China

ICBC stockholders okay convertible bond, share sales

ICBC stockholders okay convertible bond, share sales

Approval enables company to raise $3.7bln and to join rivals in shoring up capital.

StanChart eyes China as next target in listings

Lender looks forward to a Shanghai listing after completing one in India as it exploits country's growth.

China's top banks secure approval to raise $42bln

Country’s cabinet gives nod to 4 biggest listed lenders to use securities market in replenishing capital.

Shanghai banks to begin China-Taiwan currency exchange operations

Move eases Taiwan visitors in Shanghai to convert their New Taiwan dollars to Chinese yuan.

ICBC, Bank of China may change fundraising schemes

Central Huijin to benefit from lenders' rights issues offering over issuing bonds and selling shares.

Chinese commercial banks face lack of capital

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

China’s Agriculture Bank seeks $30bln IPO this week

AgBank to apply for dual listing in Hong Kong and Shanghai via world's largest-ever IPO.

ICBC requests lenders to propose for share issue

Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.

China Merchants Q1 profit up 40% at $864mln

Lender said higher net interest margin and expanded intermediary business boosted its net profit.

Bank of China Q1 2010 profit up 41%

Loan expansion propelled by robust economic recovery raised bank’s net profit to $3.84bln.

China Construction Bank likely to hold rights issue

Lender might follow its local peers in attempting to reduce capital ratios. 

ICBC acquires Thailand's ACL Bank for $550mln

Chinese megabank seeks to expand into Mekong River region using ACL as platform.

Central Huijin plans raising funds via bond issue

Proceeds worth more than $12mln to be injected to China Eximbank and other state-run lenders.

China Minsheng 2009 profit up 53% at $1.8bln

Lender's earnings report excludes its $130mln investment in UCBH Holdings that upset its proposed overseas expansion.

China banking crisis inevitable: Andy Xie

When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.

China Merchants, Tencent ink strategic agreement

Country’s first cross-industry cooperation between financial and Internet organization aims to create a financial service platform.

Hang Seng eyes Zhongshan's HK enterprises

Hang Seng Bank officially opened its sub-branch in Zhongshan, Guangdong province. The new sub-branch offers comprehensive banking services for both business and personal customers. A full suite of financial solutions are available for different types of companies, while personal customers can enjoy one-stop wealth management services in the comfortable environment of the spacious Prestige Banking centre.