China

PBOC closes WMP loophole

PBOC closes WMP loophole

Loophole used by non-bank financial institutions to hide WMP risks.

2 key negative catalysts for China banks

Barclays believes these are well flagged.

BofAML the first foreign bank to launch cash management alliance with China UnionPay

BAML's head of treasury product Faisal Ameen gives us some exclusive information on the alliance.

China pledges to forge ahead with banking reform

Also promises increased flexibility in managing exchange and interest rates.

Top Chinese banks flunk government audit

Two Big Four banks cited for improper financial management.

Bank loans fall 33% in April

Money supply rises 16.1%, however.

Big Four stop doing business with North Korean bank

Increases pressure on North Korea to abandon nuclear power program.

China enters into currency swap arrangement with Pakistan

Was implemented May 7 after issuance of necessary instructions to banks.

BOC cuts business ties with North Korean bank

Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.

ICBC Thai focusing on retail market

Wants retail to account for 50% of total income by 2016.

China gets tougher on renminbi speculation

New rules immediately cause renmnbi to fall against the US dollar.

Bad loans up, asset quality down for big Chinese banks

Fourteen of 16 banks report rise in bad loans.