Central bank: Credit card debt continues to grow
2009-09-16 21:23:38
Credit card debt in China at least six months overdue rose 131.3 percent year on year in the second quarter of 2009 to 5.77 billion yuan ($845.24 million), the People's Bank of China.
BOC signals continued liquidity
2009-09-12 08:21:53
Bank of China's deputy head gave an optimistic outlook for China's growth next year while forecasting moderate global gains.
China's new loans rise to 410.4b yuan in August
2009-09-11 13:52:45
China's new lending in yuan rose to 410.4 billion yuan ($60.02 billion) in August from July's 355.9 billion yuan, but still a sharp decrease from 1.53 trillion yuan in June, the central bank said Friday.
China's bank loans to see steady growth in second half: BOC
2009-09-11 13:42:22
China's bank loans would report a steady growth in the second half of the year, since big fluctuations will hurt the economic recovery, a Bank of China official said Thursday, dispelling concerns over tightening credit.
Insurer seeks stake in bank
2009-09-10 08:45:52
China Life Insurance Co said yesterday it planned to acquire a stake in China Development Bank Corp to match its long term liabilities and achieve a better synergy in resource allocation.
Banking regulator to strengthen financial risk control
2009-09-09 09:54:59
China's banking regulator will step up financial risk control by increasing attention on banks' governance, capital adequacy ratio, risk management of loan concentration, provision coverage ratio, and information transparency.
Bad loans 'no threat': survey
2009-09-09 08:10:37
Despite the explosion in lending in the first half of this year, most Chinese banks do not regard bad loans as a major problem over the next three years.
S Korea's Hana Bank to invest in China's Bank of Jilin
2009-09-07 14:49:09
South Korea's fourth-largest lender, Hana Bank, on Monday announced it will purchase an 18.44 percent stake in China's Bank of Jilin later this month.
Slowdown in August bank loans
2009-09-04 07:58:32
New lending saw a slower growth in August as Chinese banks scaled back lending activities amid concerns over surging bad loans.
China banking on IMF's bond idea
2009-09-04 07:55:49
China will be expecting more input during the restructuring of the international financial system after agreeing on Wednesday to buy the first $50 billion of the International Monetary Fund (IMF)'s new bonds.
China Everbright gets ADB funding
2009-09-04 07:58:32
China Everbright International Ltd, a waste treatment project developer, got a $200 million-loan from the Asian Development Bank (ADB) yesterday to fund its waste-to-energy plants in the country.
China gets ADB loans to clean up urban garbage
2009-09-03 19:56:45
The Asian Development Bank (ADB) on Thursday agreed to provide up to $200 million in loans to help build up waste-to-energy plants in China's middle and small cities to clean up urban garbage.