Company Overview and News


Add CCB
to your dashboard

Headline News

China ETFs in Focus as GDP Growth Slows

2017-10-20 zacks
China’s National Bureau of Statistics said that the country’s GDP grew 6.8% year over year in the third quarter compared with 6.9% in the second quarter. However, GDP growth came in line with market expectations. Moreover, the GDP grew 1.7% sequentially in the quarter compared with 1.8% in the previous quarter. This slowdown comes just a day after president Xi Jinping started a twice-in-a-decade meeting to decide on the country’s leadership. (56-0)

PBOC Retirement Hint Puts Officials in Play for Governor Job - Bloomberg

2017-10-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (3-0)

China hires 10 banks including Citigroup, HSBC for $2 bln sovereign bond issue

2017-10-20 reuters
HONG KONG, Oct 20 (Reuters) - China has hired 10 banks including Agricultural Bank of China Bank of Communications, and Citigroup for its $2 billion dollar-denominated sovereign bond issue, according to an internal bank memo seen by Reuters on Friday. (17-0)

Chinese immigrants increasingly caught up in raids on illegal marijuana farms | McClatchy Washington Bureau

2017-10-17 mcclatchydc
Police are arresting large numbers of Chinese nationals in raids on illegal marijuana operations in California, Colorado and other states, raising questions about who is financing these grow houses and recruiting the immigrants to tend them. (1-0)

China's Big Banks Are Winning as Debt Curbs Bite - Bloomberg

2017-10-13 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (6-0)

China banking regulator, Hubei chief front runners to head central bank-sources

2017-10-13 reuters
BEIJING (Reuters) - China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter. (1-0)

China banking regulator, Hubei chief front runners to head central bank - sources

2017-10-13 in.reuters
BEIJING (Reuters) - China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter. (1-0)

China's Biggest Bank Still Seen as Undervalued at $325 Billion - Bloomberg

2017-10-12 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (137-0)

China’s big-cap growth expected to beat smaller peers for record sixth straight quarter in 4Q

2017-10-11 scmp
Report suggests Chinese households may divert as much as US$908.8bn into equites from domestic wealth management products over next two years, mainly buying large banks and similar that generate steady dividends (53-0)

China Debt-for-Equity Swaps Turn Out More Like Debt-for-Debt - Bloomberg

2017-10-11 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (1-0)

China ETFs Rally After Week Long Holiday

2017-10-09 zacks
Chinese markets witnessed great buying on Oct 9 after a week-long Golden Week holiday, despite a 21-month low figure for the Caixin services purchasing managers' index. The Caixin Services PMI declined to 50.6 in September compared with 52.7 in August. (7-0)

Industrial Bank set ups inclusive finance department to bolster small business lending

2017-10-09 scmp
Industrial Bank said on Monday it has set up an inclusive finance department, reflecting the latest effort of banks to benefit from regulatory incentives to ramp up financing to small businesses and low-income individuals. (1-0)

Hong Kong, Japanese stocks drive Asian shares up

2017-10-04 thehindubusinessline
Dollar eases amid speculation over the next US Fed chair; Investors jittery over Catalonia's vote for independence (1-0)

Hong Kong, Japanese stocks boost Asia on optimism over global growth

2017-10-04 in.reuters
SYDNEY (Reuters) - Japanese and Hong Kong share markets led Asian stocks higher on Wednesday, with the Chinese central bank’s weekend move to free up more liquidity boosting sentiment as the world’s second-largest economy grows at a steady pace. (1-0)

China Electronics looks to expand in international markets

2017-10-03 janes
State-owned China Electronics Corporation (CEC), a vital developer of C4I systems for the People’s Liberation Army, has signed a co-operation agreement with the China Construction Bank to expand in international markets. (1-0)

ICBC, China Construction Bank head for biggest gains in two years after PBOC cuts RRR

2017-10-03 scmp
Shares of Chinese banks soared in Hong Kong on Tuesday, with ICBC and China Construction Bank heading for their biggest jumps in two years, after the People’s Bank of China cut the reserve requirement ratio for some banks to support the development of “inclusive” financial services, a move that analysts say will boost the net profit of big lenders. (1-0)

Citi (C) Aims China's Belt & Road Scheme to Improve Revenues

2017-09-27 zacks
Following Beijing’s Belt & Road initiative, the Wall Street giant — Citigroup Inc. (C - Free Report) — aims to explore new opportunities in China, thereby boosting revenue growth, per Reuters. Notably, the initiative was announced in 2013 with the target of strengthening China’s global leadership through infrastructure development and improvising trade relations between Asia, Africa, Europe, and beyond. (132-0)

China-Swiss deals at three year low but rebound expected after 19th Party Congress sets policy

2017-09-27 scmp
China’s capital controls have caused overseas acquisitions between China and Switzerland to drop to their lowest level in three years but the head of a Swiss chamber of commerce believes deal activity will rebound after Beijing clarifies economic policy at its Party Congress next month. (2-0)

After spate of suicides, China targets predatory student lending

2017-09-26 in.reuters
DENGZHOU, China (Reuters) - In the final hour of his life, Zheng Dexing, 21, checked into a hotel and told family and friends in a flurry of phone messages that he was about to kill himself. (1-0)

Trump Widens North Korea Sanctions: ETFs in Focus

2017-09-22 zacks
Following the threat to “totally destroy” North Korea early this week, President Donald Trump stepped up its rhetoric by imposing a new round of sanctions against North Korea. This time, he put a ban on international banks from the American market if they facilitate transactions with North Korea. The sanction also allows the U.S. Treasury Department to freeze the assets of individuals or companies that support North Korea's textile, fishing, information technology and manufacturing industries. (8-0)

Citigroup targets Belt and Road to boost China revenue

2017-09-22 reuters
BEIJING (Reuters) - Citigroup Inc (C.N) expects to boost its revenue growth in China by tapping into opportunities presented by Beijing’s Belt & Road initiative, the bank’s China chief said. (117-1)

ICE delays takeover of London's silver benchmark to Oct. 2

2017-09-21 reuters
LONDON, Sept 21 (Reuters) - ICE Benchmark Administration, a unit of Intercontinental Exchange (ICE), will take over as operator of London’s silver benchmark on Oct. 2, a week later than planned, the exchange said on Thursday. (101-0)

Tencent Promises to Resurrect CICC's Squandered Future - Bloomberg

2017-09-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (174-0)

Tencent buys 5 per cent stake worth US$372m in prestigious Chinese investment bank, CICC

2017-09-20 scmp
The deal marks the linking of two of China’s strongest players from the tech and finance industries (56-0)

Home loan rates for first-time buyers rise as Beijing tries to curb property market

2017-09-20 scmp
Home loan rates are going up in Beijing and other big Chinese cities as the government tries to discourage people from buying property with huge loans. (1-0)