Bank Of China @ The China Perspective

June 18,2007

By STAFF EDITOR

China Construction Bank (CCB) – one of China’s big four commercial banks – said it will sell 9 billion RMB-denominated A shares, or 3.85% of its enlarged share capital, in Shanghai, the Shanghai Securities News reported. The domestic offering may raise about US$5.5 billion based on the company's stock price in Hong Kong. The proceeds will be spent solidifying the bank's capital base and improving its capital adequacy, which stood at 12.11% last year. The bank has yet to obtain IPO approval from China’s Securities Regulatory Commission and Banking Regulatory Commission. CCB raised US$9.2 billion in a Hong Kong IPO in October 2005. Of the big four banks, Bank of China and Industrial and Commercial Bank of China have gone public in Shanghai, while China Construction Bank and China Agriculture Bank have not.

The China Perspective for June 18

June 18,2007

By STAFF EDITOR

CCB eyes Shanghai share issue

China COSCO eyes Shanghai IPO

Shanghai Expo to earn city US$19 billion

The China Perspective for June 13

June 13,2007

By AMY CHEUNG

ICBC applies for offshore licenses

Inflation slows in May

Xiamen bank plans IPO

The China Perspective for June 7

June 07,2007

By AMY CHEUNG

Property watchdog targets 3 developers

China Eastern Airlines approves 24% stake sale

Shanghai geared up for precious metal futures

Foreign insurers may struggle to make an impact

June 03,2007

By AMY CHEUNG

The insurance regulator has committed to open the industry further to foreign entrants. But as the Shanghai Securities Journal reports, they may still struggle to make much of an impact.

The China Perspective for May 31

May 31,2007

By AMY CHEUNG

Asian stocks follow China’s slump

World Bank raises China growth estimate

Possible US$930 million offer for China Eastern

CIB plans expansion alongside strategic investors

May 20,2007

By AMY CHEUNG

2007 is turning into a benchmark year for Industrial Bank of China (CIB), a Fuzhou-headquartered joint venture between the Fujian provincial government and Hong Kong’s Hang Seng Bank. In an exclusive interview with China Business News, bank chairman Li Renjie said that now the bank had gone public through an offering in Shanghai, overseas strategic investors were key to the banks development strategy.

The China Perspective for May 14

May 14,2007

By AMY CHEUNG

Today’s news through a Chinese media lens

May 11,2007

By AMY CHEUNG

Head auditor calls for tougher SOE audits

NDRC to continue drug pricing cuts

Central bank urges attention on energy financing

SSF official outlines investment plan

May 08,2007

By AMY CHEUNG

In an exclusive interview with China Economics Weekly, the chairman of the National Council for the Social Security Fund (SSF), Xiang Huaicheng, laid out the fund’s investment priorities for the coming year. Domestic stock exchanges are in line for a windfall.

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Founded in 1912 straight after the 1911 Revolution, Bank of China is the second largest bank in China. It now has its global presence through its network of over 560 overseas offices in 25 countries and regions. In Hong Kong and Macao, Bank of China is one of the local note issuing banks. Commercial banking includes corporate banking, retail banking and banking with financial institutions composes the major business areas. In 2005, the annual interest income increased 30 percent to 167.35 billion yuan. Net interest income after LLP increased 46 percent to 89.42 billion yuan. Net earnings increased 31% to 27.49 billion yuan. In 2006, Bank of China has listed in both Hong Kong and Shanghai, which becomes the largest domestic IPO in China.

Today’s Daily Briefs E-Mail

	CCB eyes Shanghai share issue June 18,2007 By STAFF EDITOR China Construction Bank (CCB) – one of China’s big four commercial banks – said it will sell 9 billion RMB-denominated A shares, or 3.85% of its enlarged share capital, in Shanghai, the Shanghai Securities News reported. The domestic offering may raise about US$5.5 billion based on the company's stock price in Hong Kong. The proceeds will be spent solidifying the bank's capital base and improving its capital adequacy, which stood at 12.11% last year. The bank has yet to obtain IPO approval from China’s Securities Regulatory Commission and Banking Regulatory Commission. CCB raised US$9.2 billion in a Hong Kong IPO in October 2005. Of the big four banks, Bank of China and Industrial and Commercial Bank of China have gone public in Shanghai, while China Construction Bank and China Agriculture Bank have not. The China Perspective for June 18 June 18,2007 By STAFF EDITOR CCB eyes Shanghai share issue China COSCO eyes Shanghai IPO Shanghai Expo to earn city US$19 billion The China Perspective for June 13 June 13,2007 By AMY CHEUNG ICBC applies for offshore licenses Inflation slows in May Xiamen bank plans IPO The China Perspective for June 7 June 07,2007 By AMY CHEUNG Property watchdog targets 3 developers China Eastern Airlines approves 24% stake sale Shanghai geared up for precious metal futures Foreign insurers may struggle to make an impact June 03,2007 By AMY CHEUNG The insurance regulator has committed to open the industry further to foreign entrants. But as the Shanghai Securities Journal reports, they may still struggle to make much of an impact. The China Perspective for May 31 May 31,2007 By AMY CHEUNG Asian stocks follow China’s slump World Bank raises China growth estimate Possible US$930 million offer for China Eastern CIB plans expansion alongside strategic investors May 20,2007 By AMY CHEUNG 2007 is turning into a benchmark year for Industrial Bank of China (CIB), a Fuzhou-headquartered joint venture between the Fujian provincial government and Hong Kong’s Hang Seng Bank. In an exclusive interview with China Business News, bank chairman Li Renjie said that now the bank had gone public through an offering in Shanghai, overseas strategic investors were key to the banks development strategy. The China Perspective for May 14 May 14,2007 By AMY CHEUNG Today’s news through a Chinese media lens Today’s news through a Chinese media lens May 11,2007 By AMY CHEUNG Head auditor calls for tougher SOE audits NDRC to continue drug pricing cuts Central bank urges attention on energy financing SSF official outlines investment plan May 08,2007 By AMY CHEUNG In an exclusive interview with China Economics Weekly, the chairman of the National Council for the Social Security Fund (SSF), Xiang Huaicheng, laid out the fund’s investment priorities for the coming year. Domestic stock exchanges are in line for a windfall. Prev 4 5 6 7 8 9 10 11 12 13 Next	Founded in 1912 straight after the 1911 Revolution, Bank of China is the second largest bank in China. It now has its global presence through its network of over 560 overseas offices in 25 countries and regions. In Hong Kong and Macao, Bank of China is one of the local note issuing banks. Commercial banking includes corporate banking, retail banking and banking with financial institutions composes the major business areas. In 2005, the annual interest income increased 30 percent to 167.35 billion yuan. Net interest income after LLP increased 46 percent to 89.42 billion yuan. Net earnings increased 31% to 27.49 billion yuan. In 2006, Bank of China has listed in both Hong Kong and Shanghai, which becomes the largest domestic IPO in China. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR China Central Bank in need of a cash infusion, RMB appreciation to pause Garment makers targeting domestic market outperform exporters Poly Real Estate revenues up 25% YTD Shenyang’s Tiexi district targets alternative energy sector 40% of Chinese private firms target overseas expansion: HSBC BMW to build 2nd plant on mainland Wuhan Optical Valley sets sights on global influence by 2020 XEMC Windpower inks US$46m deal with Datang Power Generation Haima to build 2 150,000-vehicle plants Paper makers team up on eco-friendly plant Go to Complete List >

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