News
CBRC cautions Chinese banks against excessive fees
www.financeasia.com
[FinanceAsia] - By Lillian Liu | 12 April The numbers may not seem big — Rmb10 ($1.58) for changing a password, Rmb10 for reporting a lost or stolen debit card, Rmb25 for opening an online account, Rmb3 to get a text message reminder — but China's 1.3 billion
China Merchants Bank gets approval for $5.5 billion rights issue
www.financeasia.com
[FinanceAsia] - By Lillian Liu | 11 April China Merchants Bank (CMB) has received the green light from regulators to go ahead with a massive rights issue that could raise up to Rmb35 billion ($5.5 billion). The approval means it will be able to join the wave of
Profitability of Chinese banks set to fall
www.financeasia.com
[FinanceAsia] - By Lillian Liu | 22 March Chinese banks routinely publish good annual results these days. Their earnings, which will be announced from today onwards, are likely to set new records as well. But this good fortune will not continue.
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