HK grants new banking licence, bringing total to 148
2011-03-25 12:46:27
The Hong Kong Monetary Authority announced on Thursday that it has granted a banking licence to Standard Bank Plc (SBP) under the Banking Ordinance, bringing the number of licensed banks in Hong Kong to 148.
PBOC further tightens liquidity to control inflation expectation
2011-03-25 09:49:05
The People's Bank of China (PBOC), China's central bank, stepped up efforts this week to tighten excessive liquidity stemming from Chinese banks, as capital on the money market remains abundant throughout the country.
BOC profit increases 29% in 2010
2011-03-25 09:34:42
The Bank of China announced on Thursday that it posted a 28.52 percent increase year on year in after-tax profits to 109.69 billion yuan ($16.71 billion) in 2010.
China to strenthen liquidity management
2011-03-24 16:48:54
An official with China's central bank said Thursday that China should strengthen liquidity management as it is still facing imbalances of international payment and excessive liquidity.
BNP Paribas China revenue doubles
2011-03-24 10:18:05
BNP Paribas, one of the world's six leading banks and the eurozone's largest bank by deposits held, doubled its revenue in China in 2010, said a senior executive on Tuesday.
China to be cautious on interest rate rises
2011-03-23 15:08:12
China is facing strong inflationary pressure, but will tread cautiously in raising interest rates, said Yi Gang, a deputy governor with the People's Bank of China.
China UnionPay expands bankcard business in Taiwan
2011-03-23 10:34:22
China UnionPay Co Ltd (CUP), a bankcard services provider, said Tuesday it has reached an agreement with Taiwan-based Chinatrust Commercial Bank (CTCB) that further expands the acceptance of CUP bankcards by merchants in Taiwan.
Alibaba broadens SME loans
2011-03-22 10:39:18
Alibaba Group, the Chinese e-commerce giant, will expand its small-loans business with two of the largest Chinese commercial banks in March and persuade 15 lenders to join this year.
8 overseas banks OKed to buy mainland bonds
2011-03-22 10:14:44
China took a fresh step on Monday to promote use of the yuan outside the mainland, giving approval to another batch of overseas banks to trade in the onshore bond market using yuan accumulated overseas.
PBOC increases reserve ratios for lenders again
2011-03-19 09:03:41
The required reserve ratios for banks were raised by 50 basis points on Friday - the ninth hike since the beginning of 2010. The measure will be effective from March 25, after which the reserve requirement ratio for large commercial banks will be 20 percent.
Russia's Gazprombank, China's UnionPay to cooperate on card payment
2011-03-18 10:49:19
Russia's Gazprombank will gradually launch the payment business of China UnionPay cards in its ATMs and relevant merchants by the end of 2011, Gazprombank announced on Thursday.
PBOC keeps 3-month bill yield unchanged
2011-03-18 09:42:59
The People's Bank of China (PBOC), or the central bank, auctioned 50 billion yuan ($7.61 billion) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculation of an approaching interest rate hike.