• Fri
  • Jul 25, 2014
  • Updated: 10:48am

Bank of Shanghai

Shanghai allows city-owned firm to buy bad loans from local banks

The Shanghai government has given approval to a city-owned investment company to buy non-performing loans from local banks, state media reported yesterday.

Saturday, 8 March, 2014, 4:26am

Local banks march to Hong Kong

Three regional lenders are moving ahead with Hong Kong IPO plans due to a need for cash, but may be forced to scrap their plans if sentiment doesn't improve

25 Jun 2013 - 12:39pm

For HSBC, the first love is apparently not the deepest

Remember that old saying: in business, there are no friends, no enemies, but only "interests"? Well, last week, HSBC's chief executive, Stuart Gulliver, gave the saying fresh meaning when talking about his bank's two partners in China.

20 May 2013 - 7:12am 1 comment

HSBC continues China banking divorce

A new media report says global banking giant HSBC is likely to sell-off more of its Chinese assets, continuing an ongoing divorce by top global lenders tired of slow progress in the complex China market.

15 Apr 2013 - 10:55am

HSBC eyes sell-off of other Chinese assets

Following HSBC's high-profile sale of its entire holding in Ping An, China's No 2 life insurer, Europe's biggest bank is expected to dump more non-core assets it holds on the mainland this year to raise capital.

15 Apr 2013 - 5:27am

Municipal bank IPOs beckon for local bourse

In 2001, Bank of China listed its Hong Kong operations on the local exchange, and it was good. Regulators then gave their blessing for the Hong Kong listings of Bank of Communications, China Construction Bank, ICBC and Agricultural Bank of China, and investors rejoiced. It was a great 10-year run, in which Beijing bestowed on the local market giant IPOs that made investors a lot of money.

4 Mar 2013 - 4:08am

Bank of Shanghai, China Everbright plan to go public in Hong Kong

Boosted by a recovery in valuations among listed mainland banks since early September, the share offers could go ahead as soon as the second quarter, say people familiar with the plans.

21 Feb 2013 - 6:07am