Macao banks' lending to SMEs down 17.5% in H2 of 2010
2011-03-03 14:43:35
New SME (Small and Medium-sized Enterprises) credit limit approved by Macao banks in the second half of 2010 decreased by 17.5 percent over the first half of 2010 to 8.5 billion patacas ($1.06 billion), according to figures released Wednesday by the Monetary Authority of Macao.
China sees sharp rise in funds outstanding for foreign exchange
2011-03-03 09:48:32
China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan ($3.51 trillion) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, on Wednesday.
China to further expand cross-border yuan trade settlement
2011-03-03 09:34:13
The People's Bank of China (PBOC), the central bank, announced on Wednesday that it would further expand trial cross-border yuan trade settlements across the country this year.
Financial leasers thrive in agriculture
2011-03-03 09:31:50
Assets of China's financial leasing companies totaled 310 billion yuan ($47.15 billion) in 2010, up from 160 billion yuan the previous year, playing an increasing role in promoting agriculture.
Regulator calls for more financial support for small companies
2011-03-03 09:14:53
China's banking regulator has ordered commercial lenders to offer more financial support to small enterprises, according to a statement released on its website on Wednesday.
CDB to loan 100b yuan to China's affordable housing projects
2011-03-02 15:27:32
China Development Bank (CDB) said Wednesday that it would loan 100 billion yuan ($15.2 billion) to finance affordable housing projects in the country this year.
HSBC plans to expand more in Chinese mainland
2011-03-02 10:00:34
HSBC, Europe's biggest lender, is set to continue its expansion on Chinese mainland and will set up 15 new outlets in cities and three rural outlets this year, a senior executive said on Tuesday.
Chinese bank's cross-border yuan settlement tops 150b
2011-03-01 17:34:46
The Industrial and Commercial Bank of China (ICBC) has handled more than 150 billion yuan ($22.83 billion) of cross-border trade settled in its own currency by the end of January, according to a statement released Tuesday on its website.
EXIM Bank agrees to provide 640m yuan loans to for Nepalese project
2011-03-01 16:33:34
A series of agreements were signed between Fu Ziying, visiting vice minister of commerce of China and Rameshore Prasad Khanal, secretary of the Ministry of Finance on behalf of their respective governments Monday in capital Kathmandu.
PBOC to sell $1b yuan one-year bills
2011-03-01 13:32:34
The People's Bank of China, the Chinese central bank, announced on Monday that it would sell 1 billion yuan ($151.98 million) one-year bills on Tuesday.
Chinese central bank joins regional central bank organization
2011-03-01 10:58:45
The People's Bank of China (PBOC), the country's central bank, announced Monday that it has joined the South East Asian Central Banks (SEACEN) as a council member.
Commerzbank ups cross-border focus in Asia
2011-03-01 10:47:24
Commerzbank, Germany's second-largest lender, announced on Monday ambitious plans with a cross-border focus for corporate customer business with China and Asia.