China Merchants Bank has dumped advisors Merrill Lynch as it prepares for a US$2 billion initial public offering this year because of a conflict of interest, the Financial Times reported. Th... Read more
China Merchants Bank says it has issued more than five million dual-currency international standard credit cards, blazing a trail in the plastic money business. The Shenzhen-based lender enj... Read more
The authorities may loosen their grip on banking by allowing investors to purchase controlling stakes in small and medium-sized banks, the Financial Times reported a senior official as sayin... Read more
The China Insurance Regulatory Commission will begin thorough investigations of the country's insurance companies this month to promote growth in the fledgling insurance market, state me... Read more
China Construction Bank announced a 4% drop in net profit in its first financial results since a US$9.2 billion initial public offering in Hong Kong last October. Net profit fell to US$5.88... Read more
You must be logged in to post a comment.