Earnings results from China’s big banks show profit growth slowed in the third quarter, with bad loans seen as one of the main challenges.» Read More
*Tencent breaks into China top three in WPP survey. BEIJING, Dec 3- Internet services company Tencent Holdings Ltd has grown so rapidly it's now China's most valuable listed technology brand, with a value even closing in on that of Wal-Mart Stores Inc, a report published on Tuesday shows.
*Borrowing from China lenders up twenty-fold in three years. *Asset purchases grew as more China firms struggled. "In the end the question is what are the returns they're going to get on the assets that they're buying," said Charlene Chu, China bank analyst at Fitch Ratings in Beijing.
HONG KONG, Nov 25- China Cinda Asset Management Co Ltd lifted the lid on how Beijing turns bad loans from its banks into profits, issuing a prospectus on Monday for an initial public offering that has reeled in some of the world's biggest investors.
HONG KONG, Nov 24- A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.
HONG KONG, Nov 22- China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.
HONG KONG, Nov 22- Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources said on Friday.
*Cinda to offer shares in HK $3.00 to HK $3.58 range. HONG KONG, Nov 21- China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal.
*Hong Kong property buoyed by dovish Bernanke comments. HONG KONG, Nov 20- A key index of Chinese shares listed in Hong Kong crept into positive territory on the year early on Wednesday, helped by strength in China's largest banks and insurers after supportive comments on financial reform plans from senior central bankers.
HONG KONG, Nov 17- China's mass consumer, healthcare and non-banking financial counters may well be the early winners in the country's stock markets this week after Beijing promised the most sweeping economic and social reforms in nearly three decades.
*IPO set to provide insight into China's bad loan problems. Investors are eagerly awaiting forthcoming details from the bad loan manager, whose fundraising is part of China's broader efforts to recruit private capital to help clean up rising bad debts in the financial system.
*China risks stoking inflation with more easing- Premier Li. HONG KONG, Nov 5- China shares tested their lowest in a week on Tuesday, leading Hong Kong markets lower, as growth-sensitive counters were hit by hawkish comments from Premier Li Keqiang ahead of a key Communist Party policy meeting this weekend.
*China risks stoking inflation with more easing- Premier Li. HONG KONG, Nov 5- China shares underperformed most Asian markets early on Tuesday, leading Hong Kong lower, after Premier Li Keqiang signalled a shift towards monetary tightening ahead of a key Communist Party policy meeting this weekend.
SAO PAULO, Nov 1- For Chinese investors, Brazil is no longer the promised land. Operating in Brazil is a huge challenge, "said Zhang Dongxiang, chief executive of the Brazilian unit of Bank of China Ltd, one of China's four largest state-owned commercial banks.
SAO PAULO, Oct 31- Brazilian mid-sized lender Banco Industrial e Comercial SA said on Thursday it will sell 72 percent of its capital to China Construction Bank for 1.62 billion reais which could lead to a delisting of the Brazilian bank. The Sao Paulo- based bank, which specializes in corporate credit, is being advised by Citigroup Inc..
HONG KONG, Oct 31- Hong Kong and China shares fell from one-week highs by midday on Thursday, with the Chinese banking sector on the defensive following disappointing quarterly earnings from two of the "Big Four" lenders.
HONG KONG, Oct 31- For all the grand talk of far-reaching reforms when China's leadership meets early next month, foreign investors have refused to become carried away, with most choosing to shun the country's mammoth state-owned enterprises. But investors harbour doubts over how far China's leaders will go to shake up SOEs in desperate need of reform.
SHANGHAI, Oct 29- China's primary share indexes eased on Tuesday despite strong performance by mainland banks, as an ongoing exodus from overbought small-cap stocks and Shanghai free trade zone issues dragged.
*China's top two insurers climb after strong earnings. HONG KONG, Oct 28- Hong Kong shares rebounded from a seven-week low in lackluster volumes early on Monday, led by some financial and energy counters after the weekend brought upbeat quarterly earnings. The Hang Seng Index, which ended Friday at its lowest since Sept. 6, climbed 0.5 percent at 22,807.1 points.
HONG KONG, Oct 28- Hong Kong shares may start higher on Monday after a top Chinese leader reportedly promised "unprecedented" economic and societal reforms at the Communist Party's much anticipated plenum meeting next month. China Telecom, Anhui Conch Cement and COSCO Pacific are among companies due to report quarterly earnings later in the day.
BEIJING/ SHANGHAI, Oct 25- China launched a new benchmark lending rate on Friday in another step towards letting markets set the cost of funds and reducing distortions that have led to excessive investment and overcapacity now dogging the world's second-largest economy.