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China Construction Banki

Founded in 1954 as the People’s Construction Bank of China, China Construction Bank is one of the 'big four' banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.

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Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country.

Some of the 3.2 billion yuan (US$450 million) worth of commemorative coins and banknotes issued by China’s central bank may deliver handsome profits for resellers on popular local e-commerce platforms.

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The bank will be the nation’s first big state bank to sell loss-absorbing bonds to plug a major funding shortfall before a 2025 deadline to meet global capital requirements

The Hurun Report found that the intangible assets of the mainland’s 100 biggest indigenous brands with at least 60 years of history were valued at a combined 9.43 trillion yuan (US$1.32 trillion) in 2023, compared to 9.87 trillion yuan the previous year.

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China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

A Post review of midyear financial reports by 18 ‘systemically important’ banks in China finds that more than two-thirds have higher outstanding non-performing property loans.

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Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.

Chinese authorities are easing mortgage rules and extending tax refunds for homebuyers in a bid to prop up the faltering property market and boost the economy.

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China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.

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Top banks like ICBC and China Construction Bank are offering LGFVs loans with ultra-long maturities and temporary interest relief to prevent a credit crunch amid growing tension in the US$9 trillion debt market.

Investors have been snapping up Chinese banking stocks at a pace not seen since the 2015 market bubble in the hopes that lenders’ profit growth will accelerate and government-led drives to boost valuations and improve efficiency at SOEs will underpin sentiment.

China’s megabanks are planning at least 40 billion yuan (US$5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.

Chinese lenders largely shrugged off the recent banking crisis in developed markets, gaining in value to take the top five spots in a league table of Asia-Pacific banks ranked by market capitalisation.

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Major banks have reported declining net interest margins, a crucial measure of their profitability, while the struggling property market portends slower growth, if not an outright contraction, in new mortgage applications.

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More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic.

Tian Huiyu has been arrested on suspicion of “taking bribes and abusing power”, according to Chinese state-owned broadcaster CCTV, citing the country’s top prosecutor.

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ICBC, the world’s largest bank by assets, sees more challenges ahead in staving off the impact of China’s strict zero-Covid measures on its loan quality.

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Local governments, banks and media have been promoting the e-CNY through new trials, but transaction volume remains minuscule compared with China’s massive mobile payments market.

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Chinese state-owned banks are likely to deliver single-digital growth in first-quarter net profits when they report their results on Friday, but the outlook for the rest of the year is less clear.

The National Supervisory Commission, China’s top anti-corruption watchdog, said on Friday that it was investigating Tian Huiyu for a suspected “serious violation of the party’s discipline and law”.

Dividend payments by onshore Chinese companies likely to exceed 1 trillion yuan for financial year 2021 for the first time, according to S&P Global Market Intelligence.

Tsingshan Holding Group, which faces billions of dollars in potential losses on short positions in nickel futures, won credit promises from banks including JPMorgan Chase and China Construction Bank, according to people familiar with the matter.

Twelve Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until further notice.

The Beijing-based company, set up in 1999 to manage the bad loans of China Construction Bank, did not say why it withdrew from the December 24 plan.

Comments by People’s Bank of China show it is falling in line with Beijing’s renewed emphasis on ‘stability’, while an economist says China must ‘seize this window of opportunity’ to implement domestic-facing policies.

Chinese banks exited the third quarter with marginal improvement in bad loan ratios. Lending to developers may still become troublesome as Evergrande and distressed peers struggle to repay.

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Top architects, engineers from mainland China invited to share expertise with local students as part of high-profile campaign to instil patriotism in Hongkongers.

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