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Cinda

By STAFF EDITOR

By STAFF EDITOR

By AMY CHEUNG
Like state-owned commercial banks, the four state-owned asset management companies (AMCs) Cinda, Great Wall, Huarong and Orient, are demonstrating their intent to consolidate assets and conduct stock reforms.  However, internal restraints and uncertainty about how to attract strategic investors are causing difficulty in implementing these intentions.

By AMY CHEUNG

In the past month, the banking and finance regulatory commission lifted barriers to enable banks to engage in stock funds and insurance businesses while insurance firms can directly invest in the stock market and acquire stakes in banks. This unveils the key changes in a fully opened finance sector. Financial institutions on the Mainland can have a more diverse mix of operations in securities, banking and insurance.


By AMY CHEUNG
If Industrial and Commercial Bank of China (ICBC)’s IPO signifies the short-term completion of the four Chinese commercial banks’ stock reforms, it also unveils a new pattern for competition among commercial banks in the Mainland. How does this affect the banking sector?

By AMY CHEUNG
The Commonwealth Bank of Australia (CBA) activated its funds management partnership with China Cinda Asset Management Corporation (Cinda) yesterday as it moved to broaden capabilities in that country, The Wall Street Journal reported.

By AMY CHEUNG
Industrial and Commercial Bank of China (ICBC), the nation's largest lender, received approval from China Banking Regulatory Commission for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai, Bloomberg reported.

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