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China Everbright Bank may float in June
China Everbright Bank Co reignites its IPO (initial public offering) dream in Shanghai, and date is likely to be before the end of June, ahead of that of Agricultural Bank…
China ABC to apply for $30b IPO this week -sources
Agricultural Bank of China (ABC), the smallest of the country’s Big Four banks, will apply this week for a massive $30 billion IPO, racing with rivals to raise funds as…
Minsheng Banking tops execs’ pay list
China Minsheng Banking Corp, the mainland’s first privately owned lender, paid 70.4 million yuan ($10.3 million) in salaries to its senior executives in 2009, the highest amount among all 14…
CMB looks further abroad
Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas…
China acts to cool credit expansion
Banks ordered to set aside more deposits as reserves BEIJING – China ordered banks to set aside more deposits as reserves for the third time this year to cool a…
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