The Banking and Strategy Initiative

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Tag Archives: China Construction Bank

Bubblecious Global Markets worried by China skinny dipping again? | Advantage China

CCB in the market with a $15B shopping Bag Dealmakers are happy of course and US bank stocks jumped 3-5% on yesterday’s news that China’s no. 3 by assets and … Continue reading

September 17, 2012

China’s banks pull in claws: ICBC still head and shoulders above the rest in 2011

ICBC results a minute ago, would have beaten CCB profits by 38 bln yuan or nearly 23% and AgBank by 86 bln Yuan for a 2011 total of CnY 208 … Continue reading

March 29, 2012

Chinese Banks pull in claws! AgBank 2011 results still up 29%

The Bank reported profits of $19.3 bln or RMB (CnY)122bln for the full year despite significant headwinds as the CBRC asked the top 4 Chinese Banks to redenominate another CnY … Continue reading

March 25, 2012 · 1 Comment

China’s Banks 2012 lending targets | China Review & Insight

When early last month, China banks reported a 25% Y/Y slowdown to CnY 750 bln or $125 bln it was now so slow if including the Year of the Dragon … Continue reading

March 3, 2012

Crisis Theater: A Global downward spiral for US Banks

While the downdraft has been traced to Europe and forces Asian currencies and the entire common market into submission, Europe itself took brute force of the downturn ahead as signs … Continue reading

November 23, 2011 · 3 Comments

Temasek, CIC purchase more of China Construction Bank

How BofA’s CCB stake sale played out?  Temasek Holdings , a Singapore owned sovereign fund upped its stake from 8.10% to 9.42% buying $2.1 bln worth 377 mln of the … Continue reading

November 21, 2011 · 1 Comment

BofA gets rid of CCB stake for $7.4 bln

While the price is not clear, the release of $1.4 bln in Capital gains from a 4% sake sale this time around, adds to the $3.3 bln raised into Core … Continue reading

November 15, 2011 · 6 Comments

Deal momentum in China: CAT, GS buy/sell stakes

Even as BofA gets ready to look for another $3-$5 bln from its stake in CCB, its stake corrected as Goldman Sachs sold 0.5% of its 2.9% stake in ICBC … Continue reading

November 10, 2011 · 5 Comments

Bank of America settles overdraft charges, to sell CCB stake

The Bank was embroiled in a suit with its customers for over $1 bln in overdraft fee charges. Yesterday in Miami the court ruled in favor of the acountholders (Bloomberg)U.S. … Continue reading

November 8, 2011 · 2 Comments

China wins again! ICBC stamps its leadership on the kingdom

ICBC’s third quarter fee revenues were 33% or Yn 6 bln higher than pretender AgBank with Net Profits a  50% higher at Yn 54 bln. With NPLs a low 0.91% … Continue reading

October 28, 2011