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China wins again! CCB, AgBank chiefs to replace regulators

Posted on October 29, 2011 by zyakaira

As Liu Mingkang and Wu Dingfu of the Banking and insurance regulators cross the age of 65, CCB and AgBank chiefs stepped down this Saturday morning to take up the spots to open in Beijing Gio Shuqing resigned as chairman…

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Posted in Banking, China, Financial Markets, Financial Services, Global

China wins again! ICBC stamps its leadership on the kingdom

Posted on October 28, 2011 by zyakaira

ICBC’s third quarter fee revenues were 33% or Yn 6 bln higher than pretender AgBank with Net Profits a  50% higher at Yn 54 bln. With NPLs a low 0.91% down from 1.08% its less than 20% rise in NII…

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Posted in Bailout Nation, Banking, China, European Sovereign Debt crisis, Financial Services, Global

China wins again! : AgBank, BoC vie for $30 bln profits between themselves

Posted on October 27, 2011 by zyakaira

Even as analysts priced in the expected 12% default rate (NPLs), AgBank and BoC were the first to report results till September after reporting good first 2 quarters. Next in line are CCB and ICBC in this week. Today’s AgBank…

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Posted in Amitonomics, Bailout Nation, Banking, China, Global