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Banks

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
Bank of Ningbo and OCBC Renew 10-Year Cooperation Agreement

Bank of Ningbo and OCBC Renew 10-Year Cooperation Agreement

Bank of Ningbo Co. [SHE:002142], a city-level commercial bank headquartered in eastern Zhejiang province, and Singapore’s oldest bank, Oversea-Chinese Banking Corp. [SGX:O39],…

Aug 22, 2017
Dou Shicong
CEB Europe and Luxembourg Branch Get Nod to Start Operation

CEB Europe and Luxembourg Branch Get Nod to Start Operation

Following its receipt of official approval from the European Central Bank, China Everbright Bank Co. (Europe) Ltd. (CEB Europe) started its operations on the continent on July 31.

Aug 16, 2017
Liao Shumin
Balance of PBOC’s Funds Outstanding for Foreign Exchange Drops for 21st Straight Month

Balance of PBOC’s Funds Outstanding for Foreign Exchange Drops for 21st Straight Month

The People’s Bank of China’s balance of funds outstanding for foreign exchange decreased by USD694.7 million (CNY4.65 billion) to CNY21.5 trillion…

Aug 16, 2017
Dou Shicong
China to Slightly Ease Monetary Policy in Second Half, PBOC Advisor Says

China to Slightly Ease Monetary Policy in Second Half, PBOC Advisor Says

China’s tight monetary policy will ease off slightly in the second half and rate hikes are unlikely, Sheng Songcheng, a key advisor to the People’s Bank of China, told Chinanews.com yesterday.

Aug 16, 2017
Tang Shihua
ABC, Mastercard to Work With Major Chinese Audio Platform on Credit Card for Younger Generation

ABC, Mastercard to Work With Major Chinese Audio Platform on Credit Card for Younger Generation

The Agricultural Bank of China Ltd. [SHA:601288] and Mastercard Inc. [NYSE:MA] will work with China’s largest audio sharing platform, Himalaya FM,…

Aug 14, 2017
Zhang Xia
CBRC Fines Five Banks Amid Unprecedented Crackdown on Illegal Banking Activities

CBRC Fines Five Banks Amid Unprecedented Crackdown on Illegal Banking Activities

Amid an unprecedented regulatory crackdown on illegal activities in the banking sector, Citibank China and other four banks have recently…

Aug 14, 2017
Zhang Xia

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