Bank Of Communications @ The China Perspective

Buying houses far away and over high mountains

October 11,2007

By NATHAN GREEN

Great reporting from the Reference News into the government's new policy directive intended to dampen the housing market by discouraging people from taking mortgages on second homes. Under the new requirements a second-home mortgagee will be required to post a 40% down payment and meet a 10% interest rate in the future. The current requirement is 20% for...

Bank deposits out of favor despite rate hikes

September 24,2007

By STAFF EDITOR

Banks apply to lease planes

September 18,2007

By STAFF EDITOR

Mainland banks and insurers forge closer ties

July 04,2007

By AMY CHEUNG

Silos in China’s financial sector are slowly being eroded and financial conglomerates are set to emerge. As the China Securities Journal reports, better cooperation between the sector’s disparate regulators will be required if the financial sector is to cope with these new financial giants.

The China Perspective for June 15

June 15,2007

By AMY CHEUNG

Industrial output continues to expand

BoC to target wealthier customers

Green policy may benefit relevant companies

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

China Media Daily Briefing

April 05,2007

By AMY CHEUNG

Snapshots on today's banking scene, financial market and other business news

Small Commercial Banks Jump Into the Credit Card Competition

March 07,2007

By AMY CHEUNG

Mainland commercial banks are accelerating their efforts to tap into the credit card market. Smaller joint-stock commercial banks are also issuing credit cards in cooperation with media and Japanese animation in order to compete with larger state-owned commercial banks.

New Media Generate Profit from Advertising

February 12,2007

By AMY CHEUNG

The latest report from CTR Market Research on China's advertising market in 2006 shows that new media, such as outdoor advertising and building televisions, successfully generated growing advertising revenues in 2006. Banking and wealth management products, and sports marketing campaigns in particular benefited from new media advertising.

Mix operations: a new trend in finance sector

November 17,2006

By AMY CHEUNG

In the past month, the banking and finance regulatory commission lifted barriers to enable banks to engage in stock funds and insurance businesses while insurance firms can directly invest in the stock market and acquire stakes in banks. This unveils the key changes in a fully opened finance sector. Financial institutions on the Mainland can have a more diverse mix of operations in securities, banking and insurance.

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Founded in 1908, Bank of Communications is one of the oldest bank and earliest bank notes issuers in China. With a national network of 92 branches and 2413 sub-branches, it is a commercial bank has three principle lines of business as corporate banking, retail banking and treasury operations. It is 19.9 percent-owned by global lender HSBC. In the first quarter of 2006, Bank of Communications total interest income increased 26 percent to 14.34 billion yuan. Net interest income after LLP increased 19 percent to 8.79 billion yuan. Net income increased 43 percent to 2.9 billion yuan.

Today’s Daily Briefs E-Mail

	Buying houses far away and over high mountains October 11,2007 By NATHAN GREEN Great reporting from the Reference News into the government's new policy directive intended to dampen the housing market by discouraging people from taking mortgages on second homes. Under the new requirements a second-home mortgagee will be required to post a 40% down payment and meet a 10% interest rate in the future. The current requirement is 20% for... Bank deposits out of favor despite rate hikes September 24,2007 By STAFF EDITOR Banks apply to lease planes September 18,2007 By STAFF EDITOR Mainland banks and insurers forge closer ties July 04,2007 By AMY CHEUNG Silos in China’s financial sector are slowly being eroded and financial conglomerates are set to emerge. As the China Securities Journal reports, better cooperation between the sector’s disparate regulators will be required if the financial sector is to cope with these new financial giants. The China Perspective for June 15 June 15,2007 By AMY CHEUNG Industrial output continues to expand BoC to target wealthier customers Green policy may benefit relevant companies 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 China Media Daily Briefing April 05,2007 By AMY CHEUNG Snapshots on today's banking scene, financial market and other business news Small Commercial Banks Jump Into the Credit Card Competition March 07,2007 By AMY CHEUNG Mainland commercial banks are accelerating their efforts to tap into the credit card market. Smaller joint-stock commercial banks are also issuing credit cards in cooperation with media and Japanese animation in order to compete with larger state-owned commercial banks. New Media Generate Profit from Advertising February 12,2007 By AMY CHEUNG The latest report from CTR Market Research on China's advertising market in 2006 shows that new media, such as outdoor advertising and building televisions, successfully generated growing advertising revenues in 2006. Banking and wealth management products, and sports marketing campaigns in particular benefited from new media advertising. Mix operations: a new trend in finance sector November 17,2006 By AMY CHEUNG In the past month, the banking and finance regulatory commission lifted barriers to enable banks to engage in stock funds and insurance businesses while insurance firms can directly invest in the stock market and acquire stakes in banks. This unveils the key changes in a fully opened finance sector. Financial institutions on the Mainland can have a more diverse mix of operations in securities, banking and insurance. 1 2 3 4 5	Founded in 1908, Bank of Communications is one of the oldest bank and earliest bank notes issuers in China. With a national network of 92 branches and 2413 sub-branches, it is a commercial bank has three principle lines of business as corporate banking, retail banking and treasury operations. It is 19.9 percent-owned by global lender HSBC. In the first quarter of 2006, Bank of Communications total interest income increased 26 percent to 14.34 billion yuan. Net interest income after LLP increased 19 percent to 8.79 billion yuan. Net income increased 43 percent to 2.9 billion yuan. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR News of iPhone deal between Apple and China Mobile? Shanxi stainless steel maker buys parent’s power plant CB Richard Ellis acquires high-end Shanghai complex Youngor 1H net profit up 49% to US$284m Quake erodes profits at Sichuan white goods maker COSCO builds world’s biggest semi-submersible vessel Jiangxi to develop aviation hub China launches global hunt for SOE compliance chiefs Kunming Machine Tool 1H net profit up 57% Shenzhen Fortune launches $29.25m VC fund Go to Complete List >

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