GO
Loading...

China Construction Bank Corp

More

  • *Firm warned investors on April 16 about possibly missing payment. SHANGHAI, April 21- A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guarantee of low-quality bonds.

  • SHANGHAI, April 21- China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday. "The probability of making the payment has become highly uncertain," a notice posted by the company on the website of China's bond clearinghouse stated...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • HONG KONG, April 16- Hong Kong banks have started to cut yuan deposit rates following robust southbound trading flows under a stock connect scheme between Shanghai and the former British colony. The flow of funds into Hong Kong is expected to shore up the shrinking offshore yuan pool, which has been under pressure as the weakness of the Chinese currency had...

  • Asian stocks advanced amid choppy trade on Friday as traders looked ahead to the release of the closely-watched U.S. jobs report.

  • Chinese shares outperform the region as data suggesting a sluggish economy fueled hopes of more monetary stimulus measures.

  • Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.

  • *ICBC, AgBank, BoC, BoCom book 4 Q rise in bad loans. SHANGHAI/ HONG KONG, March 26- Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years. The practice, though common in the West, was mostly unheard of in China just a...

  • HONG KONG/ SHANGHAI, March 26- Industrial and Commercial Bank of China Ltd said on Thursday net profit fell 3 percent in the fourth quarter of 2014, the first time its final quarter profit has fallen since 2008 as China's economic growth slows. In common with the other "big four" lenders- Agricultural Bank of China Ltd, Bank of Communications Co Ltd and China...

  • Chinese stock investors gather at a securities firm in Fuyang, in China's Anhui province on January 7, 2015.

    Asian equity markets struggled for direction on Wednesday following an uninspiring lead from Wall Street overnight.

  • HONG KONG/ SHANGHAI, March 24- Agricultural Bank of China Ltd on Tuesday reported a 4 percent dip in fourth-quarter profit and a spike in bad loans as manufacturers and retailers struggled to repay debt while economic growth slowed. "This year, industry net interest margin will be on a downward trend, first quarter profit is also likely to fall," Chief Financial...

  • HONG KONG/ SHANGHAI, March 24- Agricultural Bank of China Ltd on Tuesday posted weaker-than-expected profit and a rise in bad loans as the country's slowing economic growth hit borrowers in the manufacturing, wholesale and retail sectors in particular. China's third-largest listed lender reported net profit for the fourth quarter of 27 billion yuan,...

  • LONDON, March 19- Six institutions will start setting gold prices electronically on Friday, as Intercontinental Exchange completes a sweeping change to London's bullion benchmarks and dispenses with the century-old gold "fix". Friday's move to electronic auctions should repair outside perceptions of London's role in the market, damaged by the one known...

  • March 12- Hong Kong's main stock indices rose on Thursday, led by banking shares, as investors expect that Beijing's plans to let local governments swap out expensive debt will improve asset quality at Chinese lenders. Chinese banks listed in Hong Kong, including Industrial and Commercial Bank of China, China Construction Bank and Bank of China, which represent...

  • Tokyo bucks regional slump; rest of Asia track US losses Wednesday, 11 Mar 2015 | 5:32 AM ET

    Asian equities were lower across the board on Wednesday, pressured by a plunge on Wall Street overnight and as a string of China data fell short of expectations.

  • China inflation data weigh on Asian stocks Tuesday, 10 Mar 2015 | 3:21 AM ET

    Key bourses in Asia nursed losses on Tuesday, as a mixed bag of Chinese inflation data offset a positive lead from Wall Street.

  • Fears that an interest rate hike in the United States is imminent drove Asian stock markets outside Shanghai lower on Monday.

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

    Australian shares fell below the flatline on Tuesday after the Reserve Bank of Australia (RBA) surprised most market watchers by holding back on further easing.

  • Nikkei hits fresh 15-year high amid mixed trade in Asia Thursday, 26 Feb 2015 | 3:22 AM ET
    A man is reflected in an electric quotation board flashing chart of the Nikkei index of the Tokyo Stock Exchange.

    Japanese shares outperformed the region by clinching a new multi-year high, as the rest of Asia traded mixed on Thursday.

  • Feb 26- Hong Kong shares finished up on Thursday after a strong rally on Chinese markets, but underperformed mainland boards as Hong Kong investors sold off selected heavyweights in real estate, information technology and gaming giant Sands China, seen as hurt by China's anti-corruption campaign. The Hang Seng index rose 0.5 percent, to 24,902.06, while the...