China
New deposit-stabilisation rules restrict window-dressing of deposits in Chinese banks
H-share banks to benefit from rules.
These are the things to consider should the RMB's fortune reverse
It includes resistance in FX policy.
RMB's solid performance got the market transfixed
And there’s no slowing down for now.
Bank of East Asia pops the champagne on SMBC's hiked investment
222m new equity shares were bought.
Chinese banks to issue capital securities significantly until end-2015: Fitch
Issuance likely in foreign and local currency.
Solid fee income drives CITIC Bank's 8.1% y/y 1H14 bottom line growth
Steady net interest income also significantly contributed.
Decreased credit cost boosted Minsheng's bottom line growth
While asset quality deteriorated further.
Higher bond investment yield drives ICBC NIM up to 2.62% in 2Q14
Despite higher deposit cost.
Agriculture Bank of China's solid 1H14 net profit surges 12.6% to RMB 104bn
Growth possibly highest among big 4 banks.
BoCom 2Q14 NIM rebounds strongly by 11ps q/q to 2.44%
Thanks partly to improved investment yield.
Good times are rolling once more for Bank of China's overseas business
It also resulted in stronger NIM.
Bank of Communication's 1H14 net profit climbs 5.6% YoY to CNY36.8b
Loan growth, meanwhile, remained moderate.
Chongqing Rural Commercial Bank 1H14 loan growth surges 17.8% YoY
While NIM went above the consensus.
Time deposits drive Chongqing Rural Commercial Bank end-1H14 deposits to RMB 395.1bn
But loan growths were stable.
RMB deposits fall sharply in July by CNY1.98T
Loan growth, meanwhile, was more selective.
Fund flows to China’s equity market dropped to US$1.6b in early August
Fund flows to China and HK continue.