China CITIC Bank has been approved to issue up to 1.5 billion yuan (US$246 million) of yuan-denominated "dim sum" bonds in Hong Kong, Xinhua reported Thursday, citing the bank. The bank said the princ ...More
EJ Insight2014-02-13
CTBC Bank Co. Ltd., the banking arm of Taiwan’s CTBC Financial Holding Co. Ltd., plans to buy all the shares of CITIC Bank International (China) Ltd., a wholly owned subsidiary of CITIC International ...More
EJ Insight2014-01-28
Guangzhou banks have almost stopped offering preferred mortgage rates for first-time home buyers, and some lenders have even raised the rate by up to 20 percent against the base rate, National Busines ...More
EJ Insight2014-01-24
Zhu Xiaohuang, president of the state-owned China CITIC Bank Corp. Ltd. (601998.CN, 00998.HK), will be moved from his current post and asked to take up the chief supervisor position at parent CITIC Gr ...More
EJ Insight2014-01-14
Mainland bank shares fell Friday after some qualified foreign institutional investors adjusted holdings to reflect changes in the makeup of some overseas indexes, the Securities Times reported Monday, ...More
EJ Insight2013-12-23
China UnionPay (CUP) said it has teamed up with seven other card-issuing institutions to launch a mobile payment service based on its Near Field Communications (NFC) technology platform, the Securitie ...More
EJ Insight2013-12-13
China CITIC Bank Corp. Ltd. (601998.CN) wants to write off close to US$900 million of non-performing loans, the Wall Street Journal reported Thursday, citing the lender's statements to the Hong Kong s ...More
EJ Insight2013-12-13
Five Chinese banks will sell up to 15 billion yuan (US$2.47 billion) worth of negotiable certificates of deposit (NCDs) Friday, news portal Caijing.com reported Thursday, citing statements by the lend ...More
EJ Insight2013-12-12
China Telecom Corp. Ltd. (00728.HK) rolled out on Thursday a mobile wallet service in collaboration with more than a dozen financial institutions, using the Near Field Communications (NFC) technologie ...More
EJ Insight2013-11-29
Ten commercial banks have completed issuing 10 billion yuan (US$1.63 billion) worth of asset management products in a trial program, the China Securities Journal reported Friday, citing an unnamed sou ...More
EJ Insight2013-11-15
Several major banks including some of China's big four lenders are joining forces with telecom carriers to offer mobile payment services, China Economic Herald reported Friday, citing banking sources. ...More
EJ Insight2013-11-08
A key reform the central government seeks to push forward with more vigor, and is likely to gain impetus during the upcoming plenum of the Communist Party of China leadership, is urbanization -- a mas ...More
EJ Insight2013-11-06
HSBC and Standard Chartered have launched an interest rate swap product based on the Loan Prime Rate, Shanghai Securities News reported Tuesday. The product will reset interest rate on a quarterly bas ...More
EJ Insight2013-11-05
China CITIC Bank Corporation Ltd. (0998.HK, 601998.CN) said Wednesday that it has entered into an interest-rate swap agreement with Citibank, marking the first deal of its kind in mainland China, news ...More
EJ Insight2013-10-31
As many as nine banks regarded as systemically important and of huge market influence are tipped to be granted approval to issue negotiable certificates of deposit (NCD), the Securities Times reported ...More
EJ Insight2013-10-31
CITIC Pacific Ltd. (00267.HK) said in an exchange filing on Wednesday that it has agreed to sell property assets in Shanghai’s Pudong New Area worth 2.5 billion yuan (US$410.429 million) to China CITI ...More
EJ Insight2013-10-30
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) said in a regulatory filing on Wednesday its net profit for the nine months to September rose 13.35 percent to 30.86 billion yuan (US$5.07 billion) fr ...More
EJ Insight2013-10-30
Banco Bilbao Vizcaya Argentaria S.A. (BBVA) sold a stake in China CITIC Bank Corp. Ltd. (00998.HK) for 944 million euros (US$1.3 billion), the Spanish lender said in a statement on Thursday. BBVA sold ...More
EJ Insight2013-10-17
