The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.
But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.
The BOC, China’s [...]
The non-performing loan (NPL) rate of China’s five major banks was down by one percentage point to 1.8 percent from the start of the year, the China Banking Regulatory Commission (CBRC) said Thursday.
Non-performing loans fell by 63.8 billion yuan to 357 billion yuan (52.3 U.S. dollars) in 2009, according to the statement, accounting for about [...]
Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate.
But the bank would still maintain its relatively high lending growth rate in order to meet client demand and allow for [...]
The Bank of China (BOC), the country’s largest foreign exchange lender, said it had already completed the preparatory work for establishing its Taiwan branch, according to a statement on the bank’s website.
The bank will submit the application documents as soon as detailed regulations regarding a financial cooperation agreement between the mainland and Taiwan come out, [...]
Chinese banks are set to cut back lending in 2010 but the number and size of loans will still be instrumental in supporting the nation’s economic growth and industrial restructuring drive, senior experts and industry insiders said.
Despite the government’s pledge to maintain a moderately loose monetary policy next year, the credit flood this year could [...]
Bank of China (BOC), the nation’s third largest lender, will maintain relatively rapid credit growth in 2010, but the amount of new loans to be issued is likely to be lower than that of this year, Xiao Gang, chairman of the bank, said yesterday.
“This is in line with the government call to keep a moderately [...]
