Bank - Xinhua Silk Road

New Development Bank to boost outreach, funding projects in local currencies

The New Development Bank (NDB) will expand its outreach and fund more of its projects in local currencies to support the development of emerging economies, Dilma Rousseff, the bank's president, said on Tuesday.

June01,2023

DBS China proposes investment strategy themes for second half of 2021

DBS Bank (China) Limited (DBS China) recently proposed three major investment strategy themes for the second half of 2021 including technological core, green environmental protection, and high-interest assets, aiming to find new drivers of global economic growth together with customers, reported by Shanghai Securities News Monday.

August02,2021

Huawei joins hands with SPD Bank to conduct all-round fintech cooperation

China's tech giant Huawei and Shanghai Pudong Development Bank (SPD Bank) signed a strategic cooperation agreement on Tuesday in a bid to carry out an all-round cooperation, the Xinhua-run China Securities Journal reported on Wednesday.

August12,2020

Chinese small- & medium-sized banks eager to go public to boost capital

China's small- and medium-sized banks remained enthusiastic about financing via initial public offerings (IPO) this year despite that approval of their IPO applications slowed down due to regulatory concerns over their asset quality and risk shielding, reported Economic Information Daily Wednesday.

July15,2020

China Exim Bank to crank up supports for BR construction, chairman

Chinese policy lender the Export-Import Bank of China (China Exim Bank) will pour more efforts to support constructing the Belt and Road, reported Shanghai Securities News citing its chairman Hu Xiaolian Friday.

March15,2019

EU bank provides 200 million euros for Schleswig-Holstein Investment Bank

The European Investment Bank (EIB) is supporting projects in Schleswig-Holstein with financial resources of around 200 million euros.

March13,2019

Nigerian bank launches Africa-China banking center in Lagos

Stanbic IBTC Bank Plc has launched an Africa-China Banking Center (ACBC) in Lagos, Nigeria's economic hub, for the Chinese businesses operating in Nigeria and Nigerian companies trading with China.

November15,2018

Belt and Road Initiative to provide triple benefits, globalize RMB: HSBC

The Belt and Road Initiative will help China fully integrate with the greater economy and provide triple benefits to participating countries, said Vina Cheung, global head of RMB Internationalization at HSBC.

May04,2017

Bank puts focus on internet innovation

China CITIC Bank Corp Ltd is boosting its internet finance business, to enhance market performance, as profits based on interest-rate spreads are decreasing, according to senior executives.

April17,2017

China's SPD Bank 2016 net profits up 4.93 pct

Shanghai Pudong Development (SPD) Bank said its 2016 net profit climbed 4.93 percent from a year earlier to 53.1 billion yuan (about 7.7 billion U.S. dollars).

April05,2017

China Construction Bank net profit up 1.45 pct in 2016

China Construction Bank Corp. said on Wednesday its net profit in 2016 rose 1.45 percent to 231.46 billion yuan (about 33.6 billion U.S. dollars), buoyed mainly by commissions and fees.

March30,2017

Agricultural Bank of China net profit up 1.8 pct in 2016

Agricultural Bank of China, one of the country's biggest lenders, on Tuesday said its net profit rose 1.8 percent year on year to 184 billion yuan (about 26.7 billion U.S. dollars) in 2016.

March29,2017

China's Bank of Communications reports slim rise in profits in 2016

Bank of Communications, China's fifth-largest lender, reported slightly higher net profits in 2016 from a year earlier on the back of steady growth in non-interest income.

March29,2017

S Africa's trade ministry signs MOU on cooperation with Bank of China

South Africa's Ministry of Trade and Industry on Monday signed a Memorandum of Understanding (MOU) on strategic cooperation with Bank of China in Johannesburg to strengthen the relations between the two entities.

March28,2017

Zimbabwe's state-owned telecoms firm launches Chinese-funded world class data center

Zimbabwe's state-owned fixed line telephone operator TelOne on Thursday launched a world class data center which is part of the national broadband project being funded by China Exim Bank.

March24,2017

Online financer to work with dental clinic group

China's online financing service platform 9F Bank Group Co Ltd announced on Thursday it will begin a medical installment project with Enjoy Dental Clinic Group, a 10-year private medical enterprise in China.

March24,2017

BOC's overseas lending outgrows domestic loans

Bank of China Ltd's overseas corporate loan growth surpassed domestic corporate loan growth in 2016 for the first time, signaling a new stage of internationalization, according to senior executives of the bank.

March23,2017

China Development Bank's loans to Beijing-Tianjin-Hebei region close 1 trn yuan

China Development Bank said it has provided 984 billion yuan (about 143 billion U.S. dollars) of loans in 2016 to support the Beijing-Tianjin-Hebei region.

February27,2017

China’s HNA Group holds 3 pct stake in Deutsche Bank

China’s HNA Group, a conglomerate headquartered in Haikou, capital of south China’s Hainan province, has become one of the major shareholders of Deutsche Bank after it bought a 3.04 percent stake in the German lender for over 700 million euros (about 740

February21,2017

HNA takes stake in Deutsche Bank

China's HNA Group has taken a stake of just over 3 percent in Deutsche Bank, and it said on Friday that it could buy further shares in the German lender.

February20,2017