China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, heeding Beijing’s...
Bank of China plans 150 billion yuan bond sales to comply with global capital requirements
BANK of China said it plans to sell up to 150 billion yuan (S$28.5 billion) of loss-absorbing bonds, becoming the nation’s first...
Moody’s cuts outlook on Chinese banks after sovereign downgrade
MOODY’S Investors Service cut its outlook for eight Chinese banks to negative from stable, a day after unveiling a bearish stance on...
Bank of China Q3 profit rises 3.3%
BANK of China (BoC), the country’s fourth-largest bank by assets, on Monday (Oct 30) reported a 3.3 per cent rise in net...
Former Bank of China chairman arrested for suspected bribery: state media
THE former chairman of the Bank of China has been formally arrested for suspected corruption, state media reported on Monday, citing the...
China state fund buys bank shares, fuelling market rescue hopes
CHINA’S sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation that authorities...
China sovereign wealth fund buys shares in Big Four banks
CHINA’S sovereign wealth fund snapped up shares in the nation’s Big Four lenders and said it plans to continue the purchases, a...
China banks lend billions to Russia amid Western sanctions: FT
CHINA’S biggest banks are extending billions of dollars to Russia as sanctions pressure Western lenders to exit the country, according to a...
China state lenders lower US dollar deposit rates for second time in a month: sources
CHINA’S major state banks have lowered their US dollar deposit rates for the second time in a month, seven banking sources with...
China asks big banks to cut deposit rates again to boost economy
CHINESE authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a...