Chinese commercial banks face lack of capital

Analysts say China's listed banks need to raise up to $44bln in 2010.

First-quarter reports by five joint-stock banks, the second rung of China's bank industry ladder after the five biggest state-owned banks, have revealed that behind the rapid growth in net profits, capital adequacy ratios have fallen. Some banks have dipped below the regulatory capital requirement.

In April 28, China Citic Bank filed their first-quarter report to the Shanghai Stock Exchange.

China Merchants Bank, the country's sixth-largest lender, reaped 5.91 billion yuan ($866 million) in net profit, ranking the first among the five joint-stock banks. China Citic Bank posted 4.08 billion yuan ($597.6 million), coming second. Industrial Bank registered 4.079 billion yuan ($597.45 million), followed by Shenzhen Development Bank with 1.58 billion yuan ($231.42 million) in net profit, and the Bank of Ningbo with 498 million yuan ($72.94 million).

View the full story in Market Watch.

Follow the link for more news on

Also Read

NAB expands weekend access to Chadstone branch

Westpac names Carolyn McCann as acting chief exec for its consumer division

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit