China

Chinese and French banks in SME investment alliance

Chinese and French state-owned banks have established a US$189 million fund to support each other's small and medium sized enterprises.

Chinese and French banks in SME investment alliance

Chinese and French state-owned banks have established a US$189 million fund to support each other's small and medium sized enterprises.

Chinese banks' lending likely to rebound slightly

China's banks might have lent some US$95 billion in August, a 14% rise spurred by the government's injection of more money into the reeling Chinese economy.

Fitch warns of bad debt tsunami overwhelming China’s banks

Fitch Ratings Ltd expects the balance sheets of Chinese banks to deteriorate until the first-half of 2013.

Ballooning local government debt threatens Big Four

Loans by China's Big Four banks to local government financing vehicles (LGFVs) amounting to US$410 billion from January to June has increased the risk of default by these entities.

China's banks threatened by NPLs

China's commercial banks are facing a high risk of increased bad loans as local governments try to unleash a new round of stimulus packages.

ICBC disappoints with 1st half results

China’s largest lender reported a 12.5% net profit rise for January to June, or less than half the comparable rate in 2011, while loans overdue for less than three months jumped 60%.

Agricultural Bank of China first half profits surges by 20.8%

Agricultural Bank of China's profits jumped 20.8 percent year on year in the first half of the year to 80.52 billion yuan.

US probes UK-Chinese bank connections on Iran business

US authorities have extended investigations of UK's HSBC and Standard Chartered to search for information on Chinese banks' businesses with Iran.

BOCHK has the lowest LDR among peers in 1H12

Barclays believes Bank of China (Hong Kong) has capacity to increase lending and pull back from deposit competition.

How can Chinese banks handle the sudden surges of liquidity demand?

Find out what analysts have to say about reports of Chinese banks being threatened by worsening short-term liquidity.

Chinese banks’ profit growth may fall to single digits in 2013

China’s banks, the world’s second most profitable after Indonesia’s, are expected to see profit growth fall below 10% in 2013.

BoCom boosts core capital

Bank of Communications Ltd said it has raised US$4.7 billion to meet the government’s capital adequacy ratio requirement.

CCB faces lower profitability; more bad loans

A rising number of bad loans threaten future earnings for China Construction Bank Corporation that saw its first-half net profit rise 15% year-on-year.

Citi issues own credit cards in China

Citigroup Inc has made history by becoming the first Western bank to issue its own credit card in China without co-branding from a local financial institution.

Bad debts in Zhejiang pull down banking sector

Massive bankruptcies among small businesses causes soured loans in Zhejiang Province to balloon by over 50%.

Flagging economy slams Bank of China

Bank of China Ltd reported a net profit of US$5.5 billion, a 5.3% improvement year-on-year from US$5.2 billion.

Bank of China posts weakest net increase in 3 years

Bank of China posted a 5.1 percent rise in second-quarter net profit, its slowest profit growth in over 3 years.