China

New RMB loans down to RMB 667b in May

Growth was offset by the low ST corporate loans.

New RMB loans down to RMB 667b in May

Growth was offset by the low ST corporate loans.

Citi China launches Citi Mobile Collect

Find out what the major differentiating factors are.

PBOC warns anew against shadow banking

Says there is a need to strengthen disclosure.

New Chinese bank loans fall 9%

Drops to US$107.6 billion in May.

Shanghai to trial renminbi convertibility

Intends to to test convertibility at the Qianhai zone.

China extends freeze on IPOs

Continuing hike in bad loans forces extension.

China to introduce deposit insurance system

Will lay the basis for interest rate liberalization in banking sector.

China's shadow banking danger to escalate in 2015

Moody's sees no immediate meltdown in China's shadow banking, however.

ICBC to open RMB center in Luxembourg

Spurred by successful US$1.7 billion trade last year.

ICBC executive appointed head of CIC

Li Xiaopeng heads China’s sovereign wealth fund with over US$410 billion in assets.

New rules dampen demand for WMPs

These also threaten banks’ profits, however.

China to liberalize interest rates further

Aim is to allow the financial sector to better serve the real economy.

CCB buys stake in 2nd biggest Russian bank

China Construction Bank among buyers of a 55% stake in VTB Bank.

ICBC loses Goldman Sachs investment

US investment firm makes US$1.1 billion by selling remaining ICBC shares.

AgBank VP fired for taking huge bribes

Yang Kun is highest-ranking bank executive to be investigated for corruption.

Urgent action needed to solve China’s massive debt problem

Inaction could result in a damaging hard landing for the economy.