Latest China Construction Bank Corporation (CICHF) Headlines
China Construction Bank Beijing branch deploys NCR Dynamic eLock management solution
Business Wire - Wed Feb 12, 7:00AM CST
NCR Corporation, the global leader in consumer transaction technologies, announced that China Construction Bank (CCB) Beijing branch has recently implemented NCR Dynamic eLock Management solution, an automated teller machine (ATM) electronic key management solution specifically designed for the China market. The Dynamic eLock Management Solution restricts the access to an ATM's safe to only authorized users with an IC (integrated chip) smart key and a one-time password. The software solution will help the bank improve the related risks, efficiency and costs issues brought by traditional manual ATM locks during cash replenishment and while conducting service maintenance.
Asia Banking Profiles - 2013 Provides Coverage for more than 70 Banks in Asia
M2 - Tue Jan 21, 8:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/92rk5v/asia_banking) has announced the addition of the "Asia Banking Profiles" report to their offering. This research builds on a propriety database of Asian bank's technologies, and it draws on an extensive survey that covered more than 70 banks in Asia, multiple personal interviews with decision makers in technology departments, and discrete conversations with retail banking heads, and executives in various departments in Asian banks. The report outlines the consumer-banking environment of each of the nations, and then it evaluates each country's most important banks' business profiles, strengths, strategies, competition, problems, and opportunities. One of the main benefits of this report is that it outlines key bankers' statements and words that were gathered via interviews and secondary research, which could alter your strategy and marketing plans in order to fully penetrate your market of choice. This report will give the reader competitive intelligence in terms of understanding the recent projects of banks and their future plans. It will also allow the reader to fully understand key industry trends, opportunities, and facing Heads of Retail and Heads of Consumer Banking within Asian banks. Companies Mentioned: -Agriculture Bank of China -AmBank -ANZ -Axis Bank -Baiduri Bank -Bangkok Bank -Bank Central Asia -Bank Danamon -Bank Islam Brunei Darassalam -Bank Mandiri -Bank Negara Indonesia -Bank of Ayudhya -Bank of China -Bank of China (Hong Kong) -Bank of East Asia -Bank Rakyat Indonesia -BDO Unibank -BPI -Cathay United Bank -China Construction Bank -China Merchant's Bank -China Minsheng Bank -Chinatrust Commercial Bank -CIMB -CIMB Niaga -Citibank -Citibank -DBS -E. Sun Bank -First Bank -Hana Bank -Hang Seng Bank -HDFC Bank -Hong Leong Bank -HSBC -HSBC -ICBC -ICICI Bank -Kasikornbank -Kookmin Bank -Maybank -Mega International Commercial Bank -Metrobank -NAB -OCBC -Panin Bank -Public Bank -Punjab National Bank -Rakuten Bank -RCBC -RHB -Shinhan Bank -Shinsei Bank -Siam Commercial Bank -Standard Chartered Bank -Standard Chartered Bank -State Bank of India -Taipei Fubon Bank -Taishin International Bank -UOB -Westpac For more information visit http://www.researchandmarkets.com/research/92...ia_banking About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
VisionChina Media Announces Extension of Revolving Credit Facility with China Construction Bank
PR Newswire - Thu Jan 16, 6:30AM CST
VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that its consolidated variable interest entity, VisionChina Media Group Co., Ltd. ("VisionChina Media Group" or "Borrower"), has been granted an extension of its existing secured revolving credit facility (the "Credit") from China Construction Bank (Shenzhen branch) (the "Bank") until January 9, 2015. The total amount of the renewed credit facility is RMB 130.0 million (approximately US$21.5 million).
China Automatic Teller Machine Industry Report, 2013-2016
M2 - Tue Jan 07, 2:59AM CST
Research and Markets (http://www.researchandmarkets.com/research/9jjjj2/china_automatic) has announced the addition of the "China Automatic Teller Machine Industry Report, 2013-2016" report to their offering. Chinese ATM market - 2013 Key Facts: 1. China becomes the country with the most quantity of ATM, surpassing the United States. 2. the purchase volume of Cash Recycling System (CRS) jumps quickly and a small quantity of Video Teller Machine (VTM) is launched into the market. 3. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications are still major ATM clients. 4. China's ATM CR5 market concentration degree declines. Key Topics Covered 1 Overview of ATM 1.1 Definition and Classification 1.2 Industry Chain 1.3 Operating Mode 2 Global ATM Market 2.1 Market Size 2.2 Competition Pattern 2.3 Development Outlook 3 Chinese ATM Market 3.1 Status Quo 3.2 Market Size 3.3 Competition Pattern 3.4 Import and Export 3.5 Key Market Segments 3.6 Development Prospect 4 Bank Card Business in China 4.1 Number of Issued Bank Cards 4.2 Bank Card Transactions 4.3 Financial IC Cards 5 Major ATM Clients in China 6 Major Global ATM Manufacturers 7 Major Chinese ATM Manufacturers 8 Summary and Forecast 8.1 Global and Chinese ATM Market Size 8.2 Chinese ATM Market Segments 8.3 Operation of Enterprises Companies Mentioned - Agricultural Bank of China - Bank of China - Bank of Communications - Cashway - China Construction Bank - DCITS - Diebod - Eastcom - GRG Banking - GreatWall Information - Hitachi - Industrial and Commercial Bank of China - KingTeller - NCR - OKI - Shenzhen Yihua Computer - Wincor Nixdorf For more information visit http://www.researchandmarkets.com/research/9j..._automatic About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
Ultra HNWIs in China to 2013
M2 - Mon Dec 16, 3:51AM CST
Research and Markets (http://www.researchandmarkets.com/research/jhp4nn/ultra_hnwis_in) has announced the addition of the "Ultra HNWIs in China to 2013" report to their offering. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in China. It focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's UHNWIs have performed through the crisis. This report reviews the performance and asset allocations of Ultra HNWIs in China, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry. Scope - UHNWI volume, wealth and allocation trends from 2008 to 2012 - UHNWI volume, wealth and allocation forecasts to 2017 - UHNWI asset allocations across 13 asset classes - Number of UHNWIs in each state and all major cities - Fastest growing cities and states for UHNWIs (2008-2012) - Number of wealth managers in each city - City wise ratings of wealth management saturation and potential - Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in China - Size of China wealth management industry - Largest domestic private banks by AuM - Detailed wealth management and family office information - Insights into the drivers of HNWI wealth Key Highlights - There were 9,087 UHNWIs in China, with an average wealth of US$1.3 billion per person, making them the prime target group for wealth sector professionals. Of this total, there were 195 billionaires, 3,121 centimillionaires and 5,771 affluent millionaires. - UHNWIs accounted for 0.62% of the total Chinese HNWI population, which is below the global average of 0.7%. During the review period, the number of UHNWIs in China increased by 106.8% from 4,394 individuals in 2008 to 9,087 in 2012. - There was a range of performance between the different UHNWI wealth bands: The number of centimillionaires and affluent millionaires increased by 113.1% and 99.7% respectively. - It is expected that the number of UHNWIs to increase by 34% to reach 13,959 individuals in 2017. This will include 280 billionaires, 4,803 centimillionaires and 8,876 affluent millionaires. Companies Mentioned - AMC Group Asset management China - Agricultural Bank of China - Bank of China - Bank of Communications - Bank of Dalian - Bank of Jiangsu - China Citic Bank - China Construction Bank - China Everbright Bank - China Merchants Bank - China Minsheng Banking Corp - Industrial & Commercial Bank of China - Serficom Investment consulting - Standard Chartered Private Bank - The Bank of East Asia (China) For more information visit http://www.researchandmarkets.com/research/jh...a_hnwis_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
Kingold Jewelry Inc begins online product sales at http://mall.ccb.com
M2 - Wed Nov 27, 10:04AM CST
Gold jewelry company Kingold Jewelry Inc (NasdaqCM:KGJI) reported on Tuesday the start of sale of its 24-karat gold products online through China Construction Bank, a commercial bank in China.
Kingold Jewelry Announces Commencement Of Online Product Sales Through China Construction Bank
PR Newswire - Tue Nov 26, 7:00AM CST
Kingold Jewelry, Inc. (NASDAQ: KGJI) ("Kingold" or the "Company"), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company has begun selling its 24-karat gold products online through China Construction Bank's ("CCB") internet shopping portal, http://mall.ccb.com. CCB's site is linked to a number of China's major manufacturers, wholesalers and retailers and is targeting both the B2B and B2C end markets. CCB's online shopping channel has integrated resources for banking, financing, sales, and logistics. The Company believes this is an important step in targeting e-commerce business in China.
China 2013 Wealth Book
M2 - Tue Nov 12, 5:23AM CST
Research and Markets (http://www.researchandmarkets.com/research/29hnns/china_2013_wealth) has announced the addition of the "China 2013 Wealth Book" report to their offering. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in China. The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables a determination of how well the country's HNWIs have performed through the crisis. Scope - Independent market sizing of China HNWIs across five wealth bands - HNWI volume, wealth and allocation trends from 2008 to 2012 - HNWI volume, wealth and allocation forecasts to 2017 - HNWI and UHNWI asset allocations across 13 asset classes - Geographical breakdown of all foreign assets - Alternative breakdown of liquid vs. investable assets - Number of UHNWIs in major cities - Number of wealth managers in each city - City wise ratings of wealth management saturation and potential - Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in China. - Size of China's wealth management industry - Largest domestic private banks by AuM - Detailed wealth management and family office information - Insights into the drivers of HNWI wealth. Key Highlights - There were just over 1.4 million HNWIs in China in 2012, holding US$5.2 trillion in wealth, equivalent to 27% of country's total individual wealth. - The number of HNWIs in China increased by around 89.9% during the review period from 779,896 HNWIs in 2008 to 1,481,363 HNWIs in 2012. Local HNWI wealth also increased by 171%, from US$2.5 trillion in 2008 to US$5.2 trillion in 2012. - Equities recorded the strongest growth over the review period. Driven by a strong local residential market, real estate also grew strongly. - There were 9,087 UHNWIs in China, with an average wealth of US$1.3 billion per person, making them the prime target group for wealth sector professionals. Of this total, there were 195 billionaires, 3,121 centimillionaires and 5,771 affluent millionaires. - In 2012, Chinese HNWIs held 12.6% (US$658 billion) of their wealth outside their home country, which is slightly lower than the global average of 20-30%. Companies Mentioned - AMC Group Asset management China - Agricultural Bank of China - Bank of China - Bank of Communications - Bank of Dalian - Bank of Jiangsu - China Citic Bank - China Construction Bank - China Everbright Bank - China Merchants Bank - China Minsheng Banking Corp - Industrial & Commercial Bank of China - Serficom Investment consulting - Standard Chartered Private Bank - The Bank of East Asia (China) For more information visit http://www.researchandmarkets.com/research/29...013_wealth About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Kingold Jewelry Announces Credit Line Increase of up to RMB400 Million (Approximately US$65.4 Million) Under Gold Leasing Agreement With China Construction Bank
PR Newswire - Thu Oct 24, 8:00AM CDT
Kingold Jewelry, Inc. (NASDAQ: KGJI), ("Kingold" or the "Company"), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company has received an increase in the credit line established under the Gold Leasing Agreement ("Agreement") with China Construction Bank's ("CCB") Wuhan Jiang'An branch, which was signed in January 2013. CCB proposed the increase of the credit line based on Kingold's strong performance and appropriate handling of gold.
ChinaCache to Participate in CCBI Corporate Day
GlobeNewswire - Fri Oct 18, 6:00AM CDT
ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it will participate in the China Construction Bank International ("CCBI") Corporate Day to be held on Thursday, October 24, 2013 at the JW Marriott Hotel in Shenzhen, China.
ChinaEdu Corporation Files 6K Regarding Variable Interest Entity, Beijing Hongcheng Education Technology Limited
PR Newswire - Thu Oct 17, 8:06AM CDT
ChinaEdu Corporation (NASDAQ: CEDU) ("ChinaEdu" or the "Company"), a leading online educational services provider in China, today announced that on October 14th the Company conducted a search at the Beijing Administration of Industry and Commerce concerning Beijing Hongcheng Education Technology Limited, which is a variable interest entity ("VIE") of ChinaEdu, as part of the Company's regular review of its corporate structure. The search revealed that a 28% equity share of the VIE (the "Share") held by Xueshan Yang, who is a nominee shareholder of the Company, was frozen by Beijing's First Intermediate People's Court (the "Court") under a Notice to Assist in Enforcement (the "Notice"). It was held in the Notice that civil judgments regarding two loan contract disputes between the Beijing Xisi Branch of China Construction Bank Corporation and Xueshan Yang have taken effect, and pursuant to relevant regulations of Civil Procedural Law of the People's Republic of China, the Share held by Xueshan Yang was frozen and can not be pledged, sold, transferred, deregistered or changed in any manner between April 25, 2013 and April 24, 2015. The Company contacted the Court and such fact was confirmed by the Court's judge who filed the notice with the Beijing Administration of Industry and Commerce.
Bank of America Reports Third-Quarter 2013 Net Income of $2.5 Billion, or $0.20 per Diluted Share, on Revenue of $21.7 Billion(A)
Business Wire - Wed Oct 16, 6:00AM CDT
--Pretax Gain of $0.8 Billion on Sale of Remaining China Construction Bank Shares Partially Offset by $0.4 Billion in Negative Valuation Adjustments, Resulting in $0.02 Benefit to EPS
Research and Development Prospect of China's ATM (Automatic Teller Machine) Industry, 2013-2017
PRWeb - Wed Oct 09, 8:22AM CDT
At present, China is the world's second largest ATM market; however, according to China's official total population number of 1.354 billion in China in 2012, the ATM ownership was only 307 sets per million people; this number was higher than 265 sets per million people in 2011, and the level is close to the global level of 346 sets per million people; but there was still a relatively large gap compared with 786 sets per million people in Western European countries and 1,376 sets per million people in the United States.
NOVATEK, CNPC And Chinese Banks Conclude Memorandum On Project Financing For Yamal LNG
PR Newswire - Tue Sep 10, 9:17AM CDT
Today, OAO NOVATEK, China National Petroleum Corporation and a consortium of Chinese financial institutions concluded a memorandum on project financing for the Yamal LNG project.
Bank of America to Sell Remaining Stake in China Construction Bank
Business Wire - Tue Sep 03, 3:02PM CDT
Bank of America Corporation today announced that it agreed to sell its remaining equity investment in China Construction Bank Corporation (CCB), representing approximately 2 billion shares, or 1 percent of all CCB shares outstanding. The strategic assistance agreement (SAA) between Bank of America and CCB, which was recently extended to 2016, will continue.
Shenzhen Bank Adopts Chinese Version of Yunus Microcredit Model to Assist Local Social Organizations
PR Newswire - Tue Aug 20, 9:00AM CDT
A press conference for "EasyLoan," a new and innovative credit instrument that will make it easier for social organizations to be better contributors to public welfare, was co-hosted by the Shenzhen branch of China Construction Bank and the Shenzhen Innovation Corporate Social Responsibility Development Center (CSRDC) in the conference hall of the Shenzhen branch on 14 August, 2013.
Research Report on China's Asset Securitization, 2013-2017
M2 - Tue Jul 09, 10:38AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vksssb/research_report) has announced the addition of the "Research Report on China's Asset Securitization, 2013-2017" report to their offering. Asset securitization is a financial innovation aimed to improve liquidity and raise funds. It is a technology and process of structuring illiquid assets that can produce predictable and stable cash flows, reallocating risks and benefits, providing corresponding credit guarantees, and ultimately issuing securities to raise funds with the illiquid assets as underlying assets. In a narrow sense, asset securitization generally refers to securitization of credit assets, including mortgage-backed asset securitization (MBS) and asset-backed securitization (ABS). The asset securitization discussed in this CRI report mainly means securitization of credit assets. China credit assets securitization pilot began in 2005. Regulatory agencies first issued Administration of Pilot Projects for Credit Assets Securiti
China Banking Industry 1H13
M2 - Mon Jul 08, 4:38AM CDT
Description
China Construction Bank Beijing branch deploys NCR Dynamic eLock management solution
Business Wire - Wed Feb 12, 7:00AM CST
NCR Corporation, the global leader in consumer transaction technologies, announced that China Construction Bank (CCB) Beijing branch has recently implemented NCR Dynamic eLock Management solution, an automated teller machine (ATM) electronic key management solution specifically designed for the China market. The Dynamic eLock Management Solution restricts the access to an ATM's safe to only authorized users with an IC (integrated chip) smart key and a one-time password. The software solution will help the bank improve the related risks, efficiency and costs issues brought by traditional manual ATM locks during cash replenishment and while conducting service maintenance.
Asia Banking Profiles - 2013 Provides Coverage for more than 70 Banks in Asia
M2 - Tue Jan 21, 8:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/92rk5v/asia_banking) has announced the addition of the "Asia Banking Profiles" report to their offering. This research builds on a propriety database of Asian bank's technologies, and it draws on an extensive survey that covered more than 70 banks in Asia, multiple personal interviews with decision makers in technology departments, and discrete conversations with retail banking heads, and executives in various departments in Asian banks. The report outlines the consumer-banking environment of each of the nations, and then it evaluates each country's most important banks' business profiles, strengths, strategies, competition, problems, and opportunities. One of the main benefits of this report is that it outlines key bankers' statements and words that were gathered via interviews and secondary research, which could alter your strategy and marketing plans in order to fully penetrate your market of choice. This report will give the reader competitive intelligence in terms of understanding the recent projects of banks and their future plans. It will also allow the reader to fully understand key industry trends, opportunities, and facing Heads of Retail and Heads of Consumer Banking within Asian banks. Companies Mentioned: -Agriculture Bank of China -AmBank -ANZ -Axis Bank -Baiduri Bank -Bangkok Bank -Bank Central Asia -Bank Danamon -Bank Islam Brunei Darassalam -Bank Mandiri -Bank Negara Indonesia -Bank of Ayudhya -Bank of China -Bank of China (Hong Kong) -Bank of East Asia -Bank Rakyat Indonesia -BDO Unibank -BPI -Cathay United Bank -China Construction Bank -China Merchant's Bank -China Minsheng Bank -Chinatrust Commercial Bank -CIMB -CIMB Niaga -Citibank -Citibank -DBS -E. Sun Bank -First Bank -Hana Bank -Hang Seng Bank -HDFC Bank -Hong Leong Bank -HSBC -HSBC -ICBC -ICICI Bank -Kasikornbank -Kookmin Bank -Maybank -Mega International Commercial Bank -Metrobank -NAB -OCBC -Panin Bank -Public Bank -Punjab National Bank -Rakuten Bank -RCBC -RHB -Shinhan Bank -Shinsei Bank -Siam Commercial Bank -Standard Chartered Bank -Standard Chartered Bank -State Bank of India -Taipei Fubon Bank -Taishin International Bank -UOB -Westpac For more information visit http://www.researchandmarkets.com/research/92...ia_banking About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
VisionChina Media Announces Extension of Revolving Credit Facility with China Construction Bank
PR Newswire - Thu Jan 16, 6:30AM CST
VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that its consolidated variable interest entity, VisionChina Media Group Co., Ltd. ("VisionChina Media Group" or "Borrower"), has been granted an extension of its existing secured revolving credit facility (the "Credit") from China Construction Bank (Shenzhen branch) (the "Bank") until January 9, 2015. The total amount of the renewed credit facility is RMB 130.0 million (approximately US$21.5 million).
China Automatic Teller Machine Industry Report, 2013-2016
M2 - Tue Jan 07, 2:59AM CST
Research and Markets (http://www.researchandmarkets.com/research/9jjjj2/china_automatic) has announced the addition of the "China Automatic Teller Machine Industry Report, 2013-2016" report to their offering. Chinese ATM market - 2013 Key Facts: 1. China becomes the country with the most quantity of ATM, surpassing the United States. 2. the purchase volume of Cash Recycling System (CRS) jumps quickly and a small quantity of Video Teller Machine (VTM) is launched into the market. 3. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications are still major ATM clients. 4. China's ATM CR5 market concentration degree declines. Key Topics Covered 1 Overview of ATM 1.1 Definition and Classification 1.2 Industry Chain 1.3 Operating Mode 2 Global ATM Market 2.1 Market Size 2.2 Competition Pattern 2.3 Development Outlook 3 Chinese ATM Market 3.1 Status Quo 3.2 Market Size 3.3 Competition Pattern 3.4 Import and Export 3.5 Key Market Segments 3.6 Development Prospect 4 Bank Card Business in China 4.1 Number of Issued Bank Cards 4.2 Bank Card Transactions 4.3 Financial IC Cards 5 Major ATM Clients in China 6 Major Global ATM Manufacturers 7 Major Chinese ATM Manufacturers 8 Summary and Forecast 8.1 Global and Chinese ATM Market Size 8.2 Chinese ATM Market Segments 8.3 Operation of Enterprises Companies Mentioned - Agricultural Bank of China - Bank of China - Bank of Communications - Cashway - China Construction Bank - DCITS - Diebod - Eastcom - GRG Banking - GreatWall Information - Hitachi - Industrial and Commercial Bank of China - KingTeller - NCR - OKI - Shenzhen Yihua Computer - Wincor Nixdorf For more information visit http://www.researchandmarkets.com/research/9j..._automatic About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
Ultra HNWIs in China to 2013
M2 - Mon Dec 16, 3:51AM CST
Research and Markets (http://www.researchandmarkets.com/research/jhp4nn/ultra_hnwis_in) has announced the addition of the "Ultra HNWIs in China to 2013" report to their offering. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in China. It focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's UHNWIs have performed through the crisis. This report reviews the performance and asset allocations of Ultra HNWIs in China, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry. Scope - UHNWI volume, wealth and allocation trends from 2008 to 2012 - UHNWI volume, wealth and allocation forecasts to 2017 - UHNWI asset allocations across 13 asset classes - Number of UHNWIs in each state and all major cities - Fastest growing cities and states for UHNWIs (2008-2012) - Number of wealth managers in each city - City wise ratings of wealth management saturation and potential - Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in China - Size of China wealth management industry - Largest domestic private banks by AuM - Detailed wealth management and family office information - Insights into the drivers of HNWI wealth Key Highlights - There were 9,087 UHNWIs in China, with an average wealth of US$1.3 billion per person, making them the prime target group for wealth sector professionals. Of this total, there were 195 billionaires, 3,121 centimillionaires and 5,771 affluent millionaires. - UHNWIs accounted for 0.62% of the total Chinese HNWI population, which is below the global average of 0.7%. During the review period, the number of UHNWIs in China increased by 106.8% from 4,394 individuals in 2008 to 9,087 in 2012. - There was a range of performance between the different UHNWI wealth bands: The number of centimillionaires and affluent millionaires increased by 113.1% and 99.7% respectively. - It is expected that the number of UHNWIs to increase by 34% to reach 13,959 individuals in 2017. This will include 280 billionaires, 4,803 centimillionaires and 8,876 affluent millionaires. Companies Mentioned - AMC Group Asset management China - Agricultural Bank of China - Bank of China - Bank of Communications - Bank of Dalian - Bank of Jiangsu - China Citic Bank - China Construction Bank - China Everbright Bank - China Merchants Bank - China Minsheng Banking Corp - Industrial & Commercial Bank of China - Serficom Investment consulting - Standard Chartered Private Bank - The Bank of East Asia (China) For more information visit http://www.researchandmarkets.com/research/jh...a_hnwis_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
Kingold Jewelry Inc begins online product sales at http://mall.ccb.com
M2 - Wed Nov 27, 10:04AM CST
Gold jewelry company Kingold Jewelry Inc (NasdaqCM:KGJI) reported on Tuesday the start of sale of its 24-karat gold products online through China Construction Bank, a commercial bank in China.
Kingold Jewelry Announces Commencement Of Online Product Sales Through China Construction Bank
PR Newswire - Tue Nov 26, 7:00AM CST
Kingold Jewelry, Inc. (NASDAQ: KGJI) ("Kingold" or the "Company"), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company has begun selling its 24-karat gold products online through China Construction Bank's ("CCB") internet shopping portal, http://mall.ccb.com. CCB's site is linked to a number of China's major manufacturers, wholesalers and retailers and is targeting both the B2B and B2C end markets. CCB's online shopping channel has integrated resources for banking, financing, sales, and logistics. The Company believes this is an important step in targeting e-commerce business in China.
China 2013 Wealth Book
M2 - Tue Nov 12, 5:23AM CST
Research and Markets (http://www.researchandmarkets.com/research/29hnns/china_2013_wealth) has announced the addition of the "China 2013 Wealth Book" report to their offering. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in China. The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables a determination of how well the country's HNWIs have performed through the crisis. Scope - Independent market sizing of China HNWIs across five wealth bands - HNWI volume, wealth and allocation trends from 2008 to 2012 - HNWI volume, wealth and allocation forecasts to 2017 - HNWI and UHNWI asset allocations across 13 asset classes - Geographical breakdown of all foreign assets - Alternative breakdown of liquid vs. investable assets - Number of UHNWIs in major cities - Number of wealth managers in each city - City wise ratings of wealth management saturation and potential - Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in China. - Size of China's wealth management industry - Largest domestic private banks by AuM - Detailed wealth management and family office information - Insights into the drivers of HNWI wealth. Key Highlights - There were just over 1.4 million HNWIs in China in 2012, holding US$5.2 trillion in wealth, equivalent to 27% of country's total individual wealth. - The number of HNWIs in China increased by around 89.9% during the review period from 779,896 HNWIs in 2008 to 1,481,363 HNWIs in 2012. Local HNWI wealth also increased by 171%, from US$2.5 trillion in 2008 to US$5.2 trillion in 2012. - Equities recorded the strongest growth over the review period. Driven by a strong local residential market, real estate also grew strongly. - There were 9,087 UHNWIs in China, with an average wealth of US$1.3 billion per person, making them the prime target group for wealth sector professionals. Of this total, there were 195 billionaires, 3,121 centimillionaires and 5,771 affluent millionaires. - In 2012, Chinese HNWIs held 12.6% (US$658 billion) of their wealth outside their home country, which is slightly lower than the global average of 20-30%. Companies Mentioned - AMC Group Asset management China - Agricultural Bank of China - Bank of China - Bank of Communications - Bank of Dalian - Bank of Jiangsu - China Citic Bank - China Construction Bank - China Everbright Bank - China Merchants Bank - China Minsheng Banking Corp - Industrial & Commercial Bank of China - Serficom Investment consulting - Standard Chartered Private Bank - The Bank of East Asia (China) For more information visit http://www.researchandmarkets.com/research/29...013_wealth About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Kingold Jewelry Announces Credit Line Increase of up to RMB400 Million (Approximately US$65.4 Million) Under Gold Leasing Agreement With China Construction Bank
PR Newswire - Thu Oct 24, 8:00AM CDT
Kingold Jewelry, Inc. (NASDAQ: KGJI), ("Kingold" or the "Company"), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company has received an increase in the credit line established under the Gold Leasing Agreement ("Agreement") with China Construction Bank's ("CCB") Wuhan Jiang'An branch, which was signed in January 2013. CCB proposed the increase of the credit line based on Kingold's strong performance and appropriate handling of gold.
ChinaCache to Participate in CCBI Corporate Day
GlobeNewswire - Fri Oct 18, 6:00AM CDT
ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it will participate in the China Construction Bank International ("CCBI") Corporate Day to be held on Thursday, October 24, 2013 at the JW Marriott Hotel in Shenzhen, China.
ChinaEdu Corporation Files 6K Regarding Variable Interest Entity, Beijing Hongcheng Education Technology Limited
PR Newswire - Thu Oct 17, 8:06AM CDT
ChinaEdu Corporation (NASDAQ: CEDU) ("ChinaEdu" or the "Company"), a leading online educational services provider in China, today announced that on October 14th the Company conducted a search at the Beijing Administration of Industry and Commerce concerning Beijing Hongcheng Education Technology Limited, which is a variable interest entity ("VIE") of ChinaEdu, as part of the Company's regular review of its corporate structure. The search revealed that a 28% equity share of the VIE (the "Share") held by Xueshan Yang, who is a nominee shareholder of the Company, was frozen by Beijing's First Intermediate People's Court (the "Court") under a Notice to Assist in Enforcement (the "Notice"). It was held in the Notice that civil judgments regarding two loan contract disputes between the Beijing Xisi Branch of China Construction Bank Corporation and Xueshan Yang have taken effect, and pursuant to relevant regulations of Civil Procedural Law of the People's Republic of China, the Share held by Xueshan Yang was frozen and can not be pledged, sold, transferred, deregistered or changed in any manner between April 25, 2013 and April 24, 2015. The Company contacted the Court and such fact was confirmed by the Court's judge who filed the notice with the Beijing Administration of Industry and Commerce.
Bank of America Reports Third-Quarter 2013 Net Income of $2.5 Billion, or $0.20 per Diluted Share, on Revenue of $21.7 Billion(A)
Business Wire - Wed Oct 16, 6:00AM CDT
--Pretax Gain of $0.8 Billion on Sale of Remaining China Construction Bank Shares Partially Offset by $0.4 Billion in Negative Valuation Adjustments, Resulting in $0.02 Benefit to EPS
Research and Development Prospect of China's ATM (Automatic Teller Machine) Industry, 2013-2017
PRWeb - Wed Oct 09, 8:22AM CDT
At present, China is the world's second largest ATM market; however, according to China's official total population number of 1.354 billion in China in 2012, the ATM ownership was only 307 sets per million people; this number was higher than 265 sets per million people in 2011, and the level is close to the global level of 346 sets per million people; but there was still a relatively large gap compared with 786 sets per million people in Western European countries and 1,376 sets per million people in the United States.
NOVATEK, CNPC And Chinese Banks Conclude Memorandum On Project Financing For Yamal LNG
PR Newswire - Tue Sep 10, 9:17AM CDT
Today, OAO NOVATEK, China National Petroleum Corporation and a consortium of Chinese financial institutions concluded a memorandum on project financing for the Yamal LNG project.
Bank of America to Sell Remaining Stake in China Construction Bank
Business Wire - Tue Sep 03, 3:02PM CDT
Bank of America Corporation today announced that it agreed to sell its remaining equity investment in China Construction Bank Corporation (CCB), representing approximately 2 billion shares, or 1 percent of all CCB shares outstanding. The strategic assistance agreement (SAA) between Bank of America and CCB, which was recently extended to 2016, will continue.
Shenzhen Bank Adopts Chinese Version of Yunus Microcredit Model to Assist Local Social Organizations
PR Newswire - Tue Aug 20, 9:00AM CDT
A press conference for "EasyLoan," a new and innovative credit instrument that will make it easier for social organizations to be better contributors to public welfare, was co-hosted by the Shenzhen branch of China Construction Bank and the Shenzhen Innovation Corporate Social Responsibility Development Center (CSRDC) in the conference hall of the Shenzhen branch on 14 August, 2013.
Research Report on China's Asset Securitization, 2013-2017
M2 - Tue Jul 09, 10:38AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vksssb/research_report) has announced the addition of the "Research Report on China's Asset Securitization, 2013-2017" report to their offering. Asset securitization is a financial innovation aimed to improve liquidity and raise funds. It is a technology and process of structuring illiquid assets that can produce predictable and stable cash flows, reallocating risks and benefits, providing corresponding credit guarantees, and ultimately issuing securities to raise funds with the illiquid assets as underlying assets. In a narrow sense, asset securitization generally refers to securitization of credit assets, including mortgage-backed asset securitization (MBS) and asset-backed securitization (ABS). The asset securitization discussed in this CRI report mainly means securitization of credit assets. China credit assets securitization pilot began in 2005. Regulatory agencies first issued Administration of Pilot Projects for Credit Assets Securiti
China Banking Industry 1H13
M2 - Mon Jul 08, 4:38AM CDT
Description
