China
ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011
ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance.
ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011
ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance.
ABC Strives to Build the Largest Financial Service Network in Tibet
The 209 outlets of Tibet Branch of Agricultural Bank of China Limited has been interconnected.
ABC firms up support for Xinjang development
Chinese banks and neighbor banks should enhance cooperation between Asia and Europe amd the rapid development of Xinjang, said Mr. Che Yingxin, Chairman of the Agricultural Bank of China.
Hua Nan inks deal with China Merchants Bank
The Taiwanese bank seeks to benefit from MOU with the Chinese bank to expand its operations in the Mainland.
Chinese banks' profits surged 34.5% to RMB 899.09b in 2010
Total assets also increased by 19.9% to a whopping RMB 95.3 trillion as of end-2010.
People's Bank of China a 'beacon of stability', says analyst
The recent PBoC fixes may have played a role in stalling the powerful bid for USD-AXJ amid liquidation dynamics in emerging markets.
Chinese banks extend lending to small firms
Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply.
Chinese banks ditched by wary investors at signs of credit bust
The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust.
Citi opens fourth lending company in China
Chongqing Beibei Citi Lending is the bank’s first lending company located in the western region of China.
Bank of Communications mulls issuing $4.1bn subordinated bonds
The CNY-denominated bonds seen to be released by mid-October.
China's Big Four see huge outflows
Sources suspected that a large chunk of the $65.75bn deposits have flowed to the high-yielding private lending markets.
China seen to lift suspension of city banks’ expansion
The regulator to assess lenders' interregional expansion after more than 30 of them have expanded beyond their home provinces.
Bank of China sets up first overseas commodity units in Singapore
This is the first time that a Chinese commercial bank has established such business overseas.
Deutsche Bank strikes deal with China Merchants Bank
The MOU to boost German lender’s presence in Asia, particularly in China.
Hang Seng China gets nod to set up Xiamen branch
The lender’s Xiamen branch is the second in West Coast Economic Zone after one in Fuzhou.
Bank of China stops foreign exchange trade with some Euro banks
Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.
Bank of China to employ GRGBanking cash reconciliation solution nationwide
F@ST Liquid Data is mainly for the reconciliation between ATM Switch data, ATM Journal data and branch data.
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