China

Guangdong Bank plans raising $2bln through share issue

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.

China Construction Bank targets selling $11bln in shares

Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.

China Construction to tighten grip on overseas operations

US$1bln exposure to Dubai World prompted lender to strictly control its bonds and loan investments abroad.

Industrial Commercial Bank of China to enter India

Move to open ICBC Mumbai branch follows China’s nod for SBI Shanghai to lend in Renminbi.

BEA commits to Northern China development

BEA became the first locally-incorporated foreign bank to open a branch in Hebei Province with its Shijiazhuang branch.

People's Bank of China names 3 new advisers

Economists Zhou Qiren, Xia Bin and Li Daokui are expected to bring in hawkish view.

China Construction Bank Q4 profit up to $3bln

Careful choice of projects last year can make performance this year better than peers.

Commonwealth Bank launches first branch in China

Lender keen to focus business on natural resources trade, infrastructure financing and structure asset finance industries.

China Construction Bank mulls raising funds

Source says lender’s board may place $6bln worth of shares and rights issue to meet target.

Agricultural Bank of China launches Australia office

Assistance from Austrade and New South Wales government paved way to lender's Sydney office opening.

Bank of America chief keen on China expansion

Moynihan revealed few detail on lender's move that includes obtaining securities license over next several years.

HSBC eyes Bank of Communication rights issue subscription

Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.

Chinese banks strong enough to endure bad loans

Despite forecast of 20% rise in 2010 loans, NPL and other problem loans ratio are expected to remain below 10% for the next two years.

BEA opens 3rd Guangdong sub-branch

BEA has opened a third "cross-location" sub-branch in Huizhou, Guangdong Province. This is made possible under the liberalisation measures of Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement. The other two sub-branches are located in the cities of Foshan and Zhongshan.

Bank of America mulls China expansion

China is premiere destination as US lender broadens business abroad while local operations lag behind rivals.

China regulator cautions top banks on risks

Government wary that uncontrolled lending can increase bad loans and form asset bubbles.