Category: Banking & Finance

Reports persisted that Singapore state investment arm Temasek Holdings was in talks to buy a "substantial" stake in China Minsheng Bank Corp when the bank holds its US$900m H-share offering scheduled for the second quarter in Hong Kong. State media said Temasek, which already holds a 4.55% stake, might buy as much as an additional […]

State media, citing inside sources, said the Industrial and Commercial Bank of China (ICBC), just given US$15bn in bailout funds, would invite the country's four state-owned asset management companies to bid for more than RMB450bn (US$54.5bn) worth of non-performing loans still on its books. The NPLs, reports said, would be organized in 30 lots ahead […]

Bloomberg reported that International Finance Corp, the World Bank's investment arm, planned to buy 5% of investment banking venture Changjiang BNP Paribas Peregrine Securities.

Speculation over a yuan revaluation continued to mount as state media reported a surge in yen trading forcing the currency up to a two-month high against the euro and a one-month high against the dollar. Buying Japanese money is a proxy bet on a near-term move by China, China Daily said, noting that investors have […]

China Banking Regulatory Commission chairman Liu Mingkang said the Bank of China and China Construction Bank, both the subject of ongoing corruption investigations, had to produce solid results in their bids to sell stakes to foreign investors prior to their IPOs. Liu said said the CBRC would be watching restructuring activities closely, adding that China's […]