Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.
Tags: China
China continues crackdown on corruption
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Structural adjustments needed for China’s economic growth
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
China's banks takes next step in rate reform push
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
110 China brokerages to undergo government scrutiny after USD3.8 billion buy error
There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.
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China's ZTE Corp flagged its third quarter earnings for the July to September period at the Hong Kong Stock Exchange.
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
China's antitrust regulators placed pressure to thirty foreign firms as they seek confessions for antritrust violations on a closed-door meeting held last July 24 and 25.
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Trina Solar reported increase in sales as high demand for products developed in China and Japan. China's Trina Solar Ltd increased its forecast for panel shipments this year as sales in its own country increased.
Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Private equity firms in China scrutinized on competency for international ventures. China's private equity firms are catching the attention of the financial industry.
Wang Jianlin, China's property mogul and also the wealthiest person in the country, said that he would increase his property holdings by 88% in 2014 and would expand overseas acquisitions.
