China

HSBC eyes Bank of Communication rights issue subscription

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.

China Construction expects above 10% new loans growth

China targets cutting lending by $310bln prompting smaller banks to raise capital to boost adequacy ratio.

China banks urged to boost capital with profits

Regulator favors raising capital by rights offering while discouraging private placements and public share sales.

China Development Bank to evaluate tie-up with Barclays

Lackluster performance of banks after two years of partnership forced CDB's board to review relationship.

China Minsheng to focus lending on small firms

Lender maximises the underserved market by lending total $15bln with $731.957 credit cap for each company.

Morgan Stanley board approves China bank stake divestment

US bank just awaits China regulator's approval to complete sale of 34.3% stake in CICC.

China Merchants sees growth from upcoming rate hike

Lender plans raising $3.2bln from rights issue to prepare for expected tougher competition.

Agricultural Bank of China's February loans top rivals

Lender was able to lend 28% of China's top four banks total amount.

Industrial Bank loan growth cut by half

China's tightening trims down lending to $125bln as bank aims keeping bad loan ratio below 0.58%.

China Merchants seeks approval to open Taiwan office

Improving China-Taiwan relations enabled lender to apply for presence in the hometown of its Taiwanese clients.

China Merchants eyes raising $3.2bln via rights issue

Move aimed to replenish capital ratio after expansion of loans and acquisition of Wing Lung.

China banks' loans to foreign shipbuilders surge

Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.

Celent publishes Cash Management in China report

Hua Zhang examined the rapidly developing cash management market China and trends in cash management services.