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 [...]
China’s new yuan-denominated lending in February stood at 700.1 billion yuan (102.65 billion U.S. dollars), half that of January’s 1.39 trillion yuan, the People’s Bank of China (PBOC, the central bank) said Thursday.
China’s yuan-denominated lending in 2009 hit a record 9.59 trillion yuan, almost double that of the previous year.
According to PBOC, as of the [...]
China’s banking regulator issued a guideline Wednesday requiring the country’s commercial bank executives and employees’ pay to be based on performance assessment in a move to align the pay system in the sector.
Under the guideline, at least 40 percent of bonuses for banks’ top executives must be deferred for a minimum 3-year period. Banks will [...]
Agricultural Bank of China (ABC) has seen a 26.3 percent surge in its net profit for 2009 as the country’s third-largest lender reaped gains from the country’s rapid credit expansion and reform of its rural operations, said its chairman Xiang Junbo.
Tags: ABC, bank, China Finance
China’s banking regulator will work to ensure “every cent” lent out by the nation’s financial institutions this year enters the real economy to help guard against inflation while maintaining growth, Chairman Liu Mingkang said.
This year “will be extremely complex and full of uncertainties,” Liu said in an interview with Xinhua news agency published late yesterday. [...]
