China Minsheng Banking Corp (1988)
China Minsheng Banking Corp., Ltd. engages in the provision of corporate and personal banking, treasury business, finance leasing, assets management, and other financial services. It operates its business through the following segments: Corporate Banking, Personal Banking, Treasury and Others. The Corporate Banking segment offers deposits, loans, trust, trade-related products, other credit services, and foreign currency services. The Personal Banking segment deals with savings deposits, investment savings products, credit and debit cards, Shang Dai Tong, residential mortgage, and consumer credit. The Treasury segment provides foreign exchange trading, interest rate and foreign exchange derivatives transactions, money market transactions, proprietary trading, and asset-liability management. The Others segment includes investments and any other business which cannot form a single reportable segment. The company was founded on January 12, 1996 and is headquartered in Beijing, China.
|Market Price at 16-01-2018
|Price to Earnings Ratio
|Return on Equity (ROE)
Blog posts that reference China Minsheng Banking Corp:
Friday, October 27, 2017
Greece’s non-performing loans: A major hurdle to economic revival
As US President Donald Trump reaffirmed his commitment to Greece’s economic revival during Greek Prime Minister Alexis Tsipras’ official visit to Washington, the country’s banking sector continues to struggle with the longstanding issue of excessive non-performing loans (NPLs).
Thursday, October 26, 2017
Shinzo Abe’s snap election gamble pays off
Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) and its coalition partners secured a landslide victory in Japan’s snap elections. Abe triumphed in his bid to cement his parliamentary powers as his ruling bloc retained its supermajority in the lower house of the parliament. Abe’s gamble to hold a snap election had seemed risky as few early polls had predicted that the ruling LDP coalition government may lose significant number of seats. Moreover, just before the announcement of a snap election, popular Tokyo Governor Yuriko Koike floated her new political party, Party of Hope, raising the odds of tighter-than-expected electoral contest. However, her party failed to record strong performance as the ruling LDP successfully exploited the infighting in the opposition camp.
Wednesday, October 25, 2017
Global Equity Markets in Review
• US equity indices extend their uptrend, as earnings season continues its positive growth momentum
• European stocks finish flat, as continued tensions in Spain offset upbeat corporate earnings
• Australia and Japan extend uptrend, while China and India record mild losses.
Monday, October 16, 2017
Global Equity Markets in Review
§ Wall Street extended its uptrend, as investor optimism remained intact due to the continued flow of healthy economic data.
§ European stocks managed to edge higher despite muted trading activity as the Catalonia crisis continued to weigh on investor sentiment.
§ Government reforms, optimism over the earnings season and healthy economic data lift Asian markets.
Wednesday, October 11, 2017
Changing political equations in Germany could weigh on Greece’s bailout programme
Germany’s political scene has changed overnight, following last month’s general elections. Although Angela Merkel won herself a record fourth term as German chancellor, it was her party’s worst performance under her leadership. Merkel, who has been quite influential in her handling of various Eurozone issues, ranging from migration to Greece’s debt crisis, is expected to witness a dramatic reduction in her authority, considering the fragmented election outcome. The election outcome in the Germany has triggered fresh fears in Athens, as political pundits are worried that the weakened government in Germany could have adverse implications on the ongoing bailout negotiations.
Tuesday, September 26, 2017
Confident Fed raises odds of December rate hike
The US Fed, in its latest monetary policy meeting that concluded on 20 September 2017, decided to keep the target range for the federal funds rate unchanged at 1–1.25%. The Fed said, ‘In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realised and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation’.
Tuesday, September 19, 2017
• Early week relief rally propels key US benchmarks to new highs
• Positive economic data lifts European markets (except UK)
• Asian markets finish mixed despite North Korea’s aggression
S&P 500, Dow Industrials ends the week at all-time highs
Wall Street kick-started the week on a solid footing as stocks rebounded after Hurricane Irma appeared to have caused less-than-anticipated damage. Insurance and travel-related stocks recovered from their last week’s dismal performance. Moreover, banking and telecom stocks helped benchmark indices move higher.
Tuesday, September 19, 2017
On Friday, 15 September 2017, S&P Global Ratings upgraded Portugal’s sovereign rating to investment grade. The agency revised Portugal’s sovereign rating upward by one notch to BBB-/A-3 from BB+/B and maintained the outlook as stable. S&P became the first among the big three global rating agencies to move Portugal out of its junk status. Although the country’s debt is rated below investment grade by Moody’s Investor Services and Fitch Ratings, both the agencies recently upgraded their outlook on Portugal to positive from stable.
Wednesday, August 30, 2017
On 19 August 2017, Fitch Ratings upgraded Greece’s long-term foreign currency issuer default rating to B- from CCC, citing easing political risk and promising growth prospects. Fitch’s upgrade came after Moody’s upgraded Greece’s long-term issuer rating to Caa2 in June and S&P affirmed its B- rating with outlook upgraded to positive in July. Despite these rating upgrades, Greece’s sovereign credit rating still remains well below investment grade. However, such a nominal upgrade could boost the confidence of lenders and investors alike.
Saturday, August 26, 2017
• US equity benchmarks finish higher as investors get excited about tax reform.
• European markets finished flat ahead of the annual Jackson Hole Symposium.
• China’s stock market gains ground as investors focus on earnings.