www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Overseas businesses boost Chinese banks

(Xinhua) Updated: 2015-09-05 16:56

Overseas businesses boost Chinese banks

A branch of Industrial and Commercial Bank of China. [Photo/Xinhua]

BEIJING -- Interim reports of 16 A-shares listed Chinese banks posted slight profit growth, thanks to their overseas business offsetting the impact of the slowing domestic economy.

The net profits of China's largest State-owned banks expanded less than 1 percent in the first half (H1) this year, except for Bank of China (BOC), which saw 1.69 percent expansion.

Overseas commercial businesses of China Communication Bank (CCB) netted the bank 2.12 billion yuan ($332.92 million) in the January-June period, up 35.61 percent year on year.

The Agricultural Bank of China's (ABC) overseas branches reported net profits of 1.81 billion yuan, up 22.8 percent from a year ago.

The H1 pre-tax profits of BOC hit $4.65 billion and Industrial and Commercial Bank of China (ICBC) gained 13 percent to 1.71 billion yuan.

Yi Huiman, ICBC president, said the bank was increasing business abroad foreign to improve its global competitiveness.

The foreign capital market posed new challenges to the banks' overseas strategies, especially the fluctuating exchange rate, which affected the liquidity of yuan.

"Offshore?renminbi liquidity will be improved as the currency goes global, and cross-border renminbi businesses remains heavyweight in the overseas sectors of Chinese-funded banks," said Mao Yumin, president of CCB (Asia), a CCB subsidiary.

BOC vice president Zhang Jinliang said banks should grasp the opportunity afforded by the recent changes to the?yuan exchange rate, and establish offshore renminbi businesses.

According to interim reports, cross-border renminbi settlement by CCB hit 834.15 billion yuan, and BOC reported 2.63 trillion yuan. The total cross-border renminbi businesses of ICBC rose by 16.5 percent to 1.99 trillion yuan.

"Cross-border use of China's yuan is an irresistible trend," suggested Hu Zhanghong, executive president of CCB International, adding that the banking sector needed more overseas innovative businesses and better services for renminbi capital abroad.

Meanwhile, central policies like the Shanghai-Hong Kong Stock Connect will provide facilitate more renminbi business in Hong Kong.

"We take Hong Kong as a 'bridgehead' for our overseas businesses," said Chen Siqing, BOC's president. BOC (Hong Kong) has signed agreements or loan contracts with enterprises in free trade zones in Guangdong, Tianjin and Fujian, to launch direct yuan-denominated loans.

Many domestic enterprises with financing needs have filled for their IPOs in Hong Kong Exchanges as A shares IPOs had been suspended, and the market for yuan-denominated bonds has maintained momentum in Hong Kong since 2014 providing extra opportunities.

China's top securities regulator said on July 10 that it will continue with its approval procedures for IPOs, although it confirmed that there will be no IPOs in the near term.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久一日本道色综合久久 | 久久综合丁香 | 国产成 人 综合 亚洲绿色 | 偷拍小视频99在线 | 亚洲国产免费 | 国产精品成人在线播放 | 日本巨乳中文字幕 | 国产人成久久久精品 | 亚洲欧美视频一区二区 | 伊人婷婷色香五月综合缴激情 | 国产网址在线 | 毛片免费观看的视频 | 精品国产一区二区三区不卡在线 | 美女黄视频免费观看 | 日韩 国产 欧美 | 大尺度福利视频奶水在线 | 久草在线青青草 | 男人免费看片 | 一级特级欧美a毛片免费 | 欧美成人看片一区二区三区尤物 | 中文乱码字幕午夜无线观看 | 看三级网站 | 99久久精品国产片久人 | 国内精品小视频福利网址 | 亚欧在线 | 日韩一中文字幕 | 亚洲视频在线一区 | 黄视频免费在线 | 岛国大片在线播放高清 | 91无套极品外围在线播放 | 怡红院在线观看视频 | 国产成人精品视频免费大全 | 欧美啪啪一级毛片 | 国产成视频 | 无限资源中文免费 | 人与禽的免费一级毛片 | 免费在线观看黄色毛片 | 久久96国产精品久久久 | 国产欧美久久精品 | 天天综合色一区二区三区 | 精品国产中文一级毛片在线看 |