Latest articles from China

China’s Top 10 movers and shakers/Part 2

October 3, 2005

ZHANG RUIMIN: CEO of Haier Group
Zhang Ruimin, 56, has been a famous figure in China for years for his role in building Haier into China’s largest electronics appliance maker.

China’s Top 10 movers and shakers

October 3, 2005

Kazuhiko Shimizu reports from Shanghai on the 10 VIPs of business and government in China.

New Riches- How China and the GCC will spend their megabucks

October 3, 2005

Bankers are already on the case of how China’s and the Gulf States’ huge reserves of foreign exchange can be put to best use.Stephen Timewell reports.

RBS buys 5% of Bank of China

September 5, 2005

Royal Bank of Scotland (RBS), the sixth largest bank in the world by Tier 1 capital in The Banker’s Top 1000, has spent $1.6bn on 5% of state-owned Bank of China.

China’s new currency regime raises questions

August 1, 2005

China’s decision on July 21 to replace its currency peg to the US dollar with a managed floating exchange rate regime has been welcomed by those clamouring for currency reform. But the relatively small 2.1% revaluation of the renminbi leaves many questions unanswered.

China’s growth marks new economic era

July 4, 2005

China has entered a new cycle of growth and is willing to integrate further into the world economy, contributing to the greater global good, according to Jin Renqing, the Chinese finance minister.
The politician was speaking at a presentation to mark his acceptance of The Banker’s Finance Minister of the Year, Asia award in London early last month. Mr Jin outlined the latest macroeconomic developments in his home nation and revealed Chinese efforts to maintain a stable economic outlook.

The best of the rest

May 2, 2005

Banking analysts say that there are about 30 city commercial banks among China’s city lenders that have decent balance sheets and are worth considering for investment. Though the banks still need more capital injections from local and foreign strategic partners, they are small and do not require multibillion-dollar investments.

Zhejiang Province Commercial Banks

May 2, 2005

Wenzhou City Commercial Bank, Hangzhou City Commercial Bank and Ningbo City Commercial Bank, all lenders thriving on the booming private economy of Zhejiang Province, are front-runners in improving capital adequacy ratios, reducing NPLs and shifting from shareholder bases dominated by local government entities to those comprised mainly of private companies. Analysts say that these are among the top choices after Suzhou City Commercial Bank. Potential foreign investors have been visiting them.

Suzhou City Commercial Bank

May 2, 2005

Suzhou City Commercial Bank has a lot going for it and plenty of foreign suitors are lined up hoping for a stake. One factor may be the charm of its location – China’s famed garden city, just an hour away from Shanghai in the country’s fastest growing industrial region. But a bigger factor is probably its clean balance sheet.

Nanjing City Commercial Bank

May 2, 2005

Foreign lenders looking for tips on good potential partners often appear to take cues from the IFC: in one of several examples, the IFC proposed an investment in the Bank of Beijing by the end of 2004 and ING Groep NV took a 19.9% stake this March.

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