Bank of Beijing Co. Ltd. (601169.CN) and mobile phone maker Xiaomi Inc. have agreed to establish an online finance business, Shanghai Securities News reported Thursday without citing a source. They wi ...More
EJ Insight2014-02-20
Hong Kong shares closed higher on Wednesday, taking the cue from mainland peers and other overseas stock markets. The benchmark Hang Sang Index added 76 points or 0.34 percent to finish at 22,664 poin ...More
EJ Insight2014-02-19
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) is facing mounting bad loans in its Shanghai operations, mostly to steel traders in the Yangtze River Delta region, news website caijing.com reported ...More
EJ Insight2014-02-18
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) expects last year's unaudited net profit to come in at about 39 billion yuan (US$6.43 billion), Panorama Network reported Sunday, citing a regulatory ...More
EJ Insight2014-02-17
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) said in a stock exchange filing Thursday that its cooperation with UnionPay and Alibaba is limited to regular business between the bank and a client, ...More
EJ Insight2014-02-14
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