Agricultural Bank of China Ltd

Type: Company
Name: Agricultural Bank of China Ltd
Nationality: China
Web Address: http://www.abchina.com/
Fact Sheet: Fact Sheet for BOC Hong Kong Ltd
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Agricultural Bank's Chairman Said to Take Party Post in Jilin

(Beijing) – The chairman of Agricultural Bank of China (ABC) has been sent to Jilin to serve as deputy secretary general of the northeastern province's Communist Party committee, a source with knowledge of the matter says.The bank would soon announce ... [Published Caixin Online - 2 hours ago]
First reported 10 hours ago - Updated 2 hours ago - 4 reports

China AgBank Chairman Named Jilin Deputy Party Secretary -- Update

By Grace ZhuBEIJING--Agricultural Bank of China Chairman Jiang Chaoliang was appointed as a deputy Communist Party secretary in northern China's Jilin Province, according to a statement from the provincial government's website.The appointment was announced ... [Published 4 Traders - 2 hours ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

14 Shanghai-listed banks to start financial briefings on Sept. 1-19

All of the 14 commercial banks listed on Shanghai bourse will hold meetings to brief their financial results to investors on trading days during the September 1-19 period, the Shanghai Securities News reported on Monday. The meetings are held at a time ... [Published Individual.com - 3 hours ago]
First reported 10 hours ago - Updated 3 hours ago - 1 reports

Hong Kong Stocks Shrug Off Weak Data

HONG KONG –   Hong Kong stocks moved higher Monday morning after a brief loss in choppy opening trade, shrugging off two separate gauges of China's manufacturing activity which both showed a slight slowing last month. The Hang Seng Index rose 0.5%, with ... [Published FOXBusiness.com - 10 hours ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

ASIA MARKETS : Hong Kong Stocks Flat After Weak China Data

By Laura He, MarketWatchHONG KONG (MarketWatch) -- Hong Kong stocks swung between gains and losses before closing flat on Monday, after two separate gauges of China's manufacturing activity both showed a slight slowing last month.The HSBC China Manufacturing ... [Published 4 Traders - 3 hours ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

ABC (01288): Jiang Chaoliang resigns as chmn, ED

PM (Infocast News) The board of Agricultural Bank of China Limited (01288) announces that due to other work arrangement, Jiang Chaoliang has tendered his resignation as the chairman and an executive director of the board, and the chairman and a member ... [Published CCB International - 3 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

Top Chinese banks launch plans to raise nearly $21bn in bonds 26.08.2014

Five major banks in China are taking part in a two-week bond offering scheme that aims to generate 128 billion yuan ($20.8 billion), as bank regulators started implementing higher capital requirements in accordance with international rules, known as Basel ... [Published Noodls - 5 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

China state banks report surge in soured loans

By Grace ZhuBEIJING -- China's biggest state-owned banks reported a surge in soured and castoff loans in the first half, as China's slowing growth takes a toll on its lenders. The five biggest state-owned banks -- Industrial & Commercial Bank of ... [Published Morningstar.com - 8 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

Surge in bad loans squeezing profit at China's biggest banks

HONG KONG -- For China's banks, bad debt is a small but quickly growing problem. The outstanding balance of bad loans at the nation's four largest banks stood at 384.7 billion yuan ($62.6 billion) as of the end of June, up 13.2% from six months befor ... [Published Nikkei Asian Review - 8 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

Numbers of the Week No. 36, 2014

3.35 tln yuanTotal profit of enterprises above a designated size (annual principal business revenue of 20 million yuan) from January to July, a year-on-year increase of 11.7 percent11.7%Decrease in net profit of China Shenhua Energy Co. Ltd., the country's ... [Published Beijing Review - 9 hours ago]
First reported 16 hours ago - Updated 12 hours ago - 3 reports

China banks seek new lending horizons as bad debts rise

The Agricultural Bank of China , for example, said it had cut loans to customers in steel making and ship building by almost 39 billion yuan ($6.4 billion)."/>By Engen Tham and Lawrence WhiteSHANGHAI/HONG KONG (Reuters) - Grappling with a slowing economy, ... [Published Bayou Buzz - 15 hours ago]
First reported Aug 30 2014 - Updated Aug 30 2014 - 9 reports

Alibaba targets launch week for IPO

Chinese ecommerce company is expected to raise about $20bn when it lists on New York Stock Exchange, rivalling Agricultural Bank of China’s $22.1bn IPO from July 2010 ... [Published FT.com - Companies - Aug 30 2014]

Quotes

"So the primary task for me is to build a competent team," he said. "Without a good team, hardly anything else can be achieved."
There have been repeated reports of banks disposing of properties put up as collateral. "In Jiangsu Province and Zhejiang Province, more and more people are stopping their loan payments, leading to a rise in bad loans" said one person in charge of risk management at the Agricultural Bank of China
"We rate FORD MOTOR CO (F) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, increase in stockstock price during the past year, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
"Some people view Chinese AT1 paper as substitution for high-yield corporate bonds and they would prefer to hold AT1s from Chinese banks over property companies" said a senior Hong Kong-based FIG banker

More Content

All (248) | News (217) | Reports (0) | Blogs (23) | Audio/Video (2) | Fact Sheets (5) | Press Releases (0)
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CHINA DEVELOPMENT BANK INVESTMENT LI : Resignat... [Published 4 Traders - 1 hour ago]
Agricultural Bank's Chairman Said to Take Party... [Published Caixin Online - 2 hours ago]
China AgBank Chairman Named Jilin Deputy Party ... [Published 4 Traders - 2 hours ago]
14 Shanghai-listed banks to start financial bri... [Published Individual.com - 3 hours ago]
ASIA MARKETS : Hong Kong Stocks Flat After Weak... [Published 4 Traders - 3 hours ago]
ABC (01288): Jiang Chaoliang resigns as chmn, ED [Published CCB International - 3 hours ago]
Top Chinese banks launch plans to raise nearly ... [Published Noodls - 5 hours ago]
Hengli Group to issue RMB 1 bln 1-yr bills [Published China Knowledge Online - 7 hours ago]
China state banks report surge in soured loans [Published Morningstar.com - 8 hours ago]
Surge in bad loans squeezing profit at China's ... [Published Nikkei Asian Review - 8 hours ago]
Numbers of the Week No. 36, 2014 [Published Beijing Review - 9 hours ago]
China's AgBank chairman to assume provincial pa... [Published Yahoo! Malaysia - 10 hours ago]
China's AgBank chairman to assume provincial pa... [Published Reuters - 10 hours ago]
Hong Kong Stocks Shrug Off Weak Data [Published FOXBusiness.com - 10 hours ago]
AgBank Chairman Named as Deputy Party Secretary... [Published 4 Traders - 10 hours ago]
Top stories of the day-China Stock Market-Sept. 1 [Published Individual.com - 11 hours ago]
Seven Group takes stake in Woodside: report (Th... [Published West Australian - 11 hours ago]
China banks seek new lending horizons as bad de... [Published Bayou Buzz - 15 hours ago]
China Banks Seek New Lending Horizons As Bad De... [Published Clusterstock - 15 hours ago]
China banks seek new lending horizons as bad de... [Published Sharenet - 16 hours ago]
In rare move, Jilin names Party secretary from ... [Published Global Times - 20 hours ago]
16 listed banks see rising bad loans reach $90b... [Published Global Times - 21 hours ago]
The IPO Story for the Next Two Weeks Is Alibaba [Published 24/7 Wall St - Aug 31 2014]
Alibaba targets launch week for IPO [Published FT.com - Companies - Aug 30 2014]
Alibaba targets launch week for IPO [Published FT.com - Companies Asia-Pacific - Aug 30 2014]
Alibaba targets launch week for IPO [Published FT.com - IT - Aug 30 2014]
Alibaba targets launch week for IPO [Published FT.com - Companies US & Canada - Aug 30 2014]
Alibaba targets launch week for IPO [Published FT.com - Retail & Consumer - Aug 30 2014]
Alibaba targets launch week for IPO [Published Financial Times - Europe homepage - Aug 30 2014]
Alibaba targets launch week for IPO [Published Financial Times - UK Homepage - Aug 30 2014]
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Blogs

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China Banks Seek New Lending Horizons As Bad De... [Published Clusterstock - 15 hours ago]
By Engen Tham and Lawrence White SHANGHAI/HONG KONG (Reuters) - Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and ...
ICBC Reports Record Quarterly Profit on Loan Ma... [Published Bloomberg via Google News - Aug 28 2014]
ICBC Reports Record Quarterly Profit on Loan Margin, Fees Bloomberg That matched the 74.8 billion-yuan median estimate of 13 analysts surveyed by Bloomberg . ICBC increased provisions for soured debt by less than rivals including Bank of China Ltd. ...
More Bad News Out Of Europe Coupled With Hopes ... [Published Zero Hedge - Aug 27 2014]
If the big hope propelling both ES and S&P cash over 2,000 was the Ukraine-Russian talks, leading to some de-escalation and a thawing of Russian-German conditions, then it was clearly a dud. As the WSJ reports, "face-to-face talks between the Russian ...
China’s Banks Pose World’s Largest Systemic Risk [Published WSJ.com: Real Time Economics - Jul 29 2014]
The cost of propping up China’s banks in the event of a financial crisis have nearly quadrupled in the past three years to $526.2 billion, the largest of any banking system, according to the latest analysis by the Volatility Laboratory at New York University’s ...
China Mortgage Discounts to Reappear in Shangha... [Published Mingtiandi - Jul 28 2014]
China’s state-owned banks are wasting little time in implementing the government’s decision to loosen up mortgage credit, as the Agricultural Bank of China announced last week that it would begin offering discounts on home loans starting next month. ...
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Audio/Video

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Asia Day Ahead: Investors await big name earnings [Published Reuters Video: Business - Apr 24 2014]
Asia Day Ahead: China's Xi takes a stroll in Eu... [Published Reuters Video: Business - Mar 24 2014]
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