China
China orders tighter monitoring of banks’ factoring business
Focus is on loans made against accounts receivable.
BofA begins final exit from China Construction Bank
Selling-off US$1.5 billion stake.
ICBC's total deposits of RMB14.5t in 1H13 driven by time deposits
Total loans grew by7.2% in 1H13 to RMB9.4t.
Citi to provide fund administration and transfer agency services to Whiz Partners
New hedge fund in Asia underway.
UAE banks focusing more on the Chinese
Offer RMB deposit accounts, among other services.
BOC reports better H1 results
After tax profit was US$13.3b.
Banking reforms continue in China
Will include deposit insurance.
Check out these 5 prerequisites for RMB internationalization
But analyst warns of risks.
Chinese H-share banks report 13% profit growth for 1H13
Find out what supported the growth.
China Minsheng focusing on smaller borrowers
But these customers will be hardest hit by weaker economy.
China’s banks post weakest results in years
Due to interest rate liberalization and weak economy.
ICBC's net fee income from corporate wealth management business up 43%
Wealth management products of CNY2.81t were issued in 1H13.
More than 58% of payments value between Luxembourg and China, HK now RMB-denominated
It was only 42% in July 2012.
Corporate bond approvals in China decentralized
Centralization causing delays and inefficiency.
ICBC and Bank of China report improved profits in Q2
Big Four banks boosted by sharp spike in fees.
China Minsheng Bank's total deposits jumped 13% to RMB 1.4t
But here are some bad news.
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