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New mortgage type

Business | Banking
2009-3-17

SHENZHEN Development Bank yesterday launched mortgage points nationwide, becoming the first Chinese bank to offer the mortgage type on the mainland. Buying mortgage points can help long-term mortgage owners, with...

Yuan stays steady as narrow trading assists exporters

Business | Macro-economy and policy
2008-11-25

CHINA'S yuan changed little against the dollar on speculation policy makers are keeping the currency trading within a narrow range to aid exporters as recessions take hold in the US, Europe and Japan. Waning...

Bank earnings soar

Business | Banking
2008-10-25

SHENZHEN Development Bank, a major Chinese joint-stock commercial bank, saw profit rise 77 percent in the first nine months compared with the same period last year, according to the bank's quarterly report released...

Shenzhen bank rises on possible net jump

Business | Banking
2008-10-14

SHENZHEN Development Bank Co, controlled by United States buyout firm TPG Inc, yesterday rose after saying profit may have risen as much as 80 percent in the first nine months on improved margins, higher fee income...

Shenzhen bank chooses to issue bonds

Business | Banking
2008-9-27

SHENZHEN Development Bank said yesterday it had terminated a planned private placement to sell 120 million shares to Shanghai Baosteel Group in light of a flagging stock market. The Shenzhen-based bank will issue...

Bank secures trust

Business | Banking
2008-8-28

SHENZHEN Development Bank said yesterday it had secured regulatory approval to gain the trust status for stock investment funds. The service would allow the bank to provide a new intermediate service for its customers,...

Shenzhen bank profit almost doubled

Business | Banking
2008-8-22

SHENZHEN Development Bank said yesterday its first-half profit almost doubled on higher margins and a cut in tax rates. The bank's profit rose to 2.14 billion yuan (US$312 million), or 0.93 yuan a share, from...

Shenzhen bank sees profit boost

Business | Banking
2008-6-24

SHENZHEN Development Bank Co said yesterday it expected its first-half net profit to almost double from a year ago on loan growth, an increase of interest spread and improved asset quality. The Shenzhen-listed...

Teaming up

Business | Banking
2008-6-13

SHENZHEN Development Bank has teamed up with Chinese e-commerce firm Alibaba.com to strengthen cooperation on services to small and medium enterprises. The Shenzhen-listed bank yesterday launched a credit to SME...

Bank customers find gifts are clever fakes

Metro | Crime and public security
2008-1-23

FOUR Shanghai banks have been unwittingly giving fake gifts to costumers who apply for their credit cards. Local industrial and commercial authorities have seized quantities of fake LOCK & LOCK plastic cups which...