China

Standard Chartered Bank launched Global Link, a one-stop online banking service for high net worth clients with accounts in other countries.

Industrial and Commercial Bank of China expects significant growth in its personal consumer loan business over the next five years.

Fubon Financial is considering opening rural banks in China in an effort to tap the mainland's fast-growing rural economy.

Move aims to comply with regulatory requirements based on Basel III agreement.

67.4% of companies in China experienced overdue payment in domestic sales in 2010.

By June, Bank of East Asia will have 22 branches in  the Chinese mainland.

ICBC handled more than US$22.83 billion or 150 billion yuan of cross-border trade settled in its own currency in January. This is according to a statement released on the bank's website.

An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.

China Development Bank witnessed the robust growth of grassroots finance in 2010.

ICBC will increase core competence and maintain sustainable development through process restructuring, improved innovation and service capability.

ABC will hold 51 per cent stake of Jiahe Life, becoming the controlling shareholder. Shares held by the former five shareholders of Jiahe Life accounted for 49 per cent of the total, with 9.8 per cent respectively.

Maybank has entered into a strategic partnership with Xinhua News Agency.

China's banking regulator announced that the country's commercial banks had improved their capital adequacy at the end of last year.

CCB is the only lender among China’s to four that is yet to get approval from Taiwanese regulator.

China’s central bank has vowed to adopt a more market-based system for setting interest rates but has proceeded cautiously.

ICBC agreed to loan at least US$9.1 billion to China's press and publication sector over the next five years.