'Big Four' banks' new RMB loans soar
2011-01-14 09:57:22
China's four biggest State-owned commercial banks issued credit totaling 240 billion yuan in the first ten days of January, National Business Daily reported Friday, citing interbank data.
China unveils new moves to push for yuan's global reach
2011-01-14 09:29:50
China announced on Thursday that the nation's qualified businesses and banks could settle their overseas direct investment in yuan, a move that could expand the Chinese currency's global reach and ease excessive liquidity domestically.
ICBC won't seek cash on capital market
2011-01-13 11:05:24
The Industrial and Commercial Bank of China (ICBC), the largest lender by market value, will not raise funds from the capital market in three years as it promised in 2010, Chairman Jiang Jianqing said on Wednesday.
Banks urged to lend more for affordable housing
2011-01-13 10:38:21
China's banking regulator on Wednesday urged banks to increase lending to affordable housing projects in 2010 in hopes of curbing runaway property prices.
Jinan Truck says unit involved in bank fraud
2011-01-13 09:24:59
CNHTC Jinan Truck Co Ltd, a Chinese maker of heavy-duty vehicles, said on Thursday that a subsidiary was involved in a bank fraud that could threaten repayment of 500 million yuan ($75 million) worth of deposits.
Required reserves ratio may rise: Experts
2011-01-12 15:40:27
Banking experts said the central bank may raise Chinese commercial banks’ required reserve ratio to tame surging domestic liquidity and inflation, China Securities Journal reported Wednesday.
China banks lend 600b yuan to start year -media
2011-01-12 10:57:26
Chinese banks extended about 600 billion yuan ($91 billion) in new local-currency loans in the first week of 2011, and lending in January could reach 1 trillion yuan, Caijing magazine reported on Wednesday, citing analysts.
Bank of China allows US customers to trade yuan
2011-01-12 09:58:39
State-owned Bank of China Ltd has opened trading in the yuan currency to US customers, according to a posting on the bank's website dated December 2010.
China's new yuan loan growth to slow in 2011: BoCom
2011-01-12 09:36:22
China's bank lending growth is expected to continue decelerating in 2011, as the government continues to tighten monetary policy, notably in mortgages, a bank report said on Tuesday.
Banks to trim loan size in 2011
2011-01-11 17:37:32
Some Chinese banks plan to reduce the size of their loans by 10 to 20 percent this year, even though China's central bank has not clarified policies for 2011, the 21st Century Business Herald reported Tuesday.
China plans to increase lending to agriculture
2011-01-10 13:27:45
China will boost lending to agriculture to help counter inflation, Vice Minister of Finance Li Yong said in an article posted on the department’s website on Jan 8, Bloomberg reported.
Small deals aid underwriting success
2011-01-08 10:55:14
Foreign investment banks seeking a greater share of stock underwriting in China must focus more on smaller initial public offerings (IPOs), said the head of JPMorgan Chase & Co's Chinese operations.