China

Small Chinese banks are taking away business from their bigger, state-owned rivals with simple offerings such as higher interest rates.

China's central bank implemented an interest rate cut by 25 basis points, the first reduction since the end of 2008.

The first bank in China focusing on technology companies will start operating in July.

Beijing said bank lending and the money supply were above expectations in May.

The stable policy environment that is the foundation of stability in China's baking sector is under threat.

The banks recorded total assets of US$1.62 trillion with deposits at US$1.1 trillion during the first quarter.

Agricultural Bank of China's vice president Pan Gongsheng has resigned "in line with the need of state financial work".

China’s recent benchmark interest rate cut and liberalization of the rate regime will hurt the profits of Chinese banks.

Total assets of China's banking sector jumped 19% year-on-year to US$16.8 trillion in 2011, said the People's Bank of China (PBOC), the central bank.

Commerzbank AG aims to grow its corporate banking business in China by as much as 30 percent this year.

China placed its banks under the regulatory supervision within the Basel III framework starting Jan.1, 2013.

Assets of China's banking sector grew by 19.1 percent in 2011 to 105.8 trillion yuan or 16.8 trillion U.S. dollars.

China raised the ceiling on deposit rates to 110 percent of the benchmark from 100 percent. This is in addition to the parallel 25-basis-point cut in the benchmark deposit and loan rates.

State-owned Noor Islamic Bank seeks more business in Singapore and Malaysia to benefit from growth in Southeast Asia.

Two of the largest banks in the United Arab Emirates will set up offices in China to boost trade between both nations.

China will delay the implementation of tough new bank rules until next year.