Banking & Finance « Week In China - Part 36

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Banking & Finance

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China’s big banks are lending like there’s no tomorrow
May 8, 2009 (WiC 14)

How do you make a grown man cry? Make him watch Marley & Me, perhaps? Or in the case of Wang Jian tell him he can lend you the money to build a bridge. Wang told Southern Weeked that he indeed did shed tears – of joy – when his ...

Bank loans are now at Alibaba’s command
Apr 30, 2009 (WiC 13)

China’s banks lent $671.6 billion in the first quarter of this year. The problem is that hardly any of this money went to small and medium-sized enterprises (SMEs). SMEs represent the lifeblood of an economy. They are typically the most ...

Zhongwang may revive the Hong Kong market for Chinese listings
Apr 24, 2009 (WiC 12)

In times like these, an IPO needs all the help it can get. Little wonder then that Zhongwang – an aluminium firm – has calibrated its price range so that if it prices at the top, Hong Kong’s retail investors will get a board lot for ...

Earthquake-ravaged Fangbei tries a financial experiment
Apr 17, 2009 (WiC 11)

After narrowly losing out in the Masters at Augusta last weekend, golfer Kenny Perry cut a very dignified figure. The 48 year-old commented: “If this is the worst thing that happens to me, then I’ll have had a pretty good life.” Perry ...

Getting a credit card in China isn’t as easy as it used to be?
Apr 10, 2009 (WiC 10)

Cinema audiences got to see a lot of China Merchants Bank’s Platinum credit card in the movie, If You Are The One. The film, which broke Chinese box office records in February, was co-financed by the bank. One upshot was a number of fairly ...

China’s provinces have launched their debut municipal bonds
Apr 3, 2009 (WiC 9)

Amidst high default rates, punitive credit ratings and unprecedented funding costs in large parts of the world’s municipal bond markets, you will probably be surprised to hear that – despite the less than perfect timing – two of China’s ...

China’s banks remain bastions of profitability in a world of red ink
Mar 27, 2009 (WiC 8)

Given the modest amount of their own capital and their tiny loan-loss reserves, and after taking into account the magnitude of non-performing loans, several of China’s major banks are already insolvent.” This was the verdict – almost ...

Premier Wen Jiabao is “a little bit worried” about China’s dollar-denominated investments
Mar 20, 2009 (WiC 7)

Which assets is he most worried about? The Chinese press focus mostly on US Treasuries, with the state media reporting that its government has bought “low-risk but low-yield assets, such as US government bonds, to play it ...

A communist party secretary and his banking experiment in Guangdong
Mar 20, 2009 (WiC 7)

In this era of internet banking and high tech finance, it may seem odd that China is copying a banking model established in the UK in 1810. But distinct parallels can be drawn between the Xiaolan Rural Bank and the world’s first mutual savings ...

China’s punters are buying shares again
Mar 13, 2009 (WiC 6)

China’s stock market performance so far this year seems to be reliving past glories, if current conditions are anything to go by. In the fortnight leading up to the annual meeting of the National People’s Congress, over 876,000 new broking ...

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