Home buyers seeking a loan to buy a second home may face a harder time securing a mortgage in Shanghai because banks are reportedly tightening up their mortgage policies.
Most banks declined to comment on the issue, saying it’s sensitive or quoting regulator’s rules. But sources said yesterday that Bank of Communications will tighten approval of [...]
Net profit of the China Merchants Bank declined 16.3 percent year on year in the third quarter of this year because of shrinking loan margins.
Net profit in the July-September period reached 4.82 billion yuan (705.12 million U.S. dollars), the lender said in a quarterly report to the Shanghai Stock Exchange Friday. Its net profit amounted [...]
China Merchants Bank (CMB), the country’s sixth largest lender, had a net profit of 8.26 billion yuan (120.9 million U.S. dollars) in the first half of this year.
The profit represents a drop of 4.98 billion yuan, or 37.62 percent from the same period last year, according to the bank’s half-year report on Saturday.
By the end [...]
China Merchants Bank expects its net interest margin to recover rapidly when interest rates in the country start to increase, senior bankers said yesterday.
The bank was hit hard by its debt allocation in the first half of this year as its current deposits were high, which caused its profit to drop, said Ma Weihua, president [...]
China’s coal bed methane (CBM) producers and coal miners will be encouraged to work together to produce more methane gas as a clean energy source while also ensuring mine safety.
“The government will revise the existing Mineral Resources Law, which will cover a change of licensing for CBM production and coal mining,” said Chen Xianda, deputy [...]
China Merchants Bank (CMB), the country’s sixth largest, will use part of the money to be raised in a share issuing plan at Shanghai and Hong Kong bourses to set up overseas branches, China Daily reported Saturday.
The CMB said in a statement on Friday that it expected to raise15 billion to 18 billion yuan through [...]
