The China Banking Regulatory Commission warned there could be a resurgence of non-performing loans in the wake of Beijing's credit tightening. NPLs at the big four state banks were reduced by RMB 401.4 billion (US$48bn), to RMB 1.52 trillion (US$183bn), in the first half of 2004, a shift that reduced the ratio of NPLs on […]
Category: Banking & Finance
Dow Jones and First Finance Media Co (FFMC) will join forces to launch a composite benchmark index called the Dow Jones First Finance China 600 index, beginning September, Shanghai-based First Finance said. The index will include indices of key listed companies on the Shanghai and Shenzhen stock exchanges and follow the same standards Dow Jones […]
In a move that gives HSBC entry into China's fast-growing health sector, Chang An Hospital signed an agreement making the bank an advisor as the Sino-foreign venture sets out to increase its hospital assets to RMB 1 billion. The framework agreement calls for acquiring or merging as many as 100 hospitals in two years. An […]
PetroChina named China International Capital Corp, Bank of China International, Citic Securities and Galaxy Securities as advisors for its planned A-share listing. PetroChina plans to raise RMB 30-40 billion through the offering. A timetable was not set out for the listing.
The China Securities Regulatory Commission rejected Beijing Capital Land's A-share listing proposal. Beijing Capital Land, which is controlled by the Beijing government, planned to raise as much as RMB 3 billion through the listing. Analysts said the bid was rejected due to government efforts to limit investment in certain sectors including real estate.