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China Construction Bank Corp

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  • SHANGHAI, May 20- Holders of a medium term note on which state-owned Baoding Tianwei Group missed a payment in April, including bond underwriter China Construction Bank, have asked Tianwei's parent company to guarantee the bond unconditionally. Tianwei's bondholders asked China's National Association of Financial Market Institutional Investors to...

  • 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.

  • However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...

  • 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.

  • *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..

  • China banks disobey order to support housing market Monday, 20 Apr 2015 | 7:37 PM ET
    Fake windows are painted on the north side wall of a Economical Housing by developer in Qingdao, Shandong province of China.

    Beijing has tried to revive a flagging housing market but banks are worried about bad debts and are not passing on policy steps to home buyers.

  • Fresh China easing fail to boost Asian stocks Monday, 20 Apr 2015 | 4:37 AM ET
    An investor observes stock market at a stock exchange corporation on April 10, 2015 in Huaibei, Anhui province of China. The Shanghai composite index rised nearly 2% to 4,000 points at its close which reached the highest points in latest 7 years.

    Asian stocks finished lower on Monday even as China's central bank lowered the reserve requirement ratio over the weekend.

  • 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...

  • 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.

  • Reserve Bank of Australia (RBA) headquarters in the central business district of Sydney, Australia.

    Central banks are the key theme in Asia on Tuesday, with equities in the region largely in positive territory.

  • 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...