CHINA CONSTRUCTION BANK

Asian Stocks Rally On Fed Stimulus Action

Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.

Asian Stocks Mostly Up on Stimulus Hopes

Asian Stocks
Asian stock markets mostly ended higher Monday on hopes that major economies including the U.S and China would soon announce a new round of stimulus measures to spur growth.

Chinese Banks' Bad Loan Nightmare

Bank of China
China's credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale's China macro strategist Wei Yao.
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A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange, Jan. 18, 2012

Goldman Sachs Sells $2.3 Billion Of ICBC Shares To Temasek Holdings

Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
China

China’s Premier: Bank Monopoly Must Be Broken

China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.
Wen Jiabao speaking at the 5th "Honest Politics Work Meeting"

China's Wen says bank monopoly must be broken: state media

China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
People walk behind the logo of Swiss bank UBS in Zurich

China's Cinda Gets $1.6B From UBS, 3 Other Investors

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
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HSBC Shows Cost of Emerging Market Success

HSBC Holdings, Europe's biggest bank, said paying rising wages in Brazil, China and other emerging market is the price of avoiding the slowdown being felt by most of its rivals as it posted the largest 2011 profit by a western bank.
Citi Bank

Citi Sells Stake in India's HDFC for $1.9 Bln

Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.

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