citic bank

Kaisa paying up to join year-end bond financing rush

Unfazed by trade war fears, the Shenzhen property developer and recent defaulter raised $300 million from a US dollar one-year bond. It is arguably the year's priciest Asian high-yield issue.
December 11, 2018

Kaisa channels its inner white knight

It's been a long hard road for the Chinese property company as it completes final and unexpectedly difficult step back to normal operations with bond exchange and new issue.
June 23, 2017

Citic Bank uncovers near-Rmb1 billion bill fraud

For the second time in a week, a Chinese bank discloses it is the victim of a scam involving the alleged embezzlement of cashed bills for investment in local stock markets.
January 28, 2016

BBVA sells down Citic Bank stake

Spanish lender offloads a 5.1% stake in its Chinese counterpart for $1.27 billion, the latest western bank to cut back its China exposure in an effort to raise funds.
October 17, 2013

Payment news, August 3

OCBC launches banking and trading iPad applications, while Patsystems announces new Asia-Pacific locations for its ASP hub.
August 02, 2010

BBVA increases stake in Citic group

The Spanish bank pays $1.24 billion to buy an additional 15% of Citic Holdings and a further 5% in Citic Bank and makes a delisting of Citic Holdings a condition of the deal.
June 03, 2008