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  • September 19, 2014
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  1. China eases bank stake cap

    Posted Nov 01st 2003, 12:00am by Christine Chan

    ... cap individual foreign banks may take in mainland lenders to 24 per cent later this year, according to a senior regulatory official. The landmark decision will give foreign banks greater control of their mainland counterparts, China Banking Regulatory Commission (CBRC) Guangdong deputy director-general Meng Jianbo said. 'This would provide the legal framework allowing foreign ...

  2. China Merchants Bank to take 50pc stake in Cigna & CMC Life

    Posted May 06th 2008, 12:00am by Staff Reporter

    ... in insurers and vice versa. The China Banking Regulatory Commission has indicated it would allow four banks at most to enter the insurance business by taking stakes in mainland insurers. The Shenzhen ... Natalie Chiu China Merchants Bank is paying 141.9 million yuan (HK$158.3 million) for a 50 per cent stake in Cigna & CMC Life Insurance, a joint venture between Philadelphia-based ...

  3. Two mid-sized mainland banks speed up their IPO preparations

    Posted Feb 25th 2011, 12:00am by Staff Reporter

    ... Bank of Shanghai, 8 per cent owned by HSBC Holdings, has filed an application to the China Securities Regulatory Commission, eying a listing on the Shanghai Stock Exchange this year, according ... to raise additional funds to boost their capital because the China Banking Regulatory Commission is likely to raise capital levels in line with the global Basel III accord reached last September. ...

  4. Bank of China looks to London for polish

    Posted Aug 27th 2004, 12:00am by Staff Reporter

    ... and was awaiting approval from the China Banking Regulatory Commission, sources said. 'BOC would like to benefit from his international prestige,' a banker said of the proposed appointment. Mr ... would join former Hong Kong Securities and Futures Commission chairman Anthony Neoh making the first two independent directors of the new Bank of China Ltd (BOC). The new shareholding company ...

  5. Hang Seng Bank gets nod for yuan services

    Posted Mar 01st 2004, 12:00am by Ben Kwok

    ... Ben Kwok Hang Seng Bank has followed its parent HSBC to become the second bank offering yuan services to domestic companies in China. The No2 bank in Hong Kong yesterday said it had received approval from the China Banking Regulatory Commission for its Shanghai and Guangzhou branches to extend its business to domestic companies along with its existing foreign currency ...

  6. Tsang sister named StanChart China chief

    Posted Jan 18th 2005, 12:00am by Louis Beckerling

    ... of Tianjin municipal government. The first regulatory hurdle facing Standard Chartered in its bid to help set up Bohai Bank could be cleared today, when the China Banking Regulatory Commission rules ... Louis Beckerling Standard Chartered Bank has appointed its staff training head, Katherine Tsang King-suen, to the key post of chief executive for China. Ms Tsang, a sister of Chief ...

  7. 30 banks meet capital adequacy rule

    Posted Mar 08th 2005, 12:00am by Staff Reporter

    .... The China Banking Regulatory Commission ruled in March last year that banks were required to have at least an 8 per cent CAR and 4 per cent core CAR by the start of 2007. The number of mainland ... to 47.53 per cent by year-end. The commission aims to bring that ratio to 70 per cent by the end of this year. Also at yesterday's briefing, People's Bank of China governor Zhou Xiaochuan ...

  8. Insurance giant's bank stake raises eyebrows

    Posted Jun 22nd 2009, 12:00am by Wang Xiangwei

    ... integrate SDB with its own banking unit, Ping An Bank. The fact that Ping An and SDB were able to announce the deal means that they must have received tacit consent from the China Banking Regulatory Commission, and also the China Insurance Regulatory Commission, although they need to seek formal approval. What has annoyed many bankers and analysts is the part of the deal that enables Newbridge ...

  9. Xiaolan Bank ready to serve rural clients

    Posted Dec 12th 2008, 12:00am by Staff Reporter

    ... policy rate set by the People's Bank of China, he said. The China Banking Regulatory Commission has been encouraging the development of rural banks as a way to support the rural economy. ... , in Hubei province in association with its mainland subsidiary, HSBC Bank (China). Guo Tianyong, a professor at the Central University of Finance and Economics, said the monetary authorities should ...

  10. CCB diversifies with stake in Hefei trust firm

    Posted May 23rd 2008, 12:00am by Staff Reporter

    ... businesses including brokerage, fund management, financial leasing and insurance operations. In January, the China Banking Regulatory Commission allowed banks and insurance firms to buy into each ... Natalie Chiu China Construction Bank Corp, the country's largest property lender, is ready to buy a controlling stake in Hefei Xingtai Trust to diversify its business and lessen its ...




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