News: China Construction Bank Corporation (601939.SS)

601939.SS on Shanghai Stock Exchange

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Thu, Dec 10 2009

China's bancassurance should change business model -survey

BEIJING, Dec 10 (Reuters) - Chinese banks and insurers should adopt a new business model aimed at building more exclusive and integrated ties to maintain growth in premiums, according to a survey by a consulting group and insurer.

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UPDATE 1-China CCB plans to issue $2.9 bln sub-debt -sources

* CCB aims to complete the offering by the end of the year

UPDATE 1-CCB Intl to launch $1 bln HK private equity fund

* CCB unit close to launching $1 bln HK private equity fund

CCB Intl to launch $1 bln HK private equity fund

SHANGHAI, Dec 9 (Reuters) - CCB International (Holdings) Ltd, a wholly owned investment banking arm of China Construction Bank Corp , is close to launching a $1 billion private equity fund in Hong Kong, CCB International CEO Hu Zhanghong told a conference on Wednesday.

ICBC in talks to buy stake in Cathay Financial: sources

TAIPEI/HONG KONG (Reuters) - China's ICBC is in talks to buy a stake in Taiwan's Cathay Financial , sources said on Wednesday, in a potential $3.4 billion deal that would be the first direct investment by a Chinese bank into a Taiwan financial group.

UPDATE 3-ICBC in talks to buy stake in Cathay Fin -sources

* At current market cap, deal would be worth $3.4 billion

Geely taps China banks to back $1.8 billion Volvo deal

HONG KONG (Reuters) - Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

UPDATE 3-Geely taps China banks to back $1.8 bln Volvo deal

* Chinese private equity funds keen to support - sources (Adds Geely's comments, next move for negotiations)

Geely taps China banks over Volvo deal

HONG KONG (Reuters) - Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion (608 million pounds) in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

Geely taps China banks to back Volvo deal -sources

HONG KONG, Dec 1 (Reuters) - Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

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