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  1. BOC cuts bad loan ratio to below 5pc

    Posted Jul 23rd 2005, 12:00am by Eric Ng

    ... Eric Ng in Beijing and Bei Hu The ratio of impaired loans to total outstanding loans at the Bank of China (BOC) fell below a key 5 per cent threshold for the first time in the first six ... of this year. The 0.74 percentage point fall in BOC's NPL ratio in the first six months was achieved after a net elimination of NPLs worth 9.2 billion yuan, leaving 100 billion yuan of distressed ...

  2. Great Wall tops 'final feast' bad loan sale

    Posted Jun 27th 2005, 12:00am by Staff Reporter

    ... of China (BOC), China Construction Bank (CCB) and ICBC since 2003. The three state giants are engaged in massive financial overhauls and corporate governance reforms before their home market ... auction of 278.7 billion yuan worth of BOC and CCB 'doubtful' loans, the middle of three problem loans categories. It later received another 56.9 billion yuan of CCB 'total ...

  3. Evergrande changes advisers in new IPO bid

    Posted Aug 08th 2009, 12:00am by Naomi Rovnick

    ... changes to its banking team - BOC International and UBS have replaced Goldman and Credit Suisse - was an attempt to bring fresh energy to a long-running fund-raising saga that had been through ... bubble forming. Xinhua news agency ran a commentary last weekend that stated 'the ferocious surge in the home market defied the sensible big picture'. Spokesmen for BOC, Credit Suisse, ...

  4. Big banks a lousy bet despite bailout

    Posted Apr 23rd 2005, 12:00am by Tom Holland

    ... books, and the injection of US$45 billion into Bank of China (BOC) and China Construction Bank (CCB) in 2003, the latest move still leaves China's banks years away from sound financial ... If they do, the bank will get more cash in the future. But this is a process that will take years, not months. CCB and BOC are in better shape than ICBC, on paper at least. By the middle of last year, ...

  5. ICBC bad loans well covered

    Posted Jul 14th 2005, 12:00am by Staff Reporter

    ... the December 2003 bailout of Bank of China (BOC) and China Construction Bank (CCB), in which each received US$22.5 billion, the central government opted for a smaller US$15 billion initial cash ... value. With the bulk of the bad loans removed, ICBC's loan-loss coverage ratio reached 100 per cent by the end of last month. By contrast, BOC and CCB received only 50 per cent of the face ...

  6. Cinda loan auction fails after snub by investors

    Posted Jun 28th 2005, 12:00am by Staff Reporter

    ... A Great Wall spokesman denied knowledge and Avenue Capital could not be contacted last night. The loans are part of the 149.8 billion yuan of Bank of China (BOC) doubtful loans that Cinda acquired ... them a competitive advantage over other domestic and international investors, it has been argued. Concerns were heightened by Great Wall's winning bid for part of impaired BOC loans ...

  7. Zhongsheng slashes size of IPO by half

    Posted Mar 10th 2010, 12:00am by Amanda Lee

    ... of Volkswagen, GM and Toyota Motor Corp. BOC International, Morgan Stanley and UBS are the bookrunners of the offering. Market conditions have not been favourable for new listings since the beginning ...

  8. BOCHK surges after results spur analyst upgrades

    Posted Aug 29th 2009, 12:00am by Staff Reporter

    ... to HK$4.08 from HK$3.90. BOC reported a 2.51 per cent decline in net profit to 41.12 billion yuan for the first six months, partly reflecting a decrease in losses from impaired loans. ...

  9. Rio picks Putonghua speaker for China job

    Posted Feb 06th 2010, 12:00am by Eric Ng

    ... and Korea's Posco, Chinese steel firms will have a hard time achieving the goal of setting the so-called China prices instead of following Japan prices,' BOC International mining analyst Belle ...

  10. Foreigners 'key to sale of loans'

    Posted Jun 30th 2005, 12:00am by Staff Reporter

    ... Cinda Asset Management failed to sell 6.5 billion yuan of Tianjin loan receivables acquired from Bank of China (BOC) last year after the international auction drew only two low bids from two ...




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