Bank of China

SGX launches depository receipts for five Hong Kong stocks, including Alibaba, BYD - THE EDGE SINGAPORE

Markets

SGX launches depository receipts for five Hong Kong stocks, including Alibaba, BYD

SGX has launched Hong Kong SDRs for five mega-cap companies: BYD Company, HSBC, Bank of China, Alibaba and Tencent.
UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil - THE EDGE SINGAPORE

Banking & finance

UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil

The bond is the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.

China Focus

Banking on China

SINGAPORE (Oct 28): It is no surprise that globally, all economies are slowing. The relentless attack on the logistics of free trade has an inevitable effect. The bears baying for China’s demise have found a new focus — China’s latest figures report

China’s big banks beat profit estimates as bad loans curbed

(Aug 30): Resilient economic growth and a government campaign against excessive leverage are helping China’s largest banks, curbing their bad loans and underpinning their net interest margins.

Fintech

China’s largest bitcoin exchanges to allow withdrawals again

SEATTLE (June 2): China’s three biggest bitcoin exchanges are ending a self-imposed moratorium on withdrawals, helping the cryptocurrency to resume its record-breaking rally.

China Focus

Pimco says China needs to get tougher in cat-and-mouse debt game

BEIJING (Feb 24): Beijing’s “cautious tightening signals” are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ac

China Environment unit receives letter of demand from Bank of China

SINGAPORE (Oct 19): China Environment announced that wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., has received a letter of demand dated Oct 12 from the Bank of China claiming the repayment of RMB56.1 million ($11.5 million) in ov

Perennial secures $1.3 bil financing for Phases 1 and 2 of Beijing Tongzhou development

SINGAPORE (Oct 3): Perennial Real Estate Holdings (PREHL) has secured loans totalling RMB6.4 billion ($1.3 billion) from the Bank of China for the development of Phases 1 and 2 of Beijing Tongzhou project.

China Focus

Tens of thousands of jobs go as China’s biggest banks cut costs

SHANGHAI (Sept 7): China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking
BOC Aviation

BOC Aviation takes off on Hong Kong Exchange

SINGAPORE (May 31): BOC Aviation, Asia’s biggest aircraft lessor, will make its trading debut on the Hong Kong Stock Exchange (HKEX) on Wednesday. It will carry the stock code 2588 and trade in lots of 100 shares each.
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