New book by Larry Connors Click here Improve your trading - See how
China Construction Bank (601939.SH, 0939.HK) reaped net interest incomes of CNY 155.6 billion in the nine months, down 7.49% year on year; China Merchants Bank reaped net interest incomes of CNY 28 billion in the reporting period, down 21.52% than the same period of the previous year; and China Minsheng Banking Corp. (600016.SH) in the third quarter gained net interest incomes of CNY 8.74 billion, a growth of 21.9% from the previous quarter. By the end of this September, the non-performing loan outstanding at the Chinese banking institutions hit CNY 504.5 billion, with the NPL ratio standing at 1.66%. The NPL outstanding of Bank of Ningbo (002142.SZ) was CNY 605 million as of September 30, 2009 and the NPL ratio of Shanghai Pudong Development Bank (600000.SH) stood at 0.93% as at September 30, 2009. As for the NPL provisioning coverage ratio of these listed Chinese commercial bank, it stood at 144.1% by this September, which was 27.7 percentage points more than the beginning of the year. With the NPL provisioning coverage ratio as high as 161.08%, China Construction Bank has taken the lead to meet the regulatory requirement of more than 150% required by China Banking Regulatory Commission. Up to 76% or 1,265 companies listed on the Shanghai and Shenzhen stock exchanges by October 29, 2009 have released their financial results for the third quarter of this year and they achieved quarter-on-quarter growth in both the operating revenues and the net profits in reporting period. In the three months ended September 30, 2009, these listed companies achieved operating revenues of CNY 1.83 trillion, up 6.95% quarter on quarter; and they reaped net profits of CNY 171.8 billion, up 4.3% quarter on quarter. In the first nine month of this year, these companies gained operating revenues of CNY 5.07 trillion and net profits of CNY 460 billion, down 4.1% and 4.26% year on year, respectively. Among these 1,265 publicly-traded companies, 222 ones or 17.55% have reported losses for the third quarter; versus the number of 231 in the second quarter; while 50% or 634 companies have reported performance growths in the period. (USD 1 = CNY 6.82) Source: dycj.ynet.com (November 02, 2009) For full details for CICHF click here.
Email Print Archives Feedback Email Article Link
Close X
Related News [CICHF]
UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday December 3 12:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.
The TradingMarkets Directory
Stocks
Options
Forex
E-mini/Futures
How to Trade
Tools
PowerRatings
Blogs
Premium Subscription Services
RELATED SITES
Please call 1-213-955-5858 ext. 1
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. The Connors Group, Inc. © Copyright 2009 The Connors Group, Inc. All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy. © 2009 The Connors Group, Inc.
|
