China

 

On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of Disputes Involving Foreign Invested Enterprises.

The lender follows move of other Chinese banks due to expected tighter loan policy in 2011.

Cooperation to include foreign exchange, trade finance, joint loans, interbank borrowing and staff exchanges.

 

The rural lender to provide deposit taking, agriculture-related lending and capital settlement services to rural residents and SMEs.

Located in the GRG industry park, Guangzhou, China, Joint Development Laboratory was unveiled by GRG Banking and Microsoft.

Chinese banks are seen to accelerate overseas expansion by boosting marketing strategies and providing services and financial instruments for high-end customers.

The lender has achieved the 75% of loan-to-deposit ratio required by the Chinese regulator.

The currency has become more attractive since China ended a two-year peg to the dollar and investors bet on further gains.

Chinese insurers cannot bid while foreign companies can bid for no more than a 20% stake.

The lender considers joining leading Chinese banks that have built presence in trust business by merging local trust companies.

The Indonesian bank to exploit growing business potential between Indonesia and China.

Moody's has assigned XacBank  a D- Bank Financial Strength Rating. The Mongolia-based bank also received a Ba3/NP for long- and short-term local currency deposit ratings; a B2 /NP for long- and short-term foreign currency deposit ratings; and a Ba3/NP for long-term local and foreign currency issuer ratings

Beijing supplied 12.63 million square meters of land for security housing projects and 1.64 million square meters for low-income housing.

The move enables Xinjiang companies to use renminbi to engage in business abroad, while allowing foreign companies make renminbi investment into Xinjiang companies.