Lending caps to reduce liquidity
2010-01-21 09:14:20
The China Banking Regulatory Commission (CBRC) has revived the "loan quota" mechanism and will scrutinize commercial banks' lending pace on a monthly and quarterly basis, according to sources familiar with the matter.
China's central bank calls for balanced lending
2010-01-21 09:08:09
A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations.
Regulator denies halt to bank lending
2010-01-20 15:15:25
China's main commercial banks were told by their supervisors to stop new lending and bill financing for the rest of this month, the China Securities Journal reported earlier today. But the country's top banking regulator denied the report.
CDB profit surpasses 30b yuan
2010-01-20 08:08:05
China Development Bank (CDB), the country's State-run bank for public works, reported a significant rise in net profit last year, spurred on by the government's call to stimulate the economy by funding major infrastructure projects.
ATM thief wants compensation
2010-01-19 07:49:44
When He Peng set foot in Tongle Square of Luliang county, Yunnan province, at 2 am on Saturday, the 30-year-old felt like a stranger in his hometown.
China's banking assets up 26% to 78.8t yuan in 2009
2010-01-18 09:55:26
The total foreign and domestic currency assets of Chinese financial institutions rose 26.3 percent year-on-year to 78.8 trillion yuan ($11.54 trillion) by the end of 2009, the China Banking Regulatory Commission (CBRC) said on Saturday.
BOC ready for opening Taiwan branch
2010-01-16 13:55:51
The Bank of China (BOC), the country's largest foreign exchange lender, said it had already completed the preparatory work for establishing its Taiwan branch, according to a statement on the bank's website.
Chinese banks report lower bad loans in 2009
2010-01-16 10:46:01
Chinese commercial banks saw their bad loan ratio declined to 1.58 percent by the end 2009, China Banking Regulatory Commission said on Friday.
China's forex reserves near $2.4t
2010-01-15 17:12:39
China's foreign exchange reserves almost hit $2.4 trillion by the end of 2009, up 23.28 percent year-on-year, the People's Bank of China, the central bank, announced on Friday.
China's new loans rise to 379.8b yuan in December
2010-01-15 16:42:25
China's new yuan-denominated lending in December rose to 379.8 billion yuan ($55.6 billion) from November's 294.8 billion yuan, the People's Bank of China, the central bank, said Friday.
ADB chief says China's latest move to rein in liquidity appropriate
2010-01-14 14:14:56
Asian Development Bank (ADB) President Haruhiko Kuroda said Thursday China's move to raise the bank reserve requirement this week will help cool down the overheating real estate sector but will not undermine the country' s strong recovery.
China's move to raise bank reserve ratio draws global response
2010-01-14 10:39:43
The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets.