China
Consequences of China bank ownership reform murky: Fitch
Consequences of China bank ownership reform murky: Fitch
No established precedent for implementation of reforms.
Hang Seng Bank exceeds consensus estimates with 1H14 net profit of HK$8,468mn
Reflecting unexpectedly better non-interest income.
China banks to kick off 1H14 reporting season
Decent average profit growth is expected.
BEA lowered cost income ratio to 53.2% in 1H14
The bank kept its word.
Standard Chartered's Renminbi Globalisation Index up 0.3% m/m in June
However, it's the slowest in 20 months.
India's ICICI Bank flexing more granular balance sheet
ROEs are also inching towards optimum levels.
Deutsche Bank wraps up first series of RMB option trades for Chinese corporates
In line with the new SAFE regulation.
Bank of East Asia 1H14 net profit up 6% y/y at HK$3.58b
Reflecting non-interest income that exceeded expectations.
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Reforms in China banks poised to be next catalysts
Reform plans could improve NPL visibility.
BOCOM announces deepened mixed-ownership, corporate governance reform plans
Shareholding incentive could be one reform area.
ICBC board gives green light on issuance of domestic, offshore preference shares
Each share has a value of CNY100.
ICBC mulls on issuing preference shares
Dividends of these shares are non-cumulative.
China banks are starting to show signs of liquidity relaxation
June M2 growth went beyond consensus forecast.
RMB loan growth in China banks surges to CNY1.1t MoM in June
Thanks to firm RMB deposit growth.
China banks' new loans in June jumped to RMB1.08t
Due to appetite for lending to SMEs.
Consensus earnings forecasts for China banks possibly understated
Major discrepancy could come from asset quality.