China Development Bank to go beyond infrastructure lending business
China Development Bank (CDB) will strengthen operations in development financing to fuel the continuous growth of the national economy, its head said yesterday.
Bank of China files IPO application
Bank of China, the mainland's No. 2 lender, has filed an application this week with Hong Kong's stock exchange for its initial public stock offering, a person familiar with the deal said Wednesday.
China to issue 60b yuan worth of T-bonds
China said Friday it has decided to issue 60 billion yuan (7.5 billion US dollar) worth of certificate treasury bonds with terms of maturity of up to five years next month, the first batch of of its kind to be issued this year.
Citigroup raises bid for Guangdong bank
Citigroup Inc, the world's biggest bank, raised its bid for Guangdong Development Bank to 24.1 billion yuan (US$3 billion), trumping two rival offers for the State-owned Chinese lender, sources involved in the talks said.
China hikes interest rate on US dollar deposits
China raised interest rates on US dollar and Hong Kong dollar deposits yesterday, a move that analysts say is a response to higher interest rates on the international market.
Chinese Top official: China's state-owned bank bailouts to end
China's state-owned banks will receive no more government cash bailouts for business losses after they absorb new private investment, the country's top banking inspector told a Chinese-language newspaper.
Temasek to buy 5% of Bank of China
Singapore's state-run investment agency Temasek Holdings has won approval from China's central bank to buy a 5 percent stake in Bank of China, half what it had sought, the Caijing business magazine said in its latest edition published on Monday.
Deutsche Bank to buy Guangdong bank shares
DBS and Deutsche Bank are to purchase 10 billion shares in Guangdong Development Bank (GDB) at a price of 17.7 billion yuan (US$2.18 billion). But they will not take a controlling stake, according to a source near the top management of GDB.
Royal Bank of Scotland said to seek Bank of China stake
Royal Bank of Scotland, one of the world's biggest banks, is considering acquiring a stake in Bank of China, one of China's Big Four State-owned banks, published reports said.
Loans may be easier for older properties
The Shanghai Branch of the People's Bank of China (PBOC) called on local financial institutions to relax their mortgage lending limits on older properties earlier this week at a private meeting with bankers to discuss latest financial issues in Shanghai.
China's central bank said cooling yuan down
The Chinese yuan was pushed to a post-revaluation low against the U.S. dollar as China's central bank is said having intervened into the market in the last minute on Wednesday, the Reuters reported.
Goldman Sachs eyes stake in China's Industrial and Commercial Bank of China
Goldman Sachs is eyeing a substantial equity investment in China's largest bank, Industrial and Commercial Bank of China (ICBC), a local newspaper reported yesterday.
China Construction Bank inks Singapore banking alliance
China Construction Bank (CCB) said yesterday it has reached an agreement with the Singapore-headquartered Temasek Holdings (Private) Limited on entering into a strategic partnership.
Zhou: Interest rates to stay 'relatively low'
People's Bank of China Governor Zhou Xiaochuan said the country will keep interest rates "relatively low" to help boost consumer spending and eliminate a trade surplus that has led to tensions with Europe and the U.S.
China central banker: 'Time is not ripe' to drop yuan peg
China's central bank governor Zhou Xiaochuan said it's too soon to drop the decade-old yuan peg and that he has no plans to discuss the currency's link to the U.S. dollar at a weekend meeting of the world's central bankers in Basel, Switzerland.
Bank of America buys stake in China Construction Bank
Bank of America announced Friday that it will take a stake of about 9 percent in state-owned China Construction Bank, becoming the latest international lender to grab a strategic shareholding in China's banking market.
Central bank cuts inflation forecast
China's central bank cut its 2005 inflation forecast, one day after data showed consumer price rises hovering at 19-month lows, suggesting an interest rate hike is not an immediate prospect.
Central Bank relaxes rules on trading bonds
China's central bank announced yesterday that non-financial institutions will now be able to trade bonds in the nation's 4.4 trillion yuan (US$530 billion) interbank bond market.
China's Bank of Communications to list in Hong Kong
China's Bank of Communications, the country's fifth-largest commercial lender, plans to list in Hong Kong on June 23 after launching an initial public offering.
China's money supply and credit growth showed a steady rise
China's money supply and credit growth showed a steady rise in May, providing further evidence that government austerity measures are keeping the economy on the right track.
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