China

ICBC to open at Shanghai FTZ

Will be first Chinese bank with FTZ branch.

Chinese banking system net forex purchases hit US$4.48 billion

August increase suggests resumed capital inflows.

Citigroup appoints Valentin Garger as head of financial institutions group

Formerly managing director of the financial institutions group in Europe.

China moves closer to establishing municipal bond market

Two firms to issue credit ratings of local governments.

AgBank enhancing cash management business

Deutsche Bank technology to process dollar and Euro payments.

Alibaba and China Minsheng strike partnership deal

Part of Alibaba campaign supporting businesses on its platforms.

Lithuania and China sign securities regulation agreement

Permits direct Lithuanian investment in China’s financial markets.

Tencent applies for private banking license in China

Application being assessed by the China Banking Regulatory Commission.