• Wed
  • Oct 22, 2014
  • Updated: 6:30am

Banking in China

Concern raised over China credit growth

Total lending from banks and other financial institutions on the mainland was 198 per cent of gross domestic product last year, compared with 125 per cent four years earlier, according to calculations by Chu, the company's Beijing-based head of China financial institutions.

Thursday, 30 May, 2013, 4:33am

Beijing prepares rates reform to ease yuan curbs

The government could scrap the floor for lending rates as early as the end of this year, according to Ba Shusong, a researcher at the Development Research Centre, a policy think tank of the State Council, in a move that would allow market forces to play a bigger role in setting interest rates.

24 May 2013 - 4:38am

Bad loans swell as China economy slows

Loans overdue at least three months grew 6.8 per cent to 526.5 billion yuan (HK$665.2 billion) in the first quarter, with the non-performing loan ratio climbing to 0.96 per cent at the end of March from 0.95 per cent last year, the China Banking Regulatory Commission said yesterday.

16 May 2013 - 3:53am

Ex-CCB man takes control at Merchants Bank

China Merchants Bank said the China Banking Regulatory Commission had appointed Tian Huiyu to replace Ma Weihua as party secretary of the Shenzhen-based lender.

9 May 2013 - 4:39am

Minsheng rallies on profit growth

China Minsheng Banking, the nation's largest privately owned lender, said net profit surged 20 per cent in the first quarter as strong fee and commission earnings more than offset shrunken profits from making loans.

25 Apr 2013 - 6:15am

Cash-strapped Chinese banks turn to Hong Kong

Mainland banks are reviving their listing plans to raise money in Hong Kong this year as Beijing continues to keep an indirect hold on onshore initial public offerings.

25 Apr 2013 - 5:38am

Boost to China's money supply brightens outlook

New loans extended by mainland banks and non-bank entities grew more than anticipated last month, suggesting there is ample liquidity available to support a recovery in the world's second-largest economy.

12 Apr 2013 - 5:58am

Signs of new life in I.P.O. market

Hong Kong's dismal listings market has shown signs of a nascent recovery with some municipal-level mainland lenders and brokerage houses signalling they will retry offerings amid improving sentiment.

5 Apr 2013 - 5:10am

'Too big' ICBC announces slowdown in growth

ICBC, the world's largest bank by market value and assets, plans to slow down asset expansion this year and tolerate a higher bad-loan ratio, underscoring the pressure from stricter capital rules and the anticipation of an economic slowdown.

28 Mar 2013 - 5:52am

Bocom says no new capital needed as profit jumps

Bank of Communications (Bocom) said its existing capital could sustain the growth of the bank and it had no plan to raise funds in the equity market. The bank's net profit jumped 15 per cent to 58.3 billion yuan (HK$72.8 billion) last year, in line with market expectations. It declared a final dividend of 24 fen.

28 Mar 2013 - 6:31am

Chasing shadows

One year after the mainland's leaders picked Wenzhou to start a pilot programme designed to curb and regulate the city's informal shadow-lending networks, it's clear the plan isn't working. Small firms it intended to benefit still can't access loans because they lack collateral and are struggling to stay afloat. 

28 Mar 2013 - 6:31am

Standard Chartered keen to grow branch numbers on mainland China

Peter Sands, the chief executive of the British bank, said the mainland would be one of the drivers for the group in the coming years.

14 Mar 2013 - 7:47am

PBOC sounds warning over local government loans

People's Bank of China governor Zhou Xiaochuan said attention needed to be paid to the development of local governments' financing vehicles and their hidden risks.

14 Mar 2013 - 7:47am

Conviction endangers respect for the law

Take note of what this ridiculous law actually says. It is a crime to handle money in a way that looks to others as if you are laundering it, whether or not you are actually doing so and whoever these others may be.

14 Mar 2013 - 6:41am 10 comments

China's new leaders likely to loosen interest-rate controls

Twelve of 16 analysts expect Beijing to relax or remove the cap on deposit rates or the floor on lending rates, according to a survey conducted before Xi Jinping's appointment as president tomorrow. A majority sees at least minor changes to the birth and registration policies.

14 Mar 2013 - 7:47am

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