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Chinese banks warned of growing bad loans

China's banking sector was warned bad loans are growing due to overdue borrowings at a time when economic growth is slowing on the mainland, according to an analysis by PricewaterhouseCoopers (PwC).

24 Apr 2014 - 5:38PM

China's banking sector was warned bad loans are growing due to overdue borrowings at a time when economic growth is slowing on the mainland, according to an analysis by PricewaterhouseCoopers (PwC).

Chinese banks warned of growing bad loans
PBOC cuts reserve ratio for rural banks but analysts sound caution

The People's Bank of China said it would lower the reserve requirement ratio at county-level rural banks by 200 basis points from Friday, but some analysts cautioned that adding liquidity too fast could cause a rise in financial risks.

20 Jun 2018 - 5:47PM

The People's Bank of China said it would lower the reserve requirement ratio at county-level rural banks by 200 basis points from Friday, but some analysts cautioned that adding liquidity too fast could cause a rise in financial risks.

PBOC cuts reserve ratio for rural banks but analysts sound caution
Sun Hung Kai Financial boss focuses on wealth management and DIY trading
HKMA remains vigilant in 'unstable' environment

Hong Kong and emerging markets will likely face continued capital outflows given tapering by the US Federal Reserve and the gradual normalisation of interest rates from a very low level, the top official of the Hong Kong Monetary Authority said.

26 Jan 2018 - 4:14PM

Hong Kong and emerging markets will likely face continued capital outflows given tapering by the US Federal Reserve and the gradual normalisation of interest rates from a very low level, the top official of the Hong Kong Monetary Authority said.

HKMA remains vigilant in 'unstable' environment
Hong Kong yuan business lures non-local banks

An increasing number of non-local banks are entering the Hong Kong market to grab a slice of the growing yuan-related business.

14 Apr 2014 - 7:32AM

An increasing number of non-local banks are entering the Hong Kong market to grab a slice of the growing yuan-related business.

Hong Kong yuan business lures non-local banks
Hong Kong banks vie for edge in yuan deposits with high rates

Hong Kong banks are stepping up efforts in the battle for yuan deposits with high interest rate promotions in the currency, which has fallen the most among Asian units this year.

20 Jul 2018 - 2:53PM

Hong Kong banks are stepping up efforts in the battle for yuan deposits with high interest rate promotions in the currency, which has fallen the most among Asian units this year.

Hong Kong banks vie for edge in yuan deposits with high rates
Banks face credit woes as market reform spurs defaults

Mainland banks' credit quality is likely to worsen this year as the government may allow more defaults in a market-driven adjustment to the banking industry and sectors plagued with overcapacity problems, credit rating agency Standard & Poor's said.

4 Apr 2014 - 1:14AM

Mainland banks' credit quality is likely to worsen this year as the government may allow more defaults in a market-driven adjustment to the banking industry and sectors plagued with overcapacity problems, credit rating agency Standard & Poor's said.

Banks face credit woes as market reform spurs defaults
Fitch puts OCBC on negative watch after Wing Hang deal

Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.

4 Apr 2014 - 5:24AM

Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.

Fitch puts OCBC on negative watch after Wing Hang deal
Singapore’s OCBC to buy Wing Hang Bank for HK$38.4b

Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, has offered HK$38.4 billion to fully acquire Wing Hang Bank, the eighth-largest lender in Hong Kong, to tap into increasing money flows between Southeast Asia and China.

2 Apr 2014 - 1:10AM

Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, has offered HK$38.4 billion to fully acquire Wing Hang Bank, the eighth-largest lender in Hong Kong, to tap into increasing money flows between Southeast Asia and China.

Singapore’s OCBC to buy Wing Hang Bank for HK$38.4b
China Construction Bank eyes issue of 20b yuan of subordinate debt
ANZ eyes Asian assets to expand in region

The Australia and New Zealand Banking Group (ANZ) is looking to buy assets with strong ties to Asia to expand its business on the continent and become a super-regional bank, but its chief executive says the lender will be cautious about acquisitions going forward.

31 Mar 2014 - 8:00AM

The Australia and New Zealand Banking Group (ANZ) is looking to buy assets with strong ties to Asia to expand its business on the continent and become a super-regional bank, but its chief executive says the lender will be cautious about acquisitions going forward.

ANZ eyes Asian assets to expand in region
Dah Sing Bank taps market for cash after profit increases
Bank of China (Hong Kong) flags cut to dividend payout ratio
Agricultural Bank on target with 14.5pc profit jump

Agricultural Bank of China, the mainland's third-largest lender in terms of market capitalisation, saw the slowest profit growth since its 2010 listing but last year's results were in line with market expectations, with slightly improved credit quality and a more or less stable lending margin.

26 Mar 2014 - 5:29AM

Agricultural Bank of China, the mainland's third-largest lender in terms of market capitalisation, saw the slowest profit growth since its 2010 listing but last year's results were in line with market expectations, with slightly improved credit quality and a more or less stable lending margin.

Agricultural Bank on target with 14.5pc profit jump
Big Four mainland China banks see profit growth slowing

The mainland's four biggest banks are expected to report the slowest profit growth for last year since the global financial crisis in 2008 amid shrinking margins and surging bad-loan write-offs.

20 Jun 2018 - 3:12PM

The mainland's four biggest banks are expected to report the slowest profit growth for last year since the global financial crisis in 2008 amid shrinking margins and surging bad-loan write-offs.

Big Four mainland China banks see profit growth slowing
Hong Kong has more millionaires than ever – but one in 10 are considering leaving the city

The number of millionaires in Hong Kong shot up by more than 20 per cent last year, but nearly one in 10 in the city are considering moving away, according to a survey by Citibank.

19 Mar 2014 - 4:28PM

The number of millionaires in Hong Kong shot up by more than 20 per cent last year, but nearly one in 10 in the city are considering moving away, according to a survey by Citibank.

Hong Kong has more millionaires than ever – but one in 10 are considering leaving the city
DBS buys private banking business of Societe Generale in Singapore and Hong Kong
China exposure a double edged sword for Hong Kong banks

Hong Kong banks' mainland exposure has been a strong growth driver for income but has also been a drag on their valuation, say some experts.

17 Mar 2014 - 2:48AM

Hong Kong banks' mainland exposure has been a strong growth driver for income but has also been a drag on their valuation, say some experts.

China exposure a double edged sword for Hong Kong banks
Hong Kong's first P2P online lender to expand in Asia

Hong Kong's first home-grown peer-to-peer (P2P) online lending platform is set to expand outside the city in six months and double its headcount after being in operation for just seven months.

17 Mar 2014 - 2:27AM

Hong Kong's first home-grown peer-to-peer (P2P) online lending platform is set to expand outside the city in six months and double its headcount after being in operation for just seven months.

Hong Kong's first P2P online lender to expand in Asia
Hong Kong banks battle for deposits earlier this year
Brokers flee HSBC for Chinese investment banks in Hong Kong
HSBC targets higher lending margins
BEA beats rivals with impressive financial results

Bank of East Asia appears to have emerged as the winner in the latest round of results announcements among leading listed banks in Hong Kong, as a clean balance sheet and sound growth momentum impressed investors more than international peers HSBC and Standard Chartered.

10 Mar 2014 - 6:26PM

Bank of East Asia appears to have emerged as the winner in the latest round of results announcements among leading listed banks in Hong Kong, as a clean balance sheet and sound growth momentum impressed investors more than international peers HSBC and Standard Chartered.

BEA beats rivals with impressive financial results
Liquidity concerns to slow loan growth in Hong Kong
Wing Hang Bank increases net profit 21.3pc to record HK$2.19 billion
StanChart poised for slowing growth

Standard Chartered's decade of rising earnings is expected to come to an end when the emerging-markets-focused British bank delivers its results for last year on Wednesday.

3 Mar 2014 - 7:06AM

Standard Chartered's decade of rising earnings is expected to come to an end when the emerging-markets-focused British bank delivers its results for last year on Wednesday.

StanChart poised for slowing growth
SHK Financial looks to Qianhai for growth

Sun Hung Kai Financial, one of the oldest brokerage firms in the city, is pinning its hopes for growth on its establishment of a presence in Qianhai, as it contends with headwinds from increased regulatory measures amid a tight credit environment.

3 Mar 2014 - 2:59AM

Sun Hung Kai Financial, one of the oldest brokerage firms in the city, is pinning its hopes for growth on its establishment of a presence in Qianhai, as it contends with headwinds from increased regulatory measures amid a tight credit environment.

SHK Financial looks to Qianhai for growth
Need seen for hedging services to offset volatility

Growing demand for the yuan in trading among local companies and in global trade is expected to continue despite increased volatility in the mainland currency, spurring the need for yuan hedging services to help offset potential losses caused by short-term currency fluctuations.

3 Mar 2014 - 2:59AM

Growing demand for the yuan in trading among local companies and in global trade is expected to continue despite increased volatility in the mainland currency, spurring the need for yuan hedging services to help offset potential losses caused by short-term currency fluctuations.

Need seen for hedging services to offset volatility
HSBC’s shares drop after it misses earnings forecasts
HSBC stock set to fall in Hong Kong as Q4 profit disappoints

Asian investors look set to sell HSBC stock when the market opens in Hong Kong today after Europe's biggest bank saw its profit slip in the fourth quarter of last year as provisions and levy commitments rose and revenue remained flat.

20 Jul 2018 - 2:53PM

Asian investors look set to sell HSBC stock when the market opens in Hong Kong today after Europe's biggest bank saw its profit slip in the fourth quarter of last year as provisions and levy commitments rose and revenue remained flat.

HSBC stock set to fall in Hong Kong as Q4 profit disappoints