Mainland bad-loan risks are manageable although non-performing loans are on the rise, China Banking Regulatory Commission vice-chairman Cai Esheng said.Friday, 30 November, 2012, 2:53am
Industrial and Commercial Bank of China said it would not adjust loan targets or accelerate lending, even though the world's second biggest economy is slowing and the government is relaunching infrastructure projects to boost growth.1 Jun 2012 - 12:00am
In the B2 article on April 6 'Yuan deposits could put pressure on corporate rates', Hang Seng Bank head of corporate and commercial banking Nixon Chan Lik-sang was incorrectly reported as saying Hong Kong Monetary Authority restrictions meant banks can only lend out 70 per cent of their deposits.7 Apr 2011 - 12:00am
China Merchants Bank, which won approval to set up a branch in the United States last month, is stepping up expansion in overseas markets and looking for acquisition targets.
'We're doing research into overseas mergers and acquisitions. It's still at a very preliminary stage,' chairman Qin Xiao said last night at the bank's 135th anniversary cocktail function.20 Dec 2007 - 12:00am
Just two years ago the mainland's city commercial banks were ridden with debt, short of cash and irredeemably provincial.
Since then the best municipal lenders have been restructured, recapitalised, and have emerged as some of the most profitable financial institutions in the country with enviable asset quality and ambitions to expand beyond their local origins.8 Oct 2007 - 12:00am
Central bank sees new threat from loose credit
Loose credit policies are threatening a fresh spate of bad loans, the mainland central bank warned in a report aimed at regional governments and local lenders.2 Aug 2007 - 12:00am
China's rural credit co-operatives (RCCs) emerged in the 1950s as the backbone of the rural financial system, extending credit to farmers to buy spring seed and build new homes.2 Jan 2007 - 12:00am
Car sales in China are booming but the business of providing credit to buyers fell sharply last year, thanks to widespread fraud and the withdrawal of many banks and insurance companies from the market.6 May 2006 - 12:00am