China

Bank of Communications pursues to double profits

Bank of Communications pursues to double profits

Lender to concentrate on low capital and high incomes operations to achieve goal.

HSBC Life ventures into bancassurance in China

Policies that are sold through HSBC and other banks amounted to $12.6mln and exceeded targets.

China Life targets control over China Minsheng

Insurer’s chairman said it will strengthen non-insurance core businesses, including assets management, banking, securities, and trusts.

GRG wins recycling machines bid from Ziraat Bank

GRG HK, a wholly-owned subsidiary of GRG, had won a bid for 1250 units of recycling machine H68N from the Agricultural Bank of the Republic of Turkey.

China listed banks combined profit up 46%

ICBC leads banks with biggest profit for the first half at $12.42bln as lending boom reaped profits.

GRG Banking to launch cassettes management solution

The cash processing & self-service solution provider has developed a new solution transforming cash management into cassettes management.

GRG Banking wins 1000 ATM units order from Middle East

GRG Banking Equipment Co.,Ltd.’s new subsidiary, GRG Banking Equipment(HK) Co.,Ltd., secured an order to supply 1,000 units of automated teller machines for a Middle East bank.

Growth of ICBC, BOC seen to slow down

Lenders have peaked after ICBC and BOC second quarter profit up 38% and 15% respectively.

ICBC, BOC profits may reflect China banking industry’s strength

Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.

Central Huijin to inject $13bln into 2 firms

China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.

Central Huijin to issue RMB187.5 bonds

Earnings of sovereign wealth fund’s first bond sale to be used for Export-Import Bank of China.

HSBC China becomes market maker to trade RMB and Ringgit

Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.

Regulator approves ICBC's Shanghai convertible bond sale

Lender also planned a $6.6bln rights issue aside from its $3.7bln bond sale.

China Everbright debut day of IPO beats forecasts

Investors' optimism on smaller Chinese banks gave lender share price gain that surpassed AgBank's.

China Everbright tags IPO at $US0.46 per share

Lender’s IPO success may encourage rival banks to follow suit.

China's Central Huijin plans to issue bonds

Fund to sell $7.97bln bonds in its effort to maintain controlling stakes in major domestic banks.

New RMB loans reach $73.82bln in July

Growth of loans in small and medium banks and city commercial banks faster than large lenders'.