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  1. Reserve ratio raised for reckless banks

    Posted Jan 27th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Beijing has ordered several banks to increase their reserve ratios, taking another step to curb a mainland lending spree as policymakers worry about asset bubbles ... after the central bank announced a surprise 50 basis point increase in the ratio that applied to all mainland banks. The reserve requirement ratio is the percentage of total deposits that a bank ...

  2. HK banks agree extra minibond payouts

    Posted Mar 28th 2011, 12:00am by Joyce Ng

    ... Ng Kang-chung and Joyce Ng Sixteen Hong Kong banks have agreed on a joint proposal that could see investors in Lehman Brothers minibonds recover most of their original investments. As a final settlement, the banks yesterday offered to pay back up to 96.5 per cent of the defunct investments- up from 60 per cent in 2009. But this will only go ahead if at least 75 per cent ...

  3. Big four banks maintain loan target despite inflationary fears

    Posted Mar 07th 2011, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland's four largest banks expect to issue loans totalling nearly three trillion yuan (HK$3.55 trillion) this year- almost unchanged from last year- according to bankers with knowledge of the matter. The combined loan target of the big four lenders- Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural ...

  4. Mainland banks drive full speed into financing for new ships

    Posted Jan 13th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Mainland banks are likely to have secured a record volume of ship finance deals last year as they supported Chinese and foreign shipowners with orders at Chinese shipyards while also competing in the global ship finance market. The top three lenders- Bank of China, Industrial and Commercial Bank of China and Export-Import Bank of China- advanced more than US$1.5 ...

  5. RBS chief regrets sale of 4.3pc stake in Bank of China

    Posted Nov 10th 2010, 12:00am by Lulu Chen, Naomi Rovnick

    ... Naomi Rovnick and Lulu Chen The chairman of bailed-out British bank Royal Bank of Scotland expressed regret at the lender's decision to sell its 4.3 per cent stake in Bank of China, ... government] were disappointed. And they were right to be disappointed. It was supposed to be a long-term deal.' RBS bought its Bank of China stake in 2005, in a deal that its previous chief ...

  6. 2 guilty of bank fraud

    Posted Jul 30th 2010, 12:00am by Austin Chiu

    ... Austin Chiu Two textile machine dealers were found guilty yesterday of cheating DBS Bank into granting loans of more than HK$300 million by helping its mainland customers to set up shell ... Industrial which imported textile machines from Italy and sold them to mainland buyers, and Yu, a manager, helped mainland buyers to set up shell companies in Hong Kong so that DBS Bank would lend ...

  7. Foreign banks get go-ahead to buy yuan bonds

    Posted Aug 18th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu In the latest effort by Beijing to internationalise the yuan, the People's Bank of China announced yesterday it would allow overseas institutions, including Hong Kong lenders, to invest in the mainland interbank bond market. The pilot scheme will start with foreign central banks, clearing banks for cross-border yuan settlement in Hong Kong and Macau, and other ...

  8. Bail out the banks now to save big trouble later

    Posted Jul 30th 2010, 12:00am by Tom Holland

    ... of infrastructure spending. 'The real trouble is that it is bank lending that is paying for most of the infrastructure investment,' we warned on March 30, 2009, adding that if it proves tough to make the projects pay off, 'the level of non-performing loans in the banking system will rise steeply'. We've repeated the warning since. Just three weeks ago, this column again ...

  9. Bank of China plans 60b yuan rights issue

    Posted Jul 03rd 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Bank of China plans to raise as much as 60 billion yuan (HK$68.84 billion) in a rights offer in Hong Kong and Shanghai to replenish capital. The bank will sell 1.1 ... the total of fund-raising announced by the mainland's five biggest state-controlled banks to as much as US$45.6 billion after they extended record loans last year to support a government-led ...

  10. Merchants Bank eyes debt issue to lift capital

    Posted Jun 02nd 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai China Merchants Bank said it would issue debt in the coming years to boost its capital adequacy ratio, less than two months after it raised nearly 22 billion yuan (HK$25 billion) through a rights issue, reflecting the increasing needs of mainland banks in a tougher regulatory environment. The Shenzhen-based lender said yesterday it would look to issue ...




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