China Minsheng Bank

Minsheng makes profitable Hong Kong start

Lin Zhihong

Many mainland bank operations in Hong Kong took at least three years to see a profit, said Lin Zhihong, chief executive of China Minsheng's Hong Kong business, which made a net profit of more than HK$100 million at the end of last year. It completed a year this March.

Thursday, 16 May, 2013, 4:12am

Beijing told to make it easier for state banks to lend to SME firms

China Minsheng Bank. Photo: EPA

China Minsheng Bank is urging Beijing to reduce its shareholdings in mid-sized banks to allow them to be able to lend more to the often-ignored small and medium-sized enterprises (SMEs).

12 Mar 2013 - 6:54am

Asset worries see Minsheng Bank take a tumble

The price of China Minsheng Bank shares fell yesterday on news that two brokerage houses had downgraded its ratings over concerns of deteriorating asset quality and narrowing profits due to a regulatory change.

6 Sep 2012 - 4:03am

Art in the frame in graft probe

Beijing's latest major anti-corruption action, which already has ensnared at least two mainland bankers and a property developer, is now widening to art auction and investment circles, underscoring the complexity of the investigation.

4 Jul 2012 - 12:00am

Another banker caught in ABC graft probe's net

A corruption investigation involving Agricultural Bank of China (ABC), one of the mainland's Big Four state-controlled banks, has implicated a smaller Chinese bank and threatens to ring in more mainland lenders and property developers.

2 Jun 2012 - 12:00am

Minsheng to shore up funds

China Minsheng Banking Corp, which has won regulatory approval to issue new shares and bonds in order to raise its capital levels, is just the latest mainland bank to move to shore up its balance sheets.

3 Sep 2011 - 12:00am

Rental surge reflects commercial boom

Rents at grade A office buildings in Wuhan's business districts grew strongly in the second quarter, thanks to increasing demand from the commercial sector, especially multinational corporations.

30 Aug 2011 - 12:00am

Local government loans 'well covered' - Minsheng

China Minsheng Banking Corporation, seeking to reassure investors, said yesterday that none of the loans it had extended to local government financing vehicles had defaulted.

24 Aug 2011 - 12:00am

Fees, interest margins and loans lift lenders

Eight of the nine mainland banks listed in Hong Kong will post an average year-on-year net profit growth of 32 per cent in the first quarter, Barclays Capital says.

28 Apr 2011 - 12:00am

Comtec ends 5.7pc lower after firm start

Comtec Solar Systems Group, which makes monocrystalline solar wafers, yesterday failed to impress investors with its trading debut, with its shares falling 5.7 per cent below the offer price of HK$2.10 to close at HK$1.98.

31 Oct 2009 - 12:00am

Minsheng looks beyond banking

China Minsheng Banking Corp may invest as much as 15 billion yuan (HK$16.45 billion) in non-banking financial operations to access new business areas in the increasingly competitive domestic banking sector once the central government approves the establishment of a financial holding company.

10 Mar 2008 - 12:00am

Minsheng Bank profit climbs 69pc

Shanghai-listed China Minsheng Banking Corp yesterday reported a 69 per cent jump in net profit for the year to December on strong growth in non-interest income.

Net profit totalled 6.34 billion yuan (HK$6.95 billion), up from 3.76 billion yuan a year earlier, following a 44.98 per cent rise in turnover to 25.3 billion yuan.

4 Mar 2008 - 12:00am

Wealth management a big money-spinner

If you are already filthy rich but want to be stinking rich, what do you do? For a growing number of wealthy mainlanders, the first step is to hire a personal banker.

10 Dec 2007 - 12:00am

Minsheng profit surges 70pc on robust credit

China Minsheng Banking Corp, the mainland's first privately owned lender, said profit for the first nine months this year jumped 70 per cent as it earned more fees, commission and interest amid rising demand for financial products and loans.

20 Oct 2007 - 12:00am

Foreign buys bad for China bank bulls

Investors buying into Chinese bank stocks on expectations they are about to embark on an overseas acquisition spree may be making a big mistake.

News over the weekend that China Minsheng Banking Corp is to buy a stake in the parent of California's United Commercial Bank set light to mainland bank stocks when trading reopened yesterday after the long holiday.

9 Oct 2007 - 12:00am