皇冠体育app

  .contact us |.about us
News > Business News ...
Search:
    Advertisement
S&P assigns public information ratings to 8 Chinese banks
( 2003-11-26 15:39) (Xinhua)

Standard & Poor's Ratings said Wednesday it had assigned long-term public information (pi) local currency credit ratings to eight Chinese banks, significantly expanding its rating coverage of 皇冠体育app's financial institutions in response to continuing investor interest.

The newly rated banks are: Agricultural Bank of 皇冠体育app (BBpi), 皇冠体育app Everbright Bank Co. Ltd (Bpi), 皇冠体育app Merchants Bank (BBpi), 皇冠体育app Minsheng Banking Corp. Ltd (Bpi), Guangdong Development Bank Co. Ltd (CCCpi), Hua Xia Bank Co. Ltd (Bpi), Shanghai Pudong Development Bank Co. Ltd. (BBpi) and Shenzhen Development Bank. Co. Ltd (Bpi).

Among the eight banks, Agricultural Bank of 皇冠体育app is state-owned. The other banks are joint stock commercial banks, which are permitted to engage in all forms of general banking, including foreign exchange and international transactions, and effectively compete for deposits and loans in the same market segment.

"The joint stock commercial banks have captured a market share equivalent to nearly 14 percent of the total assets in 皇冠体育app's banking sector. Although this level is still below the 59 percent held by the four wholly state-owned commercial banks, it is indicative of the rising importance of the joint stock banks, " said Standard & Poor's credit analyst Ryan Tsang on Wednesday.

Tsang was speaking ahead of a seminar to be held Wednesday in Beijing to launch "皇冠体育app Financial Services Outlook 2004", a publication marking the most recent expansion of Standard & Poor's analytical coverage of the banking and insurance sectors of Asia's most rapidly expanding economy.

The publication includes analytical reports on the eight newly rated banks. In addition, extensive commentary items discuss the most critical issues facing 皇冠体育app's banking industry today.

The contents also feature two ground-breaking commentary articles on 皇冠体育app's burgeoning and rapidly changing insurance sector.

 
Close  
   
  Today's Top News   Top Business News
   
+FM: Taiwan question to head Premier's US visit
( 2003-11-26)
+7 Chinese killed in Moscow blaze
( 2003-11-26)
+Experts look into sequela of SARS
( 2003-11-25)
+US urged to be fair in trade problems
( 2003-11-25)
+'Snakehead' sentenced to death
( 2003-11-26)
+S&P assigns public information ratings to 8 Chinese banks
( 2003-11-26)
+Ping An plans to buy Fujian bank
( 2003-11-26)
+New proposals on non-tradable shares under review
( 2003-11-26)
+Banks see slide in forex savings
( 2003-11-26)
+Cathay to apply for cargo flights to Beijing
( 2003-11-26)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved