China Construction Bank @ The China Perspective

August 20,2007

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.

ABC bail-out imminent

July 03,2007

By STAFF EDITOR

The central government is preparing to launch a long-awaited rescue plan for the Agricultural Bank of China (ABC), one of the nation’s four largest commercial banks, the Shanghai Financial News reported. The bank won official backing for its reform plans at a key central government finance meeting in January, although details were never revealed. However, according to the newspaper, ABC is likely to receive US$140 billion from the central government to cover accumulated non-performing loans worth nearly US$100 billion and kick start corporate restructuring. ABC’s NPL ratio stood at over 23% last year compared to the 7.5% average of China’s commercial banks. [Caijing magazine puts the bank’s NPLs at US$115 billion (RMB 900 billion) – TCP]. ABC is the only one of the Big Four banks not to have undergone a significant financial overhaul. The Bank of China and the China Construction Bank each received US$22.5 billion dollars and the Industrial Bank of China US$15 billion dollars from the government as part of a three-step plan that eventually led to their stock market listings in Hong Kong.

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 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

Bank of America and China Construction Bank to offer credit cards

April 17,2007

By STAFF EDITOR

Bank of America, already a 9% stakeholder in China Construction Bank, has announced a partnership to market credit cards.

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.

Can Listed State-Owned Banks Fit in on the Market?

February 11,2007

By AMY CHEUNG

Three out of four state-owned commercial banks have successfully completed listings. Does this mean that they have transformed to market-oriented operations?

State-Owned Banks Hunt Overseas

January 24,2007

By AMY CHEUNG

After completing stock reforms and listings, three state-owned commercial banks, Industrial and Commercial bank of China (ICBC), China Construction Bank (CCB) and Bank of China (BOC), are planning asset acquisitions overseas.

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Today’s Daily Briefs E-Mail

	SWIFT to set up first office in China August 20,2007 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. ABC bail-out imminent July 03,2007 By STAFF EDITOR The central government is preparing to launch a long-awaited rescue plan for the Agricultural Bank of China (ABC), one of the nation’s four largest commercial banks, the Shanghai Financial News reported. The bank won official backing for its reform plans at a key central government finance meeting in January, although details were never revealed. However, according to the newspaper, ABC is likely to receive US$140 billion from the central government to cover accumulated non-performing loans worth nearly US$100 billion and kick start corporate restructuring. ABC’s NPL ratio stood at over 23% last year compared to the 7.5% average of China’s commercial banks. [Caijing magazine puts the bank’s NPLs at US$115 billion (RMB 900 billion) – TCP]. ABC is the only one of the Big Four banks not to have undergone a significant financial overhaul. The Bank of China and the China Construction Bank each received US$22.5 billion dollars and the Industrial Bank of China US$15 billion dollars from the government as part of a three-step plan that eventually led to their stock market listings in Hong Kong. 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 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 Bank of America and China Construction Bank to offer credit cards April 17,2007 By STAFF EDITOR Bank of America, already a 9% stakeholder in China Construction Bank, has announced a partnership to market credit cards. 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. Can Listed State-Owned Banks Fit in on the Market? February 11,2007 By AMY CHEUNG Three out of four state-owned commercial banks have successfully completed listings. Does this mean that they have transformed to market-oriented operations? State-Owned Banks Hunt Overseas January 24,2007 By AMY CHEUNG After completing stock reforms and listings, three state-owned commercial banks, Industrial and Commercial bank of China (ICBC), China Construction Bank (CCB) and Bank of China (BOC), are planning asset acquisitions overseas. 1 2 3 4 5 6 7	Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Flat panel TV production up 42% Disney launches English language school in Shanghai M&A activity down in Q3 Bosch to sink additional US$1.17b into China Airbus may cooperate with China’s jumbo jet maker One-third of users access internet through mobile phone Shenzhen to spend US$439m on software base Ship export earnings up 61% through July Profits slashed at chemical maker amid rising costs Shenzhen-listed firms buy assets worth $3.25b in 1H Go to Complete List >

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