China

ICBC chip cards have surpassed 11 million as of the end of March this year.

The lender’s revenue up 37% to $2.64bn while its net interest income soars 32.8% to $2.06bn.

CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.

Representatives from both parties will conduct regular bi-annual meeting to gradually clear obstacles on Cross-Strait Banking Supervision Cooperation.

ICBC surpasses first-quarter profit performance of JP Morgan, most profitable bank in the US, by 49%.

Earnings rise continue amid government moves to restrain 5.4% inflation in the second largest economy.

Take it with a grain of salt. Many media reported that a PBoC advisor, XIA Bin, said China needs only "US$1tn reserves" and it will not rule out a one-time appreciation.

China's small-loan business kept expanded rapidly in the first quarter with additional  3,027 small loan companies by end of March.

PBoC governor Zhou Xiaochuan said China’s FX exceeded US$3tn at end March, way above necessary levels.

Aside from challenging credit curbs, the wealth products are also a form of financial experimentation in China that lay the foundation for a liberalised interest rate market.

China’s central bank had already hiked banks' reserve requirement ratio thrice as it steps up drive to tighten excess liquidity amid concerns about rising inflation.

ICBC eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.

The lender pursues fundraising plans despite its statement last March 2010 emphasizing that it would have no need to raise additional capital for the next three years.

DBS China is on track for 50 outlets by 2013, with plans to open a total of at least eight new branches and sub-branches in 2011.

Compliance to stricter rules aims to ensure that banks have sufficient capital to be ready for a crisis that would minimize any government bailout.

Industrial and Commercial Bank of China Ltd. will increase its global footprint by setting up branches in India, Pakistan and Brazil.