Standard & Poor's reported that China's banks, including the country's big four state banks, averaged a 1.2% return on assets in 2003 (worst case: 0.5%) and warned that to sustain 15% asset growth while maintaining a 5% equity-to-asset ratio, lenders had to increase their return on assets (before provisions and taxes) to 2.1%, assuming 20% […]
Category: Banking & Finance
UK-based Willis Group Holdings, the world's no 3 insurance broker, was suspended from conducting business in Guangdong province for obstructing China Insurance Regulatory Commission investigations, the South China Morning Post reported, citing local CIRC bureau sources. Willis China operations, which run to 18 branches, are headquartered in Shanghai, where last year it acquired a 50% […]
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Lost in the fog
Semiconductor investors adrift in the Taiwan Strait
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Investor watch
Taiwan proved a ready source of news as Taipei lowered the sledgehammer on islanders trying to get some semiconductor business done on the Mainland.
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Probes into property lending
Xinhua said the China Banking Regulatory Commission will carry out probes into property lending at the country's four top state banks in Shanghai, Tianjin, Hangzhou, Tsingtao, Lingbao, Chongqing, Nanjing and Shenyang, The probe will also cover a dozen joint-stock banks, all of which had been told to tighten property lending. Last month, the People's Bank […]