China

The $600mn transaction aims to strengthen the lender’s business network across Latin America and enhance our operating capability in the Americas.

China Merchants Bank's first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan or US$2.87 billion.

Despite cutting 10% of its total staff, the lender continues to employ in one of its high-growth markets.

Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.

Numerous articles have explored the usage of social media and marketing in the financial industry. Although our feeling is that no institution has really perfected their social networking strategy, most would claim that their engagement brings them closer to their customer and enables them to offer the products and services that their customers are looking for.

Cloud Computing is anticipated to reap potential revenue of USD 800 billion and the industry is being hailed by analysts as one of the most pervasive technologies to businesses since the widespread adoption of the internet.[1] China is seeking to capture around 19 percent of this market with anticipated revenues of USD 154 billion (or RMB 1 trillion).[2] The Chinese government views Cloud Computing as a great enabler for the future and has cited it as a ‘Strategic Emerging Industry’ within the 12th Five Year Plan. Across China, the level of investment from both state-owned and private enterprises is far outstripping the investments being made across the world. Cloud becomes an enabler for “virtualising a nation”.

CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.

The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.

The China Banking Regulatory Commission has approved the establishment of a regional bank in the Tibet Autonomous Region with initial capital adding up to 1.5 billion yuan or 233 million U.S. dollars.

The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.

Bank of China announced that it has provided more than 12 billion yuan or 1.9 billion U.S. dollars of loans to support Tibet's development over the past ten years.

The lender opted to not to raise capital despite regulator’s imposition of tougher requirements.

The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes in mainland banks.

The lender to issue up to 2.2 shares for every 10 existing shares to comply with stricter capital requirement in China.

Despite its lock-up period will begin expiring in July, none of the bank's key investors in its Hong Kong shares have hinted of selling their stake,

Sberbank would offer its shares in China during a global roadshow this fall.