China

Senior executive movements at China’s top banks

Changes follow the once-in-a-decade leadership transition at the Chinese communist party.

Shadow banking sector now 60% of China’s GDP

Fitch Ratings warns shadow banking is stoking instability in the banking sector.

China reorganizes Monetary Policy Committee

Cause is the retirement and reshuffling of committee members.

China in serious danger from shadow banking

Billionaire American investor George Soros says China has a few years to control shadow banking risks.

ICBC funds South African renewable energy projects

China’s largest bank signs US$2 billion financing agreement.

Local Chinese government debt could really be US$3.2 trillion

Amount owed banks in 2011 is double official estimates.

HSBC and BoCom sign renminbi business deal

Memorandum of understanding covers cross-border renminbi business cooperation.

ICBC to acquire stake in major Taiwan bank

Industrial & Commercial Bank of China Ltd. plans to buy 20% of Bank SinoPac.

Major breakthrough in cross-strait banking talks

Talks succeed in easing market access rules for banks seeking to own stakes in other banks.

China gets tougher on sales of WMPs

Orders checks on underlying assets of volatile WMPs.

Planned BRICS bank to complement World Bank

But intends to break the grip of Americans, Europeans and Japanese in major lending institutions.