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25.06.26 - 07:06
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Major Chinese banks suspend individual trading on Shanghai Gold Exchange amid volatility (SCMP)
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Chinese banks are accelerating efforts to scale back retail trading of precious metals, with the price of gold below US$4,000 an ounce for the first time since November, highlighting growing volatility in a market that has lost nearly 30 per cent of its value since peaking earlier this year.
Industrial and Commercial Bank of China (ICBC) said on Wednesday it would stop offering individual trading in precious metals linked to the Shanghai Gold Exchange from July 24.
The move follows similar......
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18.06.26 - 12:06
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China: Notleidende Konsumkredite in der Höhe von 300 Milliarden Dollar bedrohen die Wirtschaft (Cash)
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Asien - Dutzende Millionen Chinesen haben Schwierigkeiten, ihre privaten Schulden zu bedienen. Dies verschärft eine weitgehend unbemerkte Krise... --- Schätzungen zufolge könnten Ende 2025 bis zu 10,6 Prozent der 1,1 Milliarden Erwachsenen in China mit ihren Schulden im Rückstand sein.. --- Chinas Boom kurzfristiger Kredite wurde massgeblich von Kreditplattformen der Tech-Giganten Ant Group und ByteDance angetrieben. Diese fungieren als Vermittler zwischen Banken und Kreditnehmern.. --- Offizielle Daten weisen die Quote notleidender Kredite der Branche im März zwar mit lediglich 1,5 Prozent aus, doch Analysten gehen mehrheitlich davon aus, dass diese Zahl das tatsächliche Ausmass der überfälligen Kredite deutlich unterschätzt..
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18.06.26 - 05:15
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CFETS: 6 Domestic Banks Complete 125 CNH FX Deals Involving RMB7.2B+ (AAStocks)
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The China Foreign Exchange Trade System (CFETS) announced that the Governor of the People's Bank of China (PBOC), Pan Gongsheng, stated yesterday morning (17th) at the Lujiazui Forum that six banks - ICBC (01398.HK), ABC (01288.HK), BANK OF CHINA (03988.HK), CCB (00939.HK), BANKCOMM (03328.HK) and CITIC BANK (00998.HK) - wer......
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05.05.26 - 07:00
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Research: BofAS: CN Banks' H-shrs 1Q Results Beat; ICBC, CCB Favored (AAStocks)
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The average net profit of Chinese banks listed in Hong Kong in 1Q26 improved to 1.1% YoY from 0.7% in 2025, BofA Securities said in a research report. During the period, PPOP accelerated markedly to an average YoY growth of 9.2%, compared with 1.5% in 2025. Among them, net profit growth of BANK OF CHINA (03988.HK) and ABC (01288......
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04.05.26 - 22:51
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Ares Capital Corporation Prices Public Offering of $800 Million 5.550% Unsecured Notes Due 2030 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $800 million in aggregate principal amount of 5.550% notes due 2030. The notes will mature on January 15, 2030 and may be redeemed in whole or in part at Ares Capital's option at any time at par plus a “make-whole” premium, if applicable.
BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., Truist Securities, Inc., Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and TD Securities (USA) LLC are acting as joint book-running managers for this offering. HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Regions Securities LLC, SG Americas Securities, LLC, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, ICBC Standard Bank...
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04.05.26 - 11:30
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Research: BofAS Raises ICBC TP to HKD7.6, Solid 1Q Growth (AAStocks)
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BofAS said in a research report that ICBC (01398.HK) delivered solid growth in the first quarter. Net profit before additional tier-1 (AT1) bond distributions amounted to RMB86.9 billion, up 3.3% YoY. Core earnings increased 9.2% YoY, accounting for 29% of BofAS' full-year fiscal 2026 forecast. The core tier-1 capital adequacy r......
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01.05.26 - 07:30
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Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors (SCMP)
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Gold bars, cruises, Dior beauty services and Rosewood Hong Kong vouchers are just some of the incentives Hong Kong's major lenders are offering in hopes of capturing wealthy clients, as visitors from mainland China descend on the city during the golden week holiday starting on Friday.
HSBC, Standard Chartered and Bank of China (Hong Kong) – the city's three biggest banks – Citigroup, DBS Hong Kong, ICBC Asia, Bank of East Asia and Hang Seng Bank have all extended the hours of certain branches on......
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30.04.26 - 09:00
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China′s Big Four banks post stronger earnings as policy lending lifts growth (SCMP)
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China's largest state-owned banks delivered stronger-than-expected first-quarter earnings, with rising interest income and steady asset quality pointing to improving credit demand as Beijing ramps up support for key sectors of the economy.
The Big Four lenders – Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) – all reported growth in both revenue and net profit, marking a turnaround from the margin pressure......
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30.04.26 - 06:00
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Hindsight: Brokers' Latest TP and Views on ICBC After Results (AAStocks)
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After ICBC (01398.HK) released its results for 1Q26, its shares opened 1.2% lower this morning (30th). The stock once fell to a trough of HKD7.01, at one point sliding 2.9%, and is now quoted at HKD7.07, down 2.1%, with turnover of HKD1.9172 billion. Citi said ICBC's pre-provision operating profit (PPOP) in 1Q26 rose 9.2% YoY (v......
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