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Baosteel Made an Announcement Announcing It Successfully Issued $500 Million Foreign Bonds

Dec 17, 2013

On December 7, Baosteel Co., Ltd made an announcement, announcing it successfully issued $500 million foreign bonds. The issuance of dollar bonds was the first time for Baosteel Co., Ltd to use a wholly owned overseas subsidiary Bao-Trans ...

Tags: Metallurgy, Mineral, Steel

UK Life Group Resolution Is Negotiating with Prospective Buyers to Divest Lombard Division

Nov 25, 2013

UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business that ...

Tags: Life Group, Insurance Business

CCB Will Control a 72 Percent Stake in Brazil-Based BIC

Nov 5, 2013

China Construction Bank (CCB, SHSE: 601939, and SEHK: 0939), the biggest real estate and mortgage lender in the Chinese mainland, will control a 72 percent stake in Brazil-based Banco Industrial e Commercial S.A. (BIC). It said in the ...

Tags: bank, economy, service

Jinling Bank Gained Pre-Approval From The State Administration

Oct 21, 2013

The name of "Jinling Bank Co., Ltd.", co-sponsored by Sanpower Group and Yurun gained pre-approval from the State Administration for Industry and Commerce, marking private capital takes a step forward to enter the banking. This July 5, ...

Tags: Bank, Jinling Bank

Some People Think That China Is Not Only a Country, But Also a Big Factory.

Aug 30, 2013

Some people think that China is not only a country, but also a big factory. Especially in textile production, China has the image of being a land of extremely large companies with tens of thousands of employees in every factory. For the ...

Tags: Textile

China's Cabinet Is Throwing More Support Behind Small and Micro-Sized Businesses

Aug 16, 2013

China's Cabinet is throwing more support behind small and micro-sized businesses by emphasizing more financing innovation and credit for the cash-thirsty private sector. 8 detailed targets have been released by the State Council, ...

Tags: China Reiterates

Credit Stoked Concerns Regarding How Quickly Country Can Complete Economic Transition

Aug 13, 2013

A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition. Hundreds of underground banks that mushroomed in ...

Tags: Economic Transition

China Premier Li Keqiang Chaired a State Council Executive Meeting on June 19

Jun 21, 2013

China Premier Li Keqiang chaired a State Council executive meeting on June 19, studying the deployment of policies and measures to support economic restructuring, transformation and upgrading. The meeting studies and nailed down policies ...

Tags: economy, private capital

Iraqi Banks Have Almost Entirely Relinquished Their Traditional Functions

Jan 23, 2013

By Omar al-Shaher, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Privately held Iraqi banks have almost entirely relinquished their traditional functions ...

Tags: Questions, Private Banks, Iraq

Twenty-Two of Iraq's 30 Private Banks Made a Combined Profit of $366 Million

Jan 7, 2013

By John Lee. Twenty-two of Iraq’s 30 private banks made a combined profit of $366 million (427 billion Iraqi dinars) during the first nine months of the year, according to a study released by the Association of Private Banks in ...

Tags: Iraq, private banks, finance, investment

More Than $224 Million Has Been Injected Into Iraq's Private Sector Economy

Dec 27, 2012

More than $224 million has been injected into Iraq’s private sector economy in the form of Small & Medium Enterprise bank loans thanks to a cooperative effort between the USAID-Tijara Provincial Economic Growth Program and 12 private ...

Tags: Iraq, private sector economy, commercial banks, finance

Corporate Entities Were Interested in Setting up New Banks

Dec 21, 2012

PTI reported that corporate entities interested in setting up new banks including Reliance Capital and Religare have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening. In a major step to reform India's ...

Tags: bank, reform, Banking Laws Bill, RBI

CIBIL Becomes The First to Provide Market Analytics to Financial Institutions on a Model

Dec 20, 2012

India's first credit information company, CIBIL, also becomes the first to provide market analytics to financial institutions on a SaaS model. It was by the beginning of the new millennium and the India Shining story was just about to get ...

Tags: CIBIL, credit information company, market analytics

Taiwan's Domestic Banks Held Deposits of NT$28.05 Trillion

Nov 27, 2012

Taipei, Nov. 20, 2012 (CENS)--Taiwan’s domestic banks held deposits of NT$28.05 trillion (US$935 billion) as of the end of August, up 5.8% year on year, with term deposits accounting for NT$12.72 trillion (US$424 billion) or 45%, ...

Tags: domestic bank, Financial Supervisory Commission, deposit

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