banks lent $125bln in Q1

ICBC led with $39.5bln loans as upward trend in lending is seen to continue this year.

China regulator urges banks to readjust lending

Lenders asked to practice strict control on lending for construction raw materials to avoid loan overcapacity.

HSBC to further extend presence in China

Expansion involves establishing rural banking in line with government’s aim of providing financial assistance outside cities.

Guangdong Bank plans raising $2bln through share issue

Lender joins other China rivals’ share offerings by selling 3.4bln shares to restore capital before IPO.

Agricultural Bank of China invites bids for IPO

Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.