China Minsheng Banking Corp

Minsheng rallies on profit growth

China Minsheng Banking 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.

Thursday, 25 April, 2013, 6:15am

Minsheng net profit below market expectations

China Minsheng Banking's full-year net profit fell short of market expectations. Photo: Bloomberg

China Minsheng Banking fell short of analysts' expectations in its full-year results yesterday.

Despite signs of a pick-up in the economy, the mainland's largest non-state lender posted a net profit of just 37.6 billion yuan (HK$46.8 billion) last year, slightly below the average market projection of 34.13 billion yuan, though it exceeded the 27.9 billion yuan seen in 2011.

19 Jan 2013 - 5:12am

Second-liners take the spotlight amid decline in director activity

Shi Yuzhu, non-executive director of China Minsheng Banking

After surging for two consecutive weeks, directors' buying of shares in their own companies fell in the second week of the month, with 43 companies reporting 149 purchases worth HK$175 million, based on filings made to the stock exchange.

17 Sep 2012 - 1:50am

Minsheng Bank forced to liquidate QDII fund

An overseas equity-based fund operated by China Minsheng Banking Corp has been forced to liquidate after its value fell more than 50 per cent, giving mainland investors a hard lesson in the risks of overseas markets.

Among the qualified domestic institutional investor funds that have made information public, Minsheng Bank's was the first to be dissolved.

27 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

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

Minsheng weighing listing in London

HK, New York unlikely venues for US$2b IPO

A long-awaited listing by China Minsheng Banking Corp may now be headed for the London stock market, people familiar with the on again, off again listing plans said.

9 Oct 2007 - 12:00am

Minsheng placement raises record 18.2b yuan

China Life Insurance and Ping An Insurance (Group), the mainland's two largest insurers, spent a total of 10.8 billion yuan to buy 9.6 per cent of China Minsheng Banking Corp, the nation's first privately held lender, as they continue to increase their investment in the fast-growing banking sector.

20 Mar 2007 - 12:00am

Minsheng Bank profit climbs 43pc

Higher interest income in fast-growing mainland economy boosts earnings at country's largest privately controlled lender

China Minsheng Banking Corp, the mainland's largest privately controlled bank, said its net profit jumped 43 per cent last year thanks to higher interest income in a fast-growing economy.

19 Mar 2007 - 12:00am

Minsheng seeks 24b yuan in share sale

Private lender hopes to strengthen capital adequacy through placement ahead of possible listing in HK

China Minsheng Banking Corp, the country's first privately owned lender, plans to place new shares worth 24 billion yuan in a move to strengthen its capital adequacy before a possible Hong Kong listing.

8 Feb 2007 - 12:00am

Minsheng Bank seeks 4.3b yuan from hybrid bond issue

China Minsheng Banking Corp, the nation's first private bank, plans to raise 4.3 billion yuan by selling a form of upper tier-II bonds to improve its capital adequacy ratio and meet regulatory requirements.

It will launch this new type of hybrid capital bond to institutional investors in the interbank bond market on December 26.

21 Dec 2006 - 12:00am

Minsheng taps HSBC veteran, plans 12b yuan A-share float

China Minsheng Banking Corp, the mainland's first private lender, has picked a 32-year veteran of HSBC as its new president and announced plans to raise about 12 billion yuan by selling shares in the domestic market, officials said yesterday.

18 Jul 2006 - 12:00am