China
Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11
Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11
The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.
China's top banks released US$21.9bn new CNY loans in August
The Big Four’s new yuan loans in August is significantly lower than July's $77.07bn.
Temasek buys CCB shares for a whopping $2.8b
Temasek bought 4.4 billion shares of the Chinese lender, increasing its stake to 8.1%.
Bank of America divests CCB stake for $3.3bn
The sale has quelled fears that BoA’s shares would be dumped into the market.
ABC celebrates Jiangsu Branch's over RMB 1 trillion deposits
Agricultural Bank of China's Jiangsu Branch registered deposits of RMB1,025.1 billion in June, accounting for 15.2% of the total deposits of Jiangsu banks.
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.