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Bank of China Ltd

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  • MOSCOW, June 1- Russian potash producer Uralkali has agreed to increase its recently signed loan facility by $100 million to $630 million, the company said on Monday. The agreement, signed with Bank of China, also offers an option to increase the amount by an additional $170 million to $800 million, the company added. Its initial loan agreement was signed with eight...

  • Nothing was said about running a loan program for Atlantic City. But as Drummon negotiated with Thigpen to purchase the Tennessee Business and Industrial Development Corp., Drummon was working with former Atlantic City Mayor Lorenzo Langford to get $3 million from the city to launch a community loan program. Atlantic City is suing to get the $3 million back,...

  • HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • SHANGHAI, May 11- China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalization of the deposit rate system eating into their profit margins. The People's Bank of China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs, while...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to riskier small businesses and the rural sector, even though the banking sector reported a jump in troubled loans in the first quarter. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4 percent,...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to small businesses and the rural sector, a move that may bolster the cooling economy but also risks saddling banks with more troubled loans. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4...

  • Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

    Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.

  • Asian stocks plummeted on Thursday amid a mixed bag of corporate earnings and renewed concerns over the state of the U.S. economy.

  • This is squeezing profit growth of Chinese banks   Wednesday, 29 Apr 2015 | 6:36 PM ET
    This is squeezing profit growth of Chinese banks

    Chinese major lenders saw a "definite decline" in first-quarter net profit because of asset deterioration, says Martin Smith, senior markets analyst at East & Partners.

  • Asian equities retreat on lackluster earnings; Fed eyed Wednesday, 29 Apr 2015 | 3:30 AM ET

    Asian markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.

  • SHANGHAI/ HONG KONG, April 26- Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say. "In the past we wouldn't see CVs from the state sector, but now we do," said Maggy Fang, managing...

  • BEIJING, April 24- China plans to take a giant step towards making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. Under the pilot scheme, firms in the Shanghai free trade zone can move the yuan and other foreign...

  • Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.

  • HONG KONG, April 23- China formally announced details of three more free trade zones this week, a move that suggests the originally Shanghai- driven initiative has now escalated to the national level, analysts say. The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules...

  • SINGAPORE, April 23- Earnings growth at China- listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century. Brokerages have seen commission income rocket due to high trading volume, and are likely to benefit further when Hong Kong investors start buying...

  • SHANGHAI, April 20- China stocks surrendered early gains and dived on Monday in volatile trade as fears of a regulatory crackdown offset the central bank's boldest policy move yet to bolster the slowing economy. Although the government is supportive of a bull market, "the market will now start to price in an interest rate cut, and positive news flow appears to have...

  • Asian stocks closed mixed on Tuesday on the back of profit-taking and as investors looked ahead to the earnings season.

  • People have photos taken with a replica of the famous Wall Street bronze bull on the Bund in Shanghai.

    Chinese shares touched fresh seven-year highs on Monday, while Japan's Nikkei 225 struggled to find momentum.

  • China stocks rise to 7-year highs on easing hopes Friday, 10 Apr 2015 | 3:20 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.9 percent on Friday, to 4,344.42, bringing this week's gain to 4.2 percent. Among the most active stocks in Shanghai were Bank of China, up 1.8 percent to 4.57 yuan; Agricultural Bank of China, up 1.1 percent to 3.81 yuan and Everbright Bank, up 3.7 percent to 5.34 yuan.