China

Bank of China-Temasek JV to launch first branches

JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.

Bank of China-Temasek JV to launch first branches

JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.

Central Huijin increases stake in major China banks

Central Huijin also said it will support rights issue plans of ICBC, BoC, and CCB.

China Merchants' Qin Xiao steps down as chairman

Former chair and president Fu Yuning poised to replace Qin, who resigned due to age.

HSBC to expand China presence

Lender to upgrade e-banking system as it is pushing for internationalization of renminbi.

Bank of China to add 39 branches overseas

Move prompted by rosy profit from overseas operation, which accounts for 25% of lender's total profit.

Bank of Communications pursues to double profits

Lender to concentrate on low capital and high incomes operations to achieve goal.

HSBC Life ventures into bancassurance in China

Policies that are sold through HSBC and other banks amounted to $12.6mln and exceeded targets.

China Life targets control over China Minsheng

Insurer’s chairman said it will strengthen non-insurance core businesses, including assets management, banking, securities, and trusts.

GRG wins recycling machines bid from Ziraat Bank

GRG HK, a wholly-owned subsidiary of GRG, had won a bid for 1250 units of recycling machine H68N from the Agricultural Bank of the Republic of Turkey.

China listed banks combined profit up 46%

ICBC leads banks with biggest profit for the first half at $12.42bln as lending boom reaped profits.

GRG Banking to launch cassettes management solution

The cash processing & self-service solution provider has developed a new solution transforming cash management into cassettes management.

GRG Banking wins 1000 ATM units order from Middle East

GRG Banking Equipment Co.,Ltd.’s new subsidiary, GRG Banking Equipment(HK) Co.,Ltd., secured an order to supply 1,000 units of automated teller machines for a Middle East bank.

Growth of ICBC, BOC seen to slow down

Lenders have peaked after ICBC and BOC second quarter profit up 38% and 15% respectively.

ICBC, BOC profits may reflect China banking industry’s strength

Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.

Central Huijin to inject $13bln into 2 firms

China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.

Central Huijin to issue RMB187.5 bonds

Earnings of sovereign wealth fund’s first bond sale to be used for Export-Import Bank of China.

HSBC China becomes market maker to trade RMB and Ringgit

Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.