Shanghai bank granted license in HK
2011-05-17 09:36:29
The Hong Kong Monetary Authority has granted a banking license to Shanghai Pudong Development Bank, the authority said Monday in a statement.
ICBC posts strong trade financing growth in Q1
2011-05-16 13:17:51
The Industrial and Commercial Bank of China (ICBC) said its trade financing business has posted robust growth in the first quarter, with domestic subsidiaries conducting almost 290 billion yuan of in-balance-sheet trade financing, up 42.58 percent year-on-year.
Assets of China's banking industry hit 101.2t yuan
2011-05-14 10:43:31
Assets of China's banking financial institutions rose in value 18.9 percent year-on-year to 101.2 trillion yuan ($15.57 trillion) by the end of March, the country's banking regulator said Friday.
Commercial banks' NPL hit 433b yuan at end of Mar
2011-05-13 16:43:43
Non-performing loans (NPL) in China's commercial banks hit 433.3 billion yuan ($66.67 billion) at the end of the first quarter, a decrease of 300 million yuan from the end of last year, China's banking regulator said in Beijing on Friday.
CCB opens 1st representative office in Taipei
2011-05-13 16:32:19
China Construction Bank (CCB), the country's second-largest lender by market value, said on Friday its first representative office in Taiwan has opened in Taipei, signaling the lender's latest move to establish a cross-Strait service network.
Large banks rein in credit supply
2011-05-13 14:35:51
China's state-owned banks have tightened credit supply as higher reserve requirement ratios and other credit controls rein in excess liquidity, China Business News reported on Thursday.
Bank reserve requirement raised for 5th time
2011-05-13 13:42:04
In its latest move to battle inflation, China's central bank announced Thursday that it will raise the reserve requirement ratio (RRR) of the country's lenders by 50 basis points, the fifth such increase this year.
Reserve requirement ratios raised to record high by PBOC
2011-05-13 09:13:46
China has raised the reserve requirement ratios (RRR) for banks for the fifth time this year to restrain price rises.
HSBC targets to cut cost $2.5-3.5b
2011-05-12 13:04:17
HSBC announced its strategy execution plan on Wednesday stating that the bank has launched a program to target $2.5 billion to 3.5 billion of cost saves to reach cost efficiency ratio target of 48 percent to 52 percent by 2013.
Citibank ups the ante in Nanjing
2011-05-12 10:44:59
Citibank is continuing its expansion in China and expects fierce competition to heat up among foreign banks, who are eyeing a slice of the wealth and consumption in the Chinese economy.
RMB development in HK not to pose risks to mainland
2011-05-12 09:47:06
Renminbi business development in Hong Kong, with relatively limited renminbi deposits, will not pose risks to financial stability on the mainland, said K. C. Chan, secretary for financial services and the treasury of the city government on Wednesday.
ICBC's small business lending Q1 balance surges 53.5b yuan
2011-05-12 09:42:20
Industrial and Commercial Bank of China (ICBC), the country's largest bank, said Wednesday that the balance of its lending to small businesses surged 53.5 billion yuan ($8.24 billion) in the first quarter of 2011.