China's banking regulator lauds achievements as banks' NPLs drop
2011-03-17 09:28:32
Chinese commercial banks' balance and ratio of non-performing loans (NPLs) fell remarkably under the industry's risk control drive, the banking regulator said Wednesday.
Number of HK's credit cards hits 15.5m
2011-03-16 14:07:09
The number of credit cards in circulation in Hong Kong grew to 15.5 million at the end of the fourth quarter of 2010, up 1.6 percent quarter-to-quarter and 6.6 percent year-on-year, the city's Monetary Authority said on Tuesday.
China to regulate individual forex settlement through e-banking
2011-03-16 10:46:43
China will implement interim provisions to regulate individual forex settlement via e-banking since April 1 this year, said a statement Tuesday.
CBRC regulator warns of local debt risks
2011-03-15 15:03:29
China's banking regulator said it will ask banks to control credit risks, especially loans to local governments' financing vehicles, the Shanghai Securities News reported Tuesday.
Banks race to speed up RMB operations in Singapore
2011-03-15 11:13:23
The expansion of renminbi operations in Singapore has been speeding up, as banks raced to offer yuan deposit products and access to bonds to meet the growing appetite for the Chinese currency.
China to scrap 34 bank service fees as of July
2011-03-15 09:04:00
China's banking regulator said via a circular on Monday that 34 kinds of bank service fees will be scrapped from July 1 to raise the efficiency of banking services.
State-owned banks may need to raise $23b in 5yrs
2011-03-12 14:40:01
China's major state-owned banks may need to raise 150 billion yuan ($22.8 billion) of capital over the next five years to support loan expansion, which could squeeze the stock market, Reuters reported citing Chinese newspaper.
ICBC sets up 1st overseas RMB processing center in Singapore
2011-03-12 13:32:28
Chinese banking giant ICBC set up its first overseas Reminbi Processing Center in Singapore on Friday, in line with the bank's strategy to go international and the fast growth of renminbi business in the region.
ABC to issue up to 10b yuan RMB bonds in HK
2011-03-11 15:16:58
Agricultural Bank of China (ABC) has received approval from its board to issue no more than 10 billion yuan ($1.52 billion) worth of renminbi-denominated bonds in Hong Kong. The maturities will be less than five years, according to a statement by the bank.
Banks told to handle mortgage loans 'properly'
2011-03-11 09:46:53
The China Banking Regulatory Commission (CBRC) on Thursday ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
Agricultural policy bank to issue $60b in bonds
2011-03-11 09:19:56
Agricultural Development Bank of China, a State-owned agricultural policy bank, plans to issue 400 billion yuan ($60.6 billion) in bonds in 2011, the bank's vice president said on Thursday.
Citibank accepts UnionPay cards in 7 Asian nations
2011-03-10 17:04:28
China's bankcard association, China UnionPay, announced Thursday it has signed an agreement with Citibank to accept UnionPay cards in seven Asian nations.