China raises bank reserves to calm credit growth
2010-11-10 16:35:57
China's central bank has ordered some banks to increase their reserve requirements by 0.5 of a percentage point in an apparent effort to curb rapid credit growth, three industry sources told Reuters on Wednesday.
ADB extends $200m loan to expand natural gas distribution in China
2010-11-10 14:28:01
The Asian Development Bank (ADB) is extending a loan worth $200 million to China to develop the country's natural gas distribution infrastructure and promote renewable energy use.
China approves yuan, New Taiwan dollar exchanges in Guangdong
2010-11-10 13:43:34
The Chinese mainland has approved mutual direct exchange of the yuan and New Taiwan Dollar (TWD) in Guangdong Province, where the Asian Games will open on Friday.
BOC's yuan cross-border settlements exceeds 80b yuan
2010-11-10 11:24:37
Bank of China (BOC), the country's fourth-largest bank by assets, said Tuesday its yuan cross-border trade settlement business had exceeded 80 billion yuan ($12.02 billion) by the end of October.
China regulator urges banks to adopt Basel III-paper
2010-11-10 11:19:56
A senior Chinese banking regulator urged the country's lenders to conform to the Basel III rules - the new set of global banking regulations, in a bid to improve international competitiveness, the official China Securities Journal reported on Wednesday.
Bank of China eyes stake in Portugal BPI
2010-11-09 16:39:00
Bank of China Ltd is considering taking a stake in Portugal's third largest listed bank Banco BPI or its Angolan operation BFA, a top Bank of China official said on Monday.
China UnionPay cooperates with Interbank for card acceptance in Peru
2010-11-09 14:16:29
China's bankcard association, China UnionPay (CUP), said Monday it has signed an agreement with Peru's Interbank to extend CUP card services to Peru.
ADB calls for bigger China role in developing transport infrastructure
2010-11-09 11:03:00
Asian Development Bank (ADB) Vice President Bindu N. Lohani called on China Monday to play a bigger role in bringing seamless transportation systems to Asia.
China sets new rules for banks selling insurance
2010-11-09 10:36:33
China's banking regulator on Monday unveiled new rules governing the sale of insurance by banks as lenders get set to diversify into the area under recently relaxed rules.
China Eximbank to launch 5b yuan-denominated bonds in HK
2010-11-08 15:06:08
The Export-Import Bank of China (China Eximbank), one of the country's policy lenders, said on Monday it would launch a total of 5 billion yuan ($750 million) of yuan-denominated fixed rate bonds in Hong Kong.
Chinese banks' Q3-end capital adequacy ratio up to 11.6%
2010-11-05 14:39:15
Chinese commercial banks' capital weighted adequacy ratio (CAR) had risen to 11.6 percent at the end of the third quarter, up 0.5 percentage points quarter-on-quarter, the China Banking Regulatory Commission said Friday.
Bank of china, Malaysia CIMB get close for licenses in Cambodia
2010-11-04 14:39:05
The Bank of China and CIMB from Malaysia are close to get licenses for business in Cambodia, a central bank official said Wednesday.