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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...

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 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...

Lender cancels plan to sell stake

Business | Banking
2007-10-24

SHENZHEN Development Bank Co said yesterday it has canceled a plan to sell a seven percent stake to General Electric Co. The company, which announced the unanimous decision by its board in a statement to the Shenzhen...

Profits double

Business | Banking
2007-10-15

SHENZHEN Development Bank Co, controlled by buyout firm TPG Inc, said profit may have doubled in the first nine months of the year, driven by growth in loans and deposits and a lower tax rate. The bank said profit...

Shenzhen bank's bond sale to raise CAR

Business | Banking
2007-8-17

SHENZHEN Development Bank Co, controlled by US buyout firm TPG Inc, said it plans to sell debt for the first time, raising up to seven billion yuan (US$922 million) so its capital can meet the government's requirement. ...

Bank plans US$2.1b bond sale

Business | Banking
2007-6-19

SHENZHEN Development Bank Co will sell bonds for the first time, raising as much as 16 billion yuan (US$2.1 billion) and resolving a capital shortage that has hampered its ability to expand. The bank, controlled...

A sweetener for investors

Business | Banking
2007-5-17

SHENZHEN Development Bank Co, controlled by buyout firm TPG, has sweetened an offer to investors to make all its stock tradable and remove a funding hurdle to expansion in the world's fastest-growing major economy. ...

Shenzhen bank's Q1 profit up on margins

Business | Banking
2007-4-26

SHENZHEN Development Bank Co, controlled by buyout firm Newbridge Capital LLC, said first-quarter profit more than doubled as it increased loan margins and boosted revenue with new products. Net income climbed...

Bank profit soars

Business | Banking
2007-3-22

SHENZHEN Development Bank Co, controlled by buyout firm Newbridge Capital LLC, said full-year profit quadrupled as it increased yields and reduced bad debt. Net income climbed to 1.3 billion yuan (US$168 million),...