Banks

30% of Its Loans Will Go to Private Enterprises, Says BRICS Bank VP

30% of Its Loans Will Go to Private Enterprises, Says BRICS Bank VP

The New Development Bank of BRICS hopes to incorporate private enterprises into their list of loan customers in 2018 or…

Sep 5, 2017
Feng Difan
Banks Freeze USD37 Million in Assets at China’s Leading Electronic Visual Product Maker

Banks Freeze USD37 Million in Assets at China’s Leading Electronic Visual Product Maker

Two banks have frozen USD37.4 million (CNY245 million) in asset funds held by Jiangsu Protruly Vision Technology Group Co. [SHA:600074],…

Sep 4, 2017
Dou Shicong
Chinese Investment Group Plans to Buy Stake in Banque Internationale a Luxembourg for USD1.76 Billion

Chinese Investment Group Plans to Buy Stake in Banque Internationale a Luxembourg for USD1.76 Billion

Chinese investment group Legend Holdings Corp. [HK:3396] plans to make financial services one of its mainstays by acquiring a controlling…

Sep 4, 2017
Dou Shicong
China Development Bank and Bank Mandiri of Indonesia Partner on Bilateral Trade

China Development Bank and Bank Mandiri of Indonesia Partner on Bilateral Trade

China Development Bank and Bank Mandiri of Indonesia signed a strategic cooperation memorandum of understanding at an event in Jakarta,…

Aug 31, 2017
Xu Wei
Bank of China’s Half-Year Net Profit Increases Over 10% on Commercial Banking Business Growth

Bank of China’s Half-Year Net Profit Increases Over 10% on Commercial Banking Business Growth

Bank of China Ltd.’s [SHA:601988; HK:3988] net profit increased more than 10 percent in the first half on commercial banking business growth.

Aug 31, 2017
Zhang Xia
ICBC Reports Higher First-Half Net Profit Growth, Provision Coverage Holds to Less Than 150%

ICBC Reports Higher First-Half Net Profit Growth, Provision Coverage Holds to Less Than 150%

Improved financing management, tighter risk control and promotion of innovation and transformation allowed Industrial & Commercial Bank of China Ltd [SHA:601398; HKG:1398]…

Aug 31, 2017
Xu Wei
ICBC Holds Talks With Persian Gulf States on Panda Bond Issuance

ICBC Holds Talks With Persian Gulf States on Panda Bond Issuance

Industrial and Commercial Bank of China Ltd. [SHA:601398; HK:1398] is in talks with entities in Persian Gulf states on the issuance of yuan-denominated bonds, Wallstreetcn.com reported yesterday.

Aug 31, 2017
Xu Wei
Agricultural Bank of China’s Net Profit Rises 3.4% in First Half

Agricultural Bank of China’s Net Profit Rises 3.4% in First Half

Net interest income enabled Agricultural Bank of China Ltd. [SHA:601228; HK:1288] to report net profits of CNY109 billion in the first half, up 3.4 percent over the same period last year.

Aug 31, 2017
Xu Wei
Bank of Guiyang’s First-Half Profits Soar 23% on Increased Revenue from Bond Investments

Bank of Guiyang’s First-Half Profits Soar 23% on Increased Revenue from Bond Investments

Bank of Guiyang Co. [SHA:601997] saw profits rise by more than 20 percent in the first half thanks to increased revenue from bond investments.

Aug 30, 2017
Xu Wei
China’s Fifth Largest Bank Plans Shanghai Stock Exchange Listing

China’s Fifth Largest Bank Plans Shanghai Stock Exchange Listing

Nearly a year after its successful initial public offering on the Stock Exchange of Hong Kong’s main board, Postal Savings…

Aug 30, 2017
Dou Shicong
First-Half Profits at China Minsheng Bank Rise After 80% Tax Cut

First-Half Profits at China Minsheng Bank Rise After 80% Tax Cut

China Minsheng Banking Corp.’s [SHA:600016; HKG:1988] net profit climbed slowly in the first half of this year as earnings growth stabilizes and it lopped a hefty sum off its tax burden.

Aug 29, 2017
Zhang Xia

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