Lending & Credit
China to liberalize interest rates further
Aim is to allow the financial sector to better serve the real economy.
China to liberalize interest rates further
Aim is to allow the financial sector to better serve the real economy.
Local government debt remains grave challenge to China’s banking system
Debts are a heavy burden on public finance.
Tharman reappointed MAS board chairman
He will serve until May 31, 2015.
HSBC developing tailor-made financial services
Targets are Chinese companies planning overseas ventures in Europe.
Urgent action needed to solve China’s massive debt problem
Inaction could result in a damaging hard landing for the economy.
Galaxy Securities takes in US$1.07 billion from HK IPO
It’s one of Hong Kong’s largest deals since late 2012.
Chinese banks threatened by sixth straight quarter of rising NPL since 2011
NPL ratio rose to 0.96% by end-March.
BOC Hong Kong backs SME financing
Launches privileged guarantee fee subsidy.
Philippine banks' real estate exposure reaches PHP821.7b
It surpassed the 20% cap on real estate loans.
Bank funding for Korean firms in India eased
Banks sign memorandum of understanding to support SMEs.
Top Chinese banks flunk government audit
Two Big Four banks cited for improper financial management.
Bank loans fall 33% in April
Money supply rises 16.1%, however.
China’s shadow banking sector now valued at over U$5.8t
It's 69% of China's GDP.
BoCom to allow conversion of Aussie dollar into renminbi
Conversion to begin in 2014 as part of the renminbi’s internationalization.
National Australia Bank cuts standard variable home loan rates to 6.13%
It's the lowest of the major banks for 46 months.
Commonwealth Bank, Westpac cut interest rates by 0.25% for home owners
That is for standard variable home loans.
Bad loans up, asset quality down for big Chinese banks
Fourteen of 16 banks report rise in bad loans.