China

BOC partners with Julius Baer in wealth management

BOC partners with Julius Baer in wealth management

Bank of China enters into a partnership with Switzerland’s largest private bank after surrendering its wealth management business.

Islamic banking to be introduced into China

Malaysia’s Bank Muamalat Malaysia Bhd and Bank of Shizuishan will open an Islamic bank in Ningxia Province within two years.

CITIC to acquire CLSA Asia Pacific Markets

CITIC Securities Company Ltd is about to complete the acquisition of Credit Agricole’s Hong Kong-based brokerage for US$1.25 billion.

China still a gold mine for foreign banks

Foreign banks still look towards revenue growth of 20% in China despite the country’s unnerving economic slowdown.

Mainland banks bet big on Taiwan

Mainland investments in Taiwan’s banking industry account for 31% of all of China’s investments in Taiwan since 2009.

China in for short-lived economic recovery

Positive growth metrics mask the uncomfortable reality that a recovery of China’s economy in the second half will be temporary.

J.P. Morgan Chase Bank to open Suzhou branch

The Suzhou arm is the JP Morgan's sevent branch in mainland China. 

ABC downplays non-performing loans

Agricultural Bank of China will not raise equity to cope with a rise in its non-performing loan portfolio.

Policy measures needed to boost liberalization

China’s recent credit liberalization could be endangered by lax fiscal policies.

WMP boom could hurt China’s weaker economy

Sales of wealth management products in China jumped 43% to US$1.90 trillion during the first half of the year.

WTO rules in favor of China on payment card dispute with US

China welcomed a WTO ruling dismissing U.S. accusations that China's Union Pay barred foreign service providers from entering the Chinese market.

China’s interest rate liberalization to hit bank profitability

Free market interest rates will hurt China’s banking sector but are inevitable.

Rich banks not lending enough money to real economy

The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.

ICBC completes acquisition of U.S. bank

The US$140 deal was signed in January 2011 and approved by the Fed in May.

Report shows Chinese banks lack transparency

Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.

Agricultural Bank of China VP Yang Kun resigns

The Agricultural Bank of China announced that its vice president Yang Kun has resigned.

Chinese bank opens for business in Sweden

Bank of China has opened the first Chinese bank branch in the Nordic region.