China
Pessimistic forecasts for China’s banking sector
Pessimistic forecasts for China’s banking sector
China’s first private bank posted a second-quarter net income 20% larger than the year before but triggered a sell-off at the Hong Kong exchange that dragged down other major Chinese banks.
Chinese banks face worsening short-term liquidity
A steady fall in foreign direct investments are crimping the expansion of China’s monetary base.
China’s Big Four dominate world’s top banks
China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization.
China’s Big Four dominate world’s top banks
China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization, said a report by Boston Consulting Group.
China’s first technology bank to support tech companies
SPD Silicon Valley Bank which focuses on commercial services for technology start-ups opened this week in Shanghai.
BoCom to raise US$8.98 billion for capital replenishment
China's fifth largest lender by assets, has received government approval to complete a private share placement.
ANZ may sell Asia bank stakes due to stringent capital rules
ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.
NPL ratio of Chinese commercial banks remains at 0.9%
The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent.
GRGBanking to hold 7th Global Customer Exchange in September
A new series of cash deposit machines will be unveiled in GRGBanking’s Guangzhou headquarters.
Chinese banks extend US$84.9b new loans in July
This is over 20% below the market forecast of US$108 billion.
Taiwan's Fubon to boost China foray with HK branch
Fubon Financial Holding aims to boost its presence in China through its Hong Kong branch in Hong Kong as a bargaining chip.
Bank of Communications gets nod for private placement
The Bank of Communications has received approval from regulators to complete its private share placement.
Noppen hosts its first Financial Data Center Conference
The event was held on July 19th & 20th at the Double Tree by Hilton Hotel in Shanghai, China.
BEA opens "cross-location" sub-branch in Zhanjiang
Bank of East Asia (China) Ltd has opened a sub-branch in Zhanjiang, Guangdong province to provide comprehensive renminbi and foreign currency banking services.
Shenzhen Development Bank now carrying Ping An Bank brand
The former Shenzhen Development Bank will now operate under the name Ping An Bank after it has been absorbed in a merger.
Chinese banks move to finance local businesses
Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.
Chinese banks pledge more loans for real economy
China reiterates its promise to boost bank loans to the more productive sectors of its wallowing economy and away from real estate speculation.