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People Daily (Free subscription) | 1 hour ago
China's three leading banks Friday told Xinhua they do not hold the troubled Dubai World bonds. Industrial and Commercial Bank of China, the country's biggest listed lender, said it has no exposure to bonds issued by Dubai World. Bank of China, the country's third-largest, does not hold bonds issued by Dubai World, the Dubai government or any Dubai sovereign funds and related institutions,...
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Market Watch (Free subscription) | 11/26/2009
HONG KONG (MarketWatch) -- Hong Kong shares declined early Thursday with Chinese banking shares weighed down as a weak debut for China Minsheng Bank Corp. Ltd. hurt sentiment. The Hang Seng Index fell 0.6% to 22,477.90 and the Hang Seng China Enterprises Index dropped 0.8% to 13,345.88. Among banks, Bank of China Ltd. lost 0.7% and China Construction Bank Corp. fell 1.4%....
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People Daily (Free subscription) | 11/24/2009
&$ &$The State Council Monday appointed Zhu Min, former vice president of the Bank of China, as deputy governor of the People's Bank of China, the country's central bank. Photo: IC&$ &$ The former vice president of the Bank of China (BOC) Zhu Min's appointment to become vice president of the People's Bank of China, the country's central bank, was officially...
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Market Watch (Free subscription) | 11/24/2009
HONG KONG (MarketWatch) -- Shares of Bank of China ended 4% lower in Hong Kong on Tuesday amid reports the bank is studying ways to raise capital. The bank said it is "actively studying" several plans for the capital raising, although it has yet to finalize any course of action. The bank could raise up to $15 billion to bring it into line with a stricter capital adequacy ratio of...
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Reuters UK (Free subscription) | 11/24/2009
HONG KONG, Nov 24 (Reuters) - Hong Kong stocks are set to open down 0.32 percent on Tuesday, as investors pause after a strong rally in the previous session, while Bank of China slipped 1 percent on news of a possible capital-raising plan.
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Reuters UK (Free subscription) | 11/23/2009
HONG KONG, Nov 23 (Reuters) - Bank of China is in talks with investment banks to raise money to meet Beijing's new capital guidelines, sources familiar with the matter said on Monday, in what could be a roughly $15 billion fundraising effort.
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Market Watch (Free subscription) | 11/24/2009
HONG KONG (MarketWatch) -- Hong Kong shares posted mild losses early Tuesday in spite of strong overnight gains on Wall Street, with Chinese banking stocks turning weak after mainland Chinese regulators warned lenders to meet industry capital requirements. The Hang Seng Index dropped 0.2% to 22,721.80, and the Hang Seng China Enterprises Index lost 0.5%. Bank of China Ltd. lost 1.5%,...
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Daily News Analysis (Free subscription) | 11/23/2009
China's banking regulator has urged big state lenders to raise their capital adequacy ratios to 13% next year after rapid loan expansions in 2009.
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Reuters UK (Free subscription) | 11/24/2009
HONG KONG, Nov 24 (Reuters) - Hong Kong's benchmark index posted its biggest one-day drop in three weeks on Tuesday, falling 1.53 percent, taking its cue from a sharp correction in Shanghai stocks as investors fretted about fund outflows.
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Bloomberg (Free subscription) | 11/24/2009
Nov. 24 (Bloomberg) -- China’s five largest banks submitted preliminary plans for raising capital to the industry regulator after they extended unprecedented amounts of new loans this year, according to four people with knowledge of the matter.
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Reuters UK (Free subscription) | 11/23/2009
HONG KONG, Nov 23 (Reuters) - China's banking regulator has urged big state lenders including Bank of China to raise capital adequacy ratios to 13 percent next year after rapid loan expansions in 2009, according to a source with direct knowledge of the matter.
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People Daily (Free subscription) | 11/21/2009
Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd. (ICBC), China's largest commercial bank, the Malaysian central bank said here on Friday. Bank Negara Malaysia, or Malaysia's central bank, said in a statement issued here on Friday that the Malaysian Finance Ministry had approved the issuance of a commercial bank license to ICBC. The licence...
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Colombo Page (Free subscription) | 11/19/2009
Nov 19, Colombo: Sri Lankan government is to borrow US$ 891 million from the Exim Bank of China to finance the Phase II of the Norochcholai Coal Power Plant Project in Puttalam District.
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People Daily (Free subscription) | yesterday
Potential capital-raising plans have been factored into current valuations of major Chinese bank shares, said a portfolio manager with Neuberger Berman on Wednesday. The independent fund manager said it had cut its exposure to Chinese banking stocks in August, when talk of likely increases in bank capital ratios began to circulate. China's banking regulator wanted large state lenders, including...
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People Daily (Free subscription) | 11/25/2009
Bank of China Ltd., China's third largest bank by market value, is studying various options to replenish its capital to meet new guidelines on the capital adequacy ratio issued from the China Banking Regulatory Commission (CBRC). Although the bank has no detailed plans to disclose yet, it respects the CBRC's requirements on capital ratios and will improve capital planning,...
