Decline in new yuan lending in Jan
2011-02-16 09:11:24
Chinese banks extended 1.04 trillion yuan ($157.8 billion) of new loans in January amid the country's renewed efforts to tame excessive liquidity and rising inflation.Small companies turn to pawnshops for loans
China Construction Bank unit to boost research team by 40%
2011-02-15 14:29:47
CCB International Securities Ltd plans to expand its research team by as much as 40 percent to meet rising demand for analysis, the Bloomberg News reported Tuesday.
Bank of East Asia posts record profit for 2010
2011-02-15 14:23:44
Bank of East Asia said Tuesday that it achieved a record after-tax profit of HK$4.3 billion in 2010, jumping 60.8 percent from a year earlier.
ICBC unit to increase staff hiring
2011-02-15 13:30:55
ICBC International Holdings Ltd, the securities unit of the world's largest lender, will hire more people from global rivals as it expands abroad to compete with the likes of Morgan Stanley and UBS AG for advisory work.
HK's foreign assets of the exchange fund up in Jan
2011-02-15 10:02:47
The Hong Kong Monetary Authority said on Monday that the foreign assets of the exchange fund in January 2011 grew by HK$3.7 billion ($470 million).
China may raise RRR, interest rates further
2011-02-15 09:58:20
China is prepared to further increase interest rates and banks' required reserve ratios (RRR) in 2011, Reuters reproted Tuesday, citing a report published by government think-tank.
Pilot to float interest rates starts at CMB
2011-02-15 09:43:40
Chinese banking authorities have started a pilot program at China Merchants Bank (CMB) to liberalize its deposit rates as the nation accelerates its step to float interest rates, a source familiar with the matter told China Daily.
ICBC securities unit to hire more staffs from global firms
2011-02-14 11:06:37
ICBC International Holdings Ltd will hire more people from global rivals as it expands abroad to compete with the likes of Morgan Stanley and UBS AG for advisory work, Bloomberg News reported Monday.
UBS to double China staff to 1,000-1,200 in 5 yrs
2011-02-14 10:20:04
UBS AG plans to double the workforce at its China operations to as many as 1,200 people over the coming five years, said Yoon Chi-Won, the bank's co-chief executive officer for the Asia-Pacific region.
China's RMB bond issuance expands 3.1% in 2010
2011-02-14 09:47:09
The People's Bank of China said Saturday the country had issued 5.1 trillion yuan ($773.3 billion) worth of bonds in 2010, an increase of 3.1 percent over that in 2009.
AgBank to pay 2.59b yuan for Jiahe Life
2011-02-12 13:29:47
Agricultural Bank of China (AgBank), the country's fourth largest lender, said on Friday that it would pay 2.59 billion yuan ($392 million) for a 51 percent stake in Beijing-based Jiahe Life Insurance Co.
China Unionpay overseas deals up 44% during Spring Festival
2011-02-11 10:51:45
China Unionpay Co said its overseas transactions grew robustly during this year's Spring Festival holiday, which lasted from February 2 to 8.