Ping An Bank Co Ltd

Type: Company
Name: Ping An Bank Co Ltd
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

ABC Offered 0.5% Discount for Housing Loan Rate

Agricultural Bank of China (ABC) provided a 0.5% discount in interest rate of CNY 2 million mortgage loans to commodity housing and above in Shanghai, which was interpreted by the market to be a single of bailout. However, ABC still implemented the housing ... [Published Individual.com - Jul 31 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

ICBC seeks to raise $12.9b in capital

Industrial and Commercial Bank of China (1398.HKG, 601398.SHA) plans to raise RMB80 billion (US$12.9 billion) through the sale of 450 million preferred shares on the mainland and 350 million preferred shares offshore, Bloomberg reported, citing a Shanghai ... [Published China Economic Review - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Alibaba teams up with banks to extend loans to small firms

The Alipay and Alibaba logos. (Photo/CNS)Chinese tech giant Alibaba Group has partnered with seven banks to launch an online financial product that will provide loans for small and medium-sized enterprises, with a focus on exporters, which market insiders ... [Published Want China Times - Jul 27 2014]
First reported Jul 25 2014 - Updated Jul 26 2014 - 5 reports

China nod for setting up three private banks

SHANGHAI: China has approved the setting up of three private banks, including one by Internet giant Tencent, the industry regulator said yesterday, in a long-awaited economic reform aimed at bringing competition to state banking giants.Previously, China ... [Published Qatar Peninsula - Jul 26 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

ICBC Plans to Raise as Much as $12.9 Billion in Capital

Industrial & Commercial Bank ofChina Ltd. , the nation’s largest lender by market value, isseeking to raise as much as 80 billion yuan ($12.9 billion)selling preferred stock in China and offshore, it said in aShanghai stock exchange statement today.Its ... [Published Bloomberg - Jul 25 2014]
First reported Jul 22 2014 - Updated Jul 23 2014 - 4 reports

Alibaba, lenders team up for SME financing

teamed up with seven banks on Tuesday, jointly offering loans of up to 10 million yuan ($1.6 million) to China's small and medium-sized enterprises as the e-commerce conglomerate looks to further build a credit rating system based on online transaction ... [Published CHINAdaily - Jul 23 2014]
First reported Jul 16 2014 - Updated Jul 17 2014 - 2 reports

PING AN (02318.HK) subscribing for shares in Ping An Bank

2014-07-16 02:26 Email Print New Window Size PING AN (02318.HK) announced to subscribe for up to 535 million new ordinary shares and 120 million preferred shares of Ping An Bank for up to RMB5 billion and RMB12 billion, respectively. Upon completion, ... [Published Aastocks.com - Jul 17 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 2 reports

PAB to Issue CNY30billion Preferred, Ordinary Shares

BEIJING, July 16, SinoCast -- Ping An Bank (PAB, SZSE: 000001) intended to issue not more than 200 million preferred shares to raise not more than CNY 20 billion (including CNY 20 billion) to supplement its tier 1 capital and 1.07 billion ordinary shares ... [Published Wall Street Business Network - Jul 16 2014]
First reported Jul 15 2014 - Updated Jul 16 2014 - 3 reports

Ping An Bank to Raise up to 30 Billion Yuan via Share Sale

BEIJING--Ping An Bank Co. Ltd. ( >> Ping An Bank Co Ltd ) , a midsize lender and a unit of China's second-largest insurer, said it plans to raise as much as 30 billion yuan ($4.8 billion) to replenish its capital base through sales of common shares ... [Published 4 Traders - Jul 16 2014]
First reported Jul 14 2014 - Updated Jul 15 2014 - 3 reports

BRIEF-Ping An Bank to raise up to 10 bln yuan in shares private placement

Reuters  –July 15 (Reuters) - Ping An Bank Co Ltd* Says plans to raise up to 10 billion yuan ($1.61 billion)in private placement of sharesSource text in Chinese: http://bit.ly/1qCDjxyFurther company coverage:($1 = 6.2075 Chinese Yuan)(Reporting by Hong ... [Published Yahoo! Malaysia - Jul 15 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

PING AN BANK : PAB to Set up CNY200bn Internet Financial Credit for SME

BEIJING , July 10 , SinoCast -- Ping An Bank , together with the Internet Financial Work Committee, Internet Society of China , will jointly launch a "1 million SMEs growth assistance program" and set up a Internet financial credit of CNY 200 billion ... [Published 4 Traders - Jul 10 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Ping An Bank launches online platform for small firms

Ping An Bank Co., Ltd. (000001.SZ), a Shenzhen-listed commercial bank, launched a web portal that offers a wide range of services to small- and mid-sized firms on Wednesday. The online platform, orangebank.com.cn, acts as a bridge for connecting private ... [Published Individual.com - Jul 10 2014]

Quotes

"Our English name is 'Webank', 'We' stands for group innovation spirit" Tencent said in a separate statement
"The only thing that the preferred shares will be subordinate to is tier two capital."
"The costs for banks to do due diligence in order to grant loans to SMEs are very high. There are so many SMEs and the amounts they want to borrow aren't much compared with big enterprises. So big data can be used as an important way for banks to control credit risks without making heavy investments" she said

More Content

All (70) | News (60) | Reports (0) | Blogs (6) | Audio/Video (0) | Fact Sheets (3) | Press Releases (1)
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ABC Offered 0.5% Discount for Housing Loan Rate [Published Individual.com - Jul 31 2014]
Tencent Beats Alibaba To Banking License [Published Seeking Alpha - Jul 28 2014]
ICBC seeks to raise $12.9b in capital [Published China Economic Review - Jul 28 2014]
Alibaba teams up with banks to extend loans to ... [Published Want China Times - Jul 27 2014]
China nod for setting up three private banks [Published Qatar Peninsula - Jul 26 2014]
China approves three private banks [Published New Age Bangladesh - Jul 25 2014]
China approves three new private banks: regulator [Published Taipei Times Online - Jul 25 2014]
ICBC Plans to Raise as Much as $12.9 Billion in... [Published Bloomberg - Jul 25 2014]
China approves three private banks [Published Financial Express Bangladesh - Jul 25 2014]
China approves three private banks: regulator [Published Business Recorder - Jul 25 2014]
Hurdles on path to internationalization [Published CHINAdaily - Jul 25 2014]
China's big four banks line up to sell preferen... [Published GlobalCapital - Jul 24 2014]
Mainland markets rise on manufacturing data [Published Global Times - Jul 24 2014]
1st Ld-Writethru: China stocks close up on upbe... [Published Individual.com - Jul 24 2014]
Alibaba, 7 Banks Provided Unsecured Credit Loan... [Published 4 Traders - Jul 23 2014]
Alibaba, lenders team up for SME financing [Published CHINAdaily - Jul 23 2014]
Alibaba teams with banks to provide loans to sm... [Published Shanghai Daily - Jul 22 2014]
Alibaba.com and 7 Big Chinese Banks Offering Lo... [Published Alizila - Jul 22 2014]
Visionary Chinese Banks Show How Customer-Orien... [Published Forrester - Jul 22 2014]
Alibaba teams up with banks to assist cross-bor... [Published CHINAdaily - Jul 22 2014]
Alibaba rolls out online lending service to fir... [Published Individual.com - Jul 22 2014]
Chinese smaller lenders rush for preferred shares [Published Finance Asia - Jul 21 2014]
Alibaba, 7 Banks to Release B2B Online Financia... [Published 4 Traders - Jul 18 2014]
PING AN (02318.HK) subscribing for shares in Pi... [Published Aastocks.com - Jul 17 2014]
Ping An Bank seeks USD 4.8bn [Published BvDEP Zephyr Editorial News - Jul 16 2014]
Asia Pacific Market: Stocks rise as China GDP g... [Published Business Standard India - Jul 16 2014]
PAB to Issue CNY30billion Preferred, Ordinary S... [Published Wall Street Business Network - Jul 16 2014]
Frontrunning: July 16 [Published Zero Hedge - Jul 16 2014]
PING AN BANK : PAB to Issue CNY30billion Prefer... [Published 4 Traders - Jul 16 2014]
Ping An Bank to Raise up to 30 Billion Yuan via... [Published 4 Traders - Jul 16 2014]
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Blogs

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Ping An Bank seeks USD 4.8bn [Published BvDEP Zephyr Editorial News - Jul 16 2014]
Ping An Bank, the lending arm of Ping An Insurance, is going cap in hand to investors for a total of CNY 30.00 billion (USD 4.86 billion) in a bid to bolster its capital amid increasing challenges facing the banking industry. ... ...
Frontrunning: July 16 [Published Zero Hedge - Jul 16 2014]
BRICS set up bank to counter Western hold on global finances ( Reuters ) Fed's Yellen Hedges Her View on Rates ( Hilsenrath ) China GDP Grows 7.5% in Second Quarter ( WSJ ) Get More Acquainted With Your Knees as Boeing Reworks 737 ( BBG ) Israel Warns ...
Ping An Bank Signs Memorandum of Understanding ... [Published EON Business - May 20 2014]
NEW YORK & HONG KONG--(EON: Enhanced Online News)--Ping An Bank (PAB) and Deutsche Bank today signed a Memorandum of Understanding expanding their cash management relationship by utilizing Deutsche Bank’s US Dollar (USD) Clearing for Commercial and Treasury ...
Ping An Bank Signs Memorandum of Understanding ... [Published Business Wire Professional Services News - May 20 2014]
NEW YORK & HONG KONG--(BUSINESS WIRE)--Ping An Bank (PAB) and Deutsche Bank today signed a Memorandum of Understanding expanding their cash management relationship by utilizing Deutsche Bank’s US Dollar (USD) Clearing for Commercial and Treasury Payments ...
Chinese Trust Products Sound Great (Just Don't ... [Published Zero Hedge - Apr 08 2014]
Remember CDOs? Murky, illiquid investments, backed by bulge-bracket firms that offered lots of yield over similar-rated corporates - just don't ask questions. As SCMP's Shirley Yam reports , China's so-called "trust" products, promise high returns ...
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Press Releases

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Ping An Bank signs Memorandum of Understanding ... [Published Deutsche Bank Press Releases - May 20 2014]
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