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  • September 19, 2014
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  1. Fitch downgrades outlook for local-currency default rating

    Posted Apr 14th 2011, 12:00am

    ... Jane Cai in Beijing Fitch Ratings has downgraded the mainland's local-currency issuer rating on concerns of elevated real-estate valuations and inflation. The outlook for China's long-term local-currency issuer default rating has been revised from 'stable' to 'negative', Fitch said yesterday. 'The negative outlook reflects concerns over the scale ...

  2. CCB profit better than expected in first half

    Posted Aug 23rd 2010, 12:00am by Toh Han Shih

    ... of the price rally in foreign currency debt securities with the improving market. As of June 30, CCB's ratio of allowances to non-performing loans was 204.72 per cent, up 28.95 percentage points ...

  3. Citic Bank earnings grow 97.6pc on increased loans, commissions

    Posted Oct 31st 2008, 12:00am by Staff Reporter

    ... of foreign-currency bond investments in the first nine months, against 15 million yuan in the first half. At the end of September, it held US$1.07 billion worth of mortgage-backed securities backed by Fannie ...

  4. Economic deals not good enough, say China's critics

    Posted May 25th 2007, 12:00am by Ray Cheung

    ... House press release: an eight-letter word, 'currency'.' The two-day economic summit ended on Wednesday. US Secretary Treasury Henry Paulson and Vice-Premier Wu Yi announced new ... on the appreciation of the yuan, although the People's Bank of China did increase the trading band for the currency last week. Democrat Max Baucus, the chairman of the Senate finance committee, expressed ...

  5. Mainland lenders ordered to halt interbank deals with US firms

    Posted Sep 25th 2008, 12:00am by Staff Reporter

    ... losses during the financial crisis, industry sources said yesterday. The ban from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to US banks ... financial meltdown after the mainland's major lenders reported billions of US dollars in exposure to the credit crisis. Lending transactions on the mainland interbank market totalled 10.65 ...

  6. Mainland bank loans may fall as liquidity tightens

    Posted Feb 03rd 2012, 12:00am

    ... and foreign currency loans. Chu also expected the government to continue to discourage banks from issuing new shares when their stock prices were underperforming the sector's growth. Fitch would ...

  7. StanChart says income and profit hit record levels

    Posted Jun 26th 2009, 12:00am by Staff Reporter

    ... it's reasonable to see Standard Chartered continue to post record profits in the second quarter,' he said. 'The only cause for concern is the currency depreciation issue in the Korean ...

  8. Growth in new loans better than expected

    Posted Dec 15th 2011, 12:00am

    ... slowdown. Mainland banks extended 562.2 billion yuan (HK$689.99 billion) in new local currency loans in November, the People's Bank of China said yesterday. Although the figure was lower than ... 'Provided that the euro zone withstands the crisis, China would not need drastic measures like another stimulus package. The central bank is likely to cut the reserve requirement ratio three to four ...

  9. Ask our experts

    Posted Mar 05th 2012, 12:00am

    ... Nomura) is asked: has a reduction in the rate of appreciation of the yuan reduced retail appetite for dim sum bonds? A major driver of investor participation has been the currency play- ... investors are less interested in dim sum bonds due to a slower pace of currency appreciation, but in their place is a broader range of investors with very different investment criteria. The market ...

  10. Asian spreads seen tightening

    Posted Aug 23rd 2004, 12:00am by Staff Reporter

    ... Anette Jonsson Contraction may continue as demand for fixed-income assets exceeds supply China's decision last week to allow insurers to invest 80 per cent of their foreign currency ... US$300 million bond attracted more than $2 billion worth of demand, while the $1 billion tranche of UOB's dual currency offer was said to have drawn $2.5 billion worth of orders. 'We ...




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