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 [...]
China’s banking regulators may raise large commercial banks’ capital adequacy ratio to 11.5 percent from an earlier 11 percent level, people familiar with the matter confirmed.
The 21st Century Business Herald said on Friday that the regulators may ask the country’s top five banks to apply the increase.
“The regulators meanwhile requires all the commercial banks to [...]
When Wenzhou entrepreneur Hu Bin became the first Chinese investor in Dubai’s World Islands project in 2007 and bought the 30,000 sq m “Shanghai Island”, he was regarded by his hometown media as the nation’s hero. However, two years later, his investment is being scoffed at as a loser’s bet as work has come to [...]
China Construction Bank (CCB) will buy the entire 50 percent stake held by Dutch financial conglomerate ING Groep NV in Pacific Antai Life Insurance Co, to further expand its presence in the insurance sector.
The acquisition will expand CCB’s customer base and also help it to integrate its banking and insurance businesses, the bank said in [...]
China Construction Bank (CCB) Corp. Monday said it has some exposure to the Middle East, but will not suffer substantial impact from the Dubai debt crisis as the exposure takes a very small percentage in CCB’s total assets.
Wang Lin, a spokesperson for China’s second-largest lender, did not specify details on CCB’s exposure to the Middle [...]
Foster’s Group Ltd, Australia’s biggest brewer, never borrowed from China until this year, when Bank of China helped arrange $500 million in loans to refinance debt.
Chinese lenders are “injecting large amounts of liquidity”, said Peter Kopanidis, group treasurer at Melbourne-based Foster’s.
The combination of the world’s fastest-growing economy and “a very different deposit base” is helping [...]
