China
China Everbright defers $6bln Hong Kong listing
Delay resulted from growing volatility in global markets even as the lender planned to price deal on July 8.
China Everbright defers $6bln Hong Kong listing
Delay resulted from growing volatility in global markets even as the lender planned to price deal on July 8.
UnionPay teams up with Huaxia Bank in cell-phone payments
China UnionPay signed a framework agreement with Huaxia Bank to cooperate in the field of cell-phone payment.
China to overtake US as world’s largest banking economy by 2023
CRBC says the total assets of foreign banks in China increased to RMB 1.74 tn at the end of 2010.
BofA’s $21bn stake in CCB may be offered for sale
BoA could use the proceeds to comply with tougher capital requirements that may be imposed by regulators for prevention of a repeat of the 2008 financial crisis.
China still supportive of commercial bank expansion
China Banking Regulatory Commission announced that it will keep approving domestic lenders' establishment of new branches.
China’s interbank repo rate surges to 8%
The Royal Bank of Scotland says this resulted from the recent 50 point hike in the central bank’s reserve requirement ratio.
Is China in the midst of a banking crisis?
Royal Bank of Scotland says the 24% rise in aggregate loan to GDP ratio followed by years of de-leveraging could lead to a banking crisis.
Debt threats: China’s alarming credit-to-GDP ratio jumps from 120% to 166% in March 2011
Total system credit financing also increased by 71% to Rmb26.7 tn during 2009 and 2010.
Chinese banks’ aggregated net profit up 33% to RMB 687.3 billion in 2010
The average ratio of non-performing loans of the 17 listed banks reduced from 1.58% at the end of 2009 to 1.14% at the end of 2010, says Ernst & Young.
HSBC and Citibank to apply as underwriter for more CNY bonds
The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities are already underwriting bonds.
Morgan Stanley and Huaxin launch JV
Morgan Stanley Huaxin Securities’ main thrust is underwriting CNY-denominated stocks and bonds for Chinese small-cap companies.
China Construction Bank mulls $12bn bond issue
The lender gets nod from shareholders to invest $100mn to set up a commercial bank unit in Sao Paulo.
China’s loan growth drops to 30-month low of 17%
25 more rate hikes are expected in the coming months.
China's central bank to enhance short-term bills release
The PBOC may defer its issuance of three-year central bank bills in its open market operations this week as it didn't ask lenders to report for the product’s demand.
Bank of China gets nod to bring CNY back to Mainland
Move is part of China’s scheme of globalizing the currency as many Chinese and foreign businesses tapping Hong Kong's burgeoning market for renminbi debt.
China’s banking regulator throws small business a lifeline
New rules lowering reserve ratio for loans to SME’s designed to get credit flowing back to the country’s suffering small businesses
China regulator lays down policies to aid SMEs
CBRC measure to help small businesses in some coastal areas whose condition at present is worse than during the peak of 2008 global financial crisis.
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