China
ICBC launches renminbi clearing services in Singapore
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
Credit card fraud tops Shanghai’s financial crimes list
Accounted for 88% of financial crime cases in court in 2012.
ICBC reports 14.5% hike in earnings
Performance in 2012 makes it the world’s most profitable bank.
China’s banking crisis has begun
Hong Kong economist said debt bomb is about to explode.
ABC and BOC report slower profit growth
Two of the Big Four banks said economic slowdown crippled loan demand in 2012.
China warns banks anew on WMPs
Orders banks to strengthen checks on underlying assets of Wealth Management Products.
Why BOC is top pick among Hong Kong banks
Has strongest capital adequacy ratio (12.3% Tier 1) vs peers, an attractive 5.2% dividend yield and CNH asset deployment growth potential.
Higher credit charges help depress ABC’s net profit
Agricultural Bank of China reported net profit of RMB 145.1bn for FY12.
Here’s more from Barclays
Stronger-than-expected fee income and lower credit costs push up profit.
How will CBRC's new guideline on LGFV loans change the banking landscape in China?
Find out why BBVA says the impact may not be as large.
CBRC warns banks against lending to nine sectors
Move is aimed at improving implementation of standardized loan procedures to reduce risk.
Check out HSBC's new RMB cross-border payments solution in China
Learn more about the tailor-made ‘gross-in / gross-out’ model.
6 key takeaways from China Construction Bank's FY12 results
2013 NIM is expected to be at the 2011 level of 2.7%.
Chongqing Rural Commercial Bank's loans up 20% at end-2012
Check out CRCB's results here.
See how China Construction Bank fared in 2012
Net profit increased 14% to RMB 193.2b.
These are the 4 key drivers for China's rapid WMP market expansion
Bank-issued wealth management products have a four-year CAGR of 72%.
ABC implementing ‘Four Urbanization” program
Will actively engage development opportunities arising from urbanization.