A surge in the amount of loans issued by China's state-owned banks may be part of a plan to dilute their non-performing loan ratios, warned Chino Doily. In the first half of 2003 they granted Yn1,900bn in loans, more than double the amount issued in the same period last year. Outstanding loans reached Yn14,900bn at […]
Category: Banking & Finance
Banks exposed most to properly sector The property sector in Shanghai received more loans than any other industry in the first five months of this year, accounting for near-ly 20 per cent of all new bank ending to companies. Wen Hui Daily said. At the end of May outstanding loans to the property sector, including […]
An investment vehicle of Zhuhai municipal government was one the verge of collapse in late July after banks rejected an 'insulting' offer to restructure USS576m in debts, said South Chino Moeniug Post. Zhu Kwan Group had reported liabilities of USS8l3m, of which USS576m is owed to 28 banks, most of which are based in Hong […]
China Southern Airlines raised Yn2.64bn from an A-share launch on the Shanghai stock exchange on July 10. China's largest airline, which is also listed in Hong Kong and New York, issued 1bn shares at Yn2.7 each, giving a price-to-earnings ratio of 18 times. The price was lower than many ana-lysts had expected, but reflected the […]
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Outward bound
As suburban projects expand the boundaries of China’s major cities, a new consumer culture is emerging. Older people bemoan the lack of a community spirit but younger generations are drawn to the open spaces.