Ecobank opens 'China desk' to manage Africa loans
2011-04-07 12:31:35
Pan-African bank, Ecobank Transnational Inc, will open a China desk next week aimed at easing the flow of Chinese loans for African infrastructure projects, Reuters reported, citing a bank official.
Sharp rise in 'malicious' credit cheats
2011-04-06 16:52:48
The capital has seen a sharp rise in the number of shoppers who max out on credit cards and refuse to repay, according to new research.
BOC says business risk in Libya under control
2011-04-05 11:21:59
The Bank of China (BOC), the country's third largest lender, said that its business suffered no "actual losses" amid the Libyan turmoil and that the risks are controllable.
BOC HK cuts yuan deposit interest rate
2011-04-02 10:34:02
Bank of China (BOC) Hong Kong Ltd has cut its interest rate for yuan deposits in Hong Kong. That's after money held in accounts rose to a record in February, reflecting increased demand for trade and investment in the currency.
Cross-border renminbi trade increases in 2010
2011-04-02 09:31:32
China's State Administration of Foreign Exchange said Friday that the country saw a rapid growth in cross-border renminbi trade settlements last year as more Chinese and foreign-funded companies chose to pay and be paid in renminbi, the Chinese currency.
Central bank adviser sees more rate hikes this year: Report
2011-04-01 14:09:24
China will likely raise interest rates further this year in a bid to squelch stubborn inflation and bring real deposit rates back into positive territory, the China Securities Journal reported on Friday, citing an adviser to the Chinese central bank.
Citi plans more investment in branch network
2011-04-01 13:15:47
Citibank,the New York-based consumer banking division of Citigroup Inc, plans to increase investment in its branch network in Asia this year. That's as the bank continues to seek growth in China by opening more "smart banking" outlets, said senior bank executives.
China UnionPay, CCB launch dual-currency credit card in HK
2011-04-01 11:15:31
China Unionpay, a national bank card association, and China Construction Bank (Asia) on Thursday launched a dual-currency credit card in Hong Kong to facilitate card holders who travel across the mainland and Hong Kong.
China Citic Bank says profit up 50% in 2010
2011-04-01 10:30:57
China Citic Bank said on Friday its 2010 net profit jumped 50.2 percent year-on-year to 21.5 billion yuan ($3.3 billion).
China's yuan sets new high against USD Friday
2011-04-01 10:29:00
The Chinese currency, or the yuan, on Friday gained 37 basis points from Thursday to a record high of 6.5527 a US dollar.
Bank of China in HK to launch RMB fiduciary account scheme
2011-04-01 10:26:44
Bank of China (Hong Kong), in the capacity of the clearing bank for the banking business in the Chinese currency in Hong Kong, said Thursday in a statement that it will launch the Renminbi fiduciary account scheme for participating banks on April 8.
PBOC drains $45.3b of liquidity from money market in March
2011-04-01 09:31:12
During its last open market operation for March on Thursday, the People's Bank of China (PBOC) took 297 billion yuan ($45.3 billion) of liquidity out from China's banking system, the first monthly net tightening since September 2010.