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CCB says to raise 75b yuan in rights issue
China Construction Bank, one of the country’s four State-owned major banks, said Thursday it aimed to raise 75 billion yuan ($11 billion) through a rights issue. In a statement filed…
Rising interest margins to aid bank profits
Despite concerns over the downside risks of the government clampdown on the property market, analysts said Chinese lenders are likely to maintain stable profits this year on growing interest margins.…
Small banks offering microloans
More than 1,000 small banks in China’s townships offer microloans to small enterprises that used to be funded by pawn shops. Microloans amount to several thousand yuan, and they can…
China Merchants Bank Q1 net profit up 40.42% on interest income
China Merchants Bank, the country’s sixth largest lender, said late Wednesday its net profit jumped 40.42 percent year-on-year to 5.91 billion yuan ($865 million) in the first three months of…
China urges banks to broaden profit channels
Chinese banks must develop new revenue streams because they can no longer rely on plump net interest margins for their profits, the country’s chief banking regulator said on Thursday. Liu…
22nd Technical Symposium of ASEAN Federation of Cement Manufacturers opens in Vietnam
The 22nd Technical Symposium of ASEAN Federation of Cement Manufacturers (AFCM) opened in Vietnam’ s central city of Danang on Wednesday, the Vietnam News Agency reported. The technical symposium, jointly…
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