Naphjas Inc. |

16 Apr Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

Posted at 11:00h in Asia

Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central government could give to its biggest lenders.“The Chinese banking system has grown rapidly since 2008,...

14 Apr China’s banks withdraw some long-term fixed-income products, cut deposit rates to boost margins

Posted at 06:04h in Asia

China’s commercial banks are removing some of their long-term fixed-income products and cutting rates offered to depositors, in an effort to shore up profitability, as challenges, including a slumping property sector, mounting local government debt, and slow consumption recovery, weigh on lenders’ earnings.China Merchants Bank,...

27 Mar Bocom delivers more confident outlook after posting slight rise in profits

Posted at 13:45h in Asia

Bank of Communications (Bocom), one of China’s top state-owned lenders, delivered a cautiously optimistic outlook for its business and the country’s economy even as it posted its slowest earnings growth since at least 2004.Net profit at the Shanghai-based bank rose 0.7 per cent to 92.7...

13 Feb CCB, BOC and China Everbright among Chinese lenders that have injected billions into ‘whitelist’ housing projects

Posted at 11:30h in Asia

Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country, according to figures released by the lenders.The initiative, which falls under the so-called whitelist mechanism, is part of ...

19 Jan US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data

Posted at 18:58h in Asia

The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision information.The New York Department of Financial Services, which also oversees the bank’s branch in the state, hit the firm with an additional US$30 million penalty.“Confidential supervisory information...

Industrial and Commercial Bank of China Tag

16 Apr Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

14 Apr China’s banks withdraw some long-term fixed-income products, cut deposit rates to boost margins

27 Mar Bocom delivers more confident outlook after posting slight rise in profits

13 Feb CCB, BOC and China Everbright among Chinese lenders that have injected billions into ‘whitelist’ housing projects

19 Jan US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data

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