Bank of China Ltd's application to sell convertible bonds will be reviewed by China's securities regulator on May 24.
The Industrial and Commercial Bank of China (ICBC), whose new lending has slowed by two-thirds this year, has confirmed it will issue only A-share convertible bonds.
Bank of Beijing's plan to sell as much as 10 billion yuan ($1.5 billion) of subordinated bonds on the inter-bank market has been approved by its board of directors and will be reviewed by its shareholders, China Business News reported Thursday.
China's State Council, or Cabinet, has approved refinancing plans for the country's four State-owned listed banks to raise a combined 287 billion yuan ($42.04 billion), the National Business Daily reported today, citing unidentified sources.
Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), the country's first- and third-largest lenders by market value, may be considering tweaking their fund-raising plans by offering A- and H-share rights issues instead of convertible bonds in Shanghai, according to sources familiar with the matter on Friday.
China's Hua Xia Bank said on Thursday it planned to raise up to 20.8 billion yuan ($3.05 billion) via a private share placement in which state-owned steel mill Shougang would leapfrog Deutsche Bank as the biggest shareholder.
China Everbright Bank Co reignite its IPO (Initial public offering) dream in Shanghai, and date is likely to be before the end of June, ahead of that of Agricultural Bank of China, according to media reports Wednesday
Industrial and Commercial Bank of China are likely to revise their fund-raising plans by offering rights issues in Shanghai and Hong Kong rather than selling shares and convertible bonds, the 21st Century Business Herald reported on Wednesday.
China's banking regulator had been attaching great importance to building "fire walls" among Chinese banks to prevent internal conflicts since 2003, the Securities Times reported Tuesday.
China's four largest publicly traded banks need 480 billion yuan ($70 billion) of capital to comply with regulatory requirements for financial strength, according to Industrial & Commercial Bank of China Ltd. New lending slows on government curbs
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
