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China calls for attention to local debt

2011-07-07 09:10:00

The State Council, or the Cabinet, said Wednesday that local government debt is relatively heavy and has potential risks, which needs high attention.
Stocks stumble on concerns with bad debt
No state bailout needed for local debt

Interestrates rise once again

2011-07-07 08:55:17

The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.Timeline of monetary moves since 2010
China's inflation expected to stabilize in H2

CCB shareholders seek $1.2b sale

2011-07-06 11:48:18

Two shareholders in China Construction Bank (CCB) are seeking to raise up to $1.22 billion by selling down stakes, IFR reported on Tuesday, citing a term sheet.

2011 new lending around 6.7t yuan: Report

2011-07-06 09:19:34

Chinese banks are seen issuing 6.7 trillion yuan ($1.04 trillion) worth of new loans this year, a newspaper said on Wednesday, suggesting lending could slow markedly in 2011 as part of drive to tame inflation.

China to continue prudent monetary policy: PBOC

2011-07-05 09:25:52

The People's Bank of China (PBOC), or the central bank, said Monday it would continue to implement a prudent monetary policy as inflationary pressures still remained high. June CPI may hit 3-year high

BOC plans global expansion

2011-07-05 09:00:25

Bank of China Ltd (BOC), the only Chinese bank to have operated continuously for nearly 100 years, will continue to expand its overseas network, despite becoming much more reliant on the domestic market in recent years.

ICBC is world's most profitable bank

2011-07-04 14:10:12

Three banks in China have jumped into the top ten ranking of the world's best 1,000 banks, according to the UK magazine Banker.

PBOC vows to enhance reform of financial system

2011-07-04 13:17:33

The People's Bank of China (PBOC), the country's central bank, vowed on Sunday to improve financial regulation and boost the reformation of the country's financial system.

China likely to announce interest rate hikes in Q3: BOC

2011-07-04 09:45:56

China is likely to raise its benchmark interest rate one or two times during the third quarter of this year to contain inflationary pressures, the Beijing Times reported on Saturday.

Local banks gaining ground on 'Big Four'

2011-07-01 09:52:30

While the Chinese still prefer to open accounts in the "Big Four" banks in China, more and more are taking their business to competitor banks in a trend that is becoming more pronounced, according to a study conducted by the consulting firm McKinsey & Co.

Rules to be tightened for investment products

2011-06-30 11:22:54

The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Wednesday moved to solicit opinions on wealth investment management, with clauses aiming to protect investors' interests.

Rules to be tightened for investment products

2011-06-30 10:54:29

The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Wednesday moved to solicit opinions on wealth investment management, with clauses aiming to protect investors' interests.

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