China

Bankcard transactions in China during the first half of 2011 reached 178.6 trillion yuan or US$27.9 trillion U.S. dollars.

China’s phenomenal economic growth over the past three decades has attracted much attention worldwide.

China asked American bank to sell only half its holdings in CCB.

Founder Securities will pay up to 1.5 billion yuanor $234 million for a stake in Shenjing Bank in northeastern China.

The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.

The Big Four’s new yuan loans in August is significantly lower than July's $77.07bn.

Temasek bought 4.4 billion shares of the Chinese lender, increasing its stake to 8.1%.

The sale has quelled fears that BoA’s shares would be dumped into the market.

Agricultural Bank of China's Jiangsu Branch registered deposits of RMB1,025.1 billion in June, accounting for 15.2% of the total deposits of Jiangsu banks.

In a rapidly evolving place like China, it is important that any investment strategy reflects the conditions on the ground; frequent visits to check on the progress being made on infrastructure and industrial development in various regions is a crucial component of Urdang’s approach to investing in global property securities.

Such deposits have a similar effect as 100-150bp reserve requirement ratio hikes.

Donald Lam was also appointed as head of corporate and commercial banking.

Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of cash.

Most of the 10 lenders had over 30% net profit rise in the same period.

The lender said its net interest margin has improved and has the potential to widen.

Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.