Banks need better government backing to support the financing needs of small and medium-sized enterprises (SMEs), particularly during difficult economic times, according to HSBC’s co-CEO for the Asia-Pacific region. “The …
Asian investors were allocated 96 per cent of the bond, which was rated AA+ by S&P, while the rest went to European investors. They included banks, asset managers, private banks …
Industrial and Commercial Bank of China (ICBC), the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract. Net income …
China’s commercial banks are removing some of their long-term fixed-income products and cutting rates offered to depositors, in an effort to shore up profitability, as challenges, including a slumping property …
Shimao urged its offshore creditors to “carefully consider” the restructuring plan put forward on March 25, in which it presented four options including short-term and long-term notes offering an aggregate …
Operating income, primarily interest income and fees, climbed 0.3 per cent to 258 billion yuan from 257.3 billion the previous year. The lender is distributing 27.8 billion yuan in dividends …
Bank of China said it plans to sell up to 150 billion yuan (US$21 billion) of loss-absorbing bonds, becoming the nation’s first big state bank to plug a major funding …