China
CIPS to debut in Shanghai in 2014
3Part of campaign to internationalize the RMB.
Eight Chinese banks accept payments made using NFC
Smartphones need an app called “Wallet” to use NFC.
Big Four state-owned banks are world’s richest
Dominate list of banks with highest net interest income.
China is revamping troubled financial sector
Ten guidelines support transition to consumer-driven economy.
Chinese banks boost loans to SMEs
Lending hits US$2.58 trillion in May.
PBOC to adjust liquidity when needed
China’s economic growth facing massive downward pressures.
CCB will open in Luxembourg
Will become third Chinese bank to do so.
China orders banks to register WMPs
Tightens oversight of controversial financial product.
Small Chinese banks dumping NPLs
Liquidating NPL assets to control related risks.
China to tame shadow banking using more policy tools
A liquidity squeeze is only one of these tools.
PBOC releases first-half results
To maintain a prodent monetary policy in H2.
What Chinese banks must have learned from interbank rate hike
Interbank business to shrink for some firms.
China's total social financing the lowest since April 2012 at CNY1.04t
Bond issuance fell to just CNY44bn in June.
Uninformed Chinese seeking WMPs besiege PBOC branch
Central bank shocked by mob at Beihai branch.
PBOC expands use of RMB in cross-border loans
Allows non-financial companies to loan overseas affiliates.
China increases QFII investment quota
Now stands at US$150 billion.
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