China

Regulatory tightening was already imposed in China.

Wants retail to account for 50% of total income by 2016.

New rules immediately cause renmnbi to fall against the US dollar.

Fourteen of 16 banks report rise in bad loans.

Net profit was only RMB47b.

Loans exceed deposits at a faster pace.

Growth rate will keep slowing as margins ease, however.

Check out BOC's results here.

NIM compression will bottom out in 2Q13.

Find out how profits grew 16%.

4 key positives revealed here.

RMB payments grew 249% since March 2012.

But asset growth decelerated to 2.7%.

In the recently concluded 5th BRICS Summit in Durban, South Africa proposals for a new BRICS led development bank were floated and discussed. While the summit failed to finalize plans on the proposed bank’s operations and structure, a ‘broad consensus’ has emerged within the BRICS nations for the need of an alternate multi-lateral development agency operating outside the ambit of the World Bank and its sister agencies.

It's US$5.4 billion more than 2012.

It reached RMB 103.61 trillion in March.