Deposit insurance system to be introduced
2011-01-08 10:15:59
The People's Bank of China (PBOC), the country's central bank, is on track to establish a deposit insurance system to strengthen risks management in the financial sector, while vowing to implement a prudent monetary policy in 2011 to soak up excessive liquidity.
Banks offer better retail services in Shanghai
2011-01-07 17:25:19
A recent survey found banks in Shanghai offer the best business hall service, followed by Guangzhou and then Beijing. The organizers surveyed 14 commercial bank branches in the three cities to determine their ranks.
Minsheng in $3b offering aimed at China Life, others
2011-01-07 16:59:14
China Minsheng Banking Corp Ltd plans to raise about $3 billion in a Shanghai share placement to replenish capital, targeting major existing shareholders such as China Life, sources said.
China to combat hot money inflows in 2011
2011-01-07 10:03:38
China's foreign exchange regulator said Thursday that it would focus on combating hot money inflows into the country to avert economic risks in 2011.
Borrowing costs to hit two-year high
2011-01-07 09:37:01
Borrowing costs for China's banks will rise to the highest in more than two years in the first quarter as policy makers curb supplies of cash to fight inflation, according to a survey of bond analysts.
Beijing banks skirt rules with cheap mortgages
2011-01-06 13:09:58
Some bank branches in Beijing have started to offer large discounts on mortgages to their clients, quietly skirting the government's instructions that mortgage rates should be no less than 85 percent of benchmark rates.
Banking, property shares might lead 2011 market rebound
2011-01-06 11:18:57
Despite generally downbeat market predictions for 2011, some analysts, such as Henry Wu, head of China equity research at Nomura Securities, are bucking the trend by predicting a rebound, expecting a boost from undervalued banking and property shares despite inflationary risk and uncertainties in the government's macroeconomic policies.
PBOC to keep credit, capital levels in check
2011-01-06 09:21:35
The People's Bank of China (PBOC), the country's central bank, will check credit and capital levels of commercial banks each month to determine the reserve requirements for individual lenders, viewed as a measure to strengthen control over banks' monthly credit. 
China won't set clear loan target this year
Despite tight credit, banks' profits to grow
2011-01-05 11:19:48
Chinese commercial banks earned unprecedented profits in 2010, and are projected to secure a profit growth rate as high as 20 percent this year, said officials and analysts.
China UnionPay sees robust inter-bank transactions
2011-01-05 11:13:05
China UnionPay Co Ltd (CUP), a Chinese bankcard services provider, said Tuesday its inter-bank transactions grew robustly during the country's New Year holiday.
China expects further rate hikes to cool property market
2011-01-03 10:50:46
The new year may be tough on people who plan to buy homes and those who already bought homes using bank loans, as China is very likely to announce new interest rate hikes this year after two increases in 2010, which will add to the financial burdens of home buyers.
Benchmark money market rate jumps 22 basis points
2010-12-31 10:35:40
China's benchmark money market rate jumped 22 basis points to more than 6.25 percent on Thursday, its highest level in three years, after the central bank raised interest rates on the loans that it makes to commercial banks.