Feb 19 (Reuters) – China’s financial regulator has approved Liao Lin as chairman of Industrial and Commercial Bank of China Ltd (ICBC) 601398.SS1398.HK, the world’s largest lender by assets, according …
Tagged By finance
Bank of Beijing may unveil fundraising plan
BEIJING – Bank of Beijing, a city-focused lender, may announce a plan to raise funds via a share placement following a trading suspension of its shares, Reuters reported Friday, citing a Chinese …
How Is China’s Overseas Lending Changing in a Post-Default Era?
The fractured alignment between SOEs and policy banks that once underpinned China’s overseas lending model is now breaking down after a wave of sovereign defaults.
China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months
Analysts note how Beijing’s policy goals, such as internationalising China’s currency and curbing overcapacity, are aligning with a firmer exchange rate.
Bank of China Is Leading the Way in Green Finance
Bank of China is showing that “green” is the color of future development by fostering rapid growth in its green finance business and supporting a range of sustainable projects at home and abroad. Bank …
China Unloading Bank Shares, Transferring Debt Risk To Foreigners
On Tuesday, Li Jiange, the vice chairman of Central Huijin Investment Ltd., told reporters in Frankfurt that the Chinese central government plans to reduce its holdings in the country’s largest state …
Bank of Beijing to buy 50% stake of ING Capital Life Insurance
BEIJING: Bank of Beijing, China’s leading city commercial bank by market value, has been approved to buy 50 percent of shares of ING Capital Life Insurance Co, Ltd, becoming the first bank of its kind…
China’s December bank lending seen rising on government stimulus measures: Reuters poll
New bank loans in China probably rose in December from the month before, a Reuters poll showed on Friday, as government stimulus measures slowly began to lift appetite for credit long suppressed by a …
China’s December bank lending seen rising on government stimulus measures
By Liz Lee BEIJING, Jan 9 (Reuters) – New bank loans in China probably rose in December from the month before, a Reuters poll showed on Friday, as government stimulus measures slowly began to lift…
China’s central bank signals reserve ratio, interest rate cuts in 2026
Boosting domestic demand, addressing debt risks and promoting yuan’s international use also priorities for coming year.
China Vanke wins nod from lenders to defer interest payments, sources say
China Vanke has struck a deal with domestic lenders to defer loan interest payments to September, two sources with knowledge of the matter said, as the state-backed developer scrambles to avoid a …
China extends banks’ bulk bad loan disposal programme through end-2026, sources say
China’s financial regulator has extended a policy allowing banks to transfer bad personal loans in bulk until the end of this year, said two sources with knowledge of the matter, as lenders grapple …
China extends policy allowing banks to sell bad personal loans
Chinese banks are accelerating write-offs and transfers of bad assets to shore up asset quality as margins have hit record lows Read more at The Business Times.
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