China

China Merchants sees growth from upcoming rate hike

Lender plans raising $3.2bln from rights issue to prepare for expected tougher competition.

China Merchants sees growth from upcoming rate hike

Lender plans raising $3.2bln from rights issue to prepare for expected tougher competition.

Agricultural Bank of China's February loans top rivals

Lender was able to lend 28% of China's top four banks total amount.

Industrial Bank loan growth cut by half

China's tightening trims down lending to $125bln as bank aims keeping bad loan ratio below 0.58%.

China Merchants seeks approval to open Taiwan office

Improving China-Taiwan relations enabled lender to apply for presence in the hometown of its Taiwanese clients.

China Merchants eyes raising $3.2bln via rights issue

Move aimed to replenish capital ratio after expansion of loans and acquisition of Wing Lung.

China banks' loans to foreign shipbuilders surge

Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.

Celent publishes Cash Management in China report

Hua Zhang examined the rapidly developing cash management market China and trends in cash management services.

ICBC posts 33% growth in credit cards issued

ICBC card spending grew 76% in 2009 that made it world's fourth largest credit card issuer.

China Merchants eyes raising $3.22bln via rights issue

Rights issue with 1.3-for-10 ratio for Shanghai and Hong Kong aimed to bolster balance sheet.

Approval of ICBC's $530mln bid for ACL likely

China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.

China defends 2 banks downgraded by Fitch

Regulator insisted banks are sound despite admitting that country’s excessive lending exposed them to credit risk.

Bank of Communications plans raising $3.7bln

Funds to support balance sheet could reach up to $5.85 billion as amount is not yet finalised.

Bocom International to raise $500M for China private-equity fund

Bocom International is seeking to raise as much as $500 million in its first private-equity fund focusing on Hong Kong and China.

Asia Pacific banking systems exhibit stability

Twelve of Asia Pacific’s banking systems were given improved stable outlooks by Moody’s Investors Service.

Shimao Property hires HSBC and StanChart for $400M loan

Two people familiar with the matter said Shimao Property, a Chinese developer controlled by billionaire Xu Rungmao, hired the two banks for a three-year loan.

China Construction and Banco Santander JV talks ongoing

CCB would provide 60 percent for the venture while Banco Santander will fill in the rest.

China Exim Bank to receive Central Huijin funding

Central Huijin plans to inject $7.32bln to the lender and China Export & Credit Insurance Corp.