Sep. 17, 2008 (China Knowledge) - Bank of China (BOC)<601988><3988> said it is keeping a close watch on Lehman Brothers' unsecured bonds it holds after the U.S. investment bank filed for bankruptcy, Wang Zhaowen, BOC...
Bank of China<601988><3988>, one of the Big Four state-owned commercial banks in China, is in talks with investment banks on possible fund-raising plans, sources reported. The Chinese lender expects to boost its capital adequacy ratio to 13% by raising as much as US$15 billion, according to the source. At...
Bank of China Ltd., China's third largest bank by market value, is studying various options to replenish its capital to meet new guidelines on the capital adequacy ratio issued from the China Banking Regulatory Commission (CBRC). Although the bank has no detailed plans to disclose yet, it respect...
Bank of China<601988><3988>, the nation's third-largest lender, said on Monday that its executive vice president Zhu Min, has resigned as he will transfer to another position, the Wall Street Journal reported. Reportedly, Zhu will take a post at the country's central bank, the People's Bank of China, before being...
Bank of China Ltd<601988><3988>, the country's fourth-biggest bank by assets, on Tuesday signed a strategic cooperation agreement with China Shipping Group Co, the parent of the country's biggest container-shipping firm, China Shipping Container Lines Co Ltd<601866><2866>, according to a...
One of China's largest State-owned investment companies, Central Huijin Investment Ltd. has increased its shareholdings of three State-owned banks. The company increased its holdings of Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) each by 0.01 percent, and by 0...
Huaneng Power International Inc<600011><0902><HNP> yesterday was granted two domestic loans totaling RMB 15 billion or S$3.2 billion to pay back funds borrowed from overseas banks for the acquisition of Singapore's Tuas Power Ltd, sources reported. The Chinese power giant is borrowing S$2.8 billion...
Bank of China<601988><3988>, the country's largest foreign exchange lender, has secured approval from the China Insurance Regulatory Commission to buy a controlling stake in Tianjin-based Heng An Standard Life, sources reported.The insurance watchdog said in a statement that the acquisition will be...
Bank of China<601988><3988>, the country's largest foreign exchange lender, has signed a strategic agreement to grant China Resources (Holdings) Co Ltd, an industry conglomerate and the parent of China Resources Enterprise Ltd<0291> and China Resources Land Ltd<1109>, a credit line of RMB 70 billion,...
India-based Sistema Shyam TeleServices, a joint venture between Russia's AFK Sistema OAO and India's Shyam Group, said on Thursday it had signed an agreement with Bank of China Ltd<601988><3988> to obtain US$70 million in eight-year loans from the Chinese lender to finance its expansion, Reuters...