• Thu
  • Aug 21, 2014
  • Updated: 9:47am

Bank of Beijing

City lenders explore new ground

Some local mainland banks are trying to get an edge over the country's Big Four state lenders by expanding into non-banking businesses that are relatively new to the domestic players.

Monday, 5 November, 2012, 3:25am

Bank of Beijing turns cautious on HK listing

Bank of Beijing, the country's biggest city lender, is turning cautious in its preparation for a public share offering in Hong Kong due to uncertainties caused by the United States subprime crisis and the mainland's tightening monetary policy.

12 Apr 2008 - 12:00am

Management defends murky circumstances of underage shareholders

Bank of Beijing claims that it has done nothing wrong in having dozens of shareholders under the age of 18 - including a 10-year-old - on its investor registry.

23 Oct 2007 - 12:00am

Bank of Beijing plots nationwide expansion

Bank of Beijing, the Shanghai-listed city commercial lender, has set its sights on transforming itself into a countrywide diversified financial company but will keep its base in the capital city.

Chairman Yan Bingzhu said his bank aimed to build a strong brand and expand into other parts of the country to provide different financial services.

19 Oct 2007 - 12:00am

Bank of Beijing rises 81pc on trading debut

Shares of Bank of Beijing soared 81 per cent on their trading debut yesterday, boosted by mainland investors' increasing attraction to the banking sector.

The country's third city commercial bank to go public closed in Shanghai at 22.68 yuan, up 10.18 yuan from the initial public offering price. A total of 461 million shares changed hands on turnover of 10.93 billion yuan.

20 Sep 2007 - 12:00am

Bank of Beijing gets IPO go-ahead

Bank of Beijing yesterday received regulatory approval to float 1.2 billion shares on the Shanghai Stock Exchange, an offering expected to attract considerable investor interest.

The third mainland city commercial bank to go public is likely to raise as much as 12 billion yuan by selling a 19.3 per cent stake to investors in the initial public offering, analysts said.

28 Aug 2007 - 12:00am

Bank of Beijing takes first step in bid to go national

Bank of Beijing said yesterday it would open a branch in the nearby city of Tianjin by the end of the year, making it only the second of the country's 113 city commercial banks to receive approval to expand beyond its home market.

'This is the first step in our expansion to the whole country,' said Yan Xiaoyan, president of Bank of Beijing.

10 Aug 2006 - 12:00am

Deutsche exit leaves ING poised for Bank of Beijing stake

Deutsche Bank had suspended efforts to buy a stake in mid-tier lender Bank of Beijing, a source said yesterday.

The pull-out would leave Dutch rival ING favourably placed to acquire the stake, reportedly 19.98 per cent, in the mainland's 16th-largest commercial bank.

11 Feb 2005 - 12:00am