China
RMB now ranks 13th in the world payments currency list
It has already overtaken the Russian Rouble.
RMB now ranks 13th in the world payments currency list
It has already overtaken the Russian Rouble.
China gets tougher on shadow banking
New rules intend to slow explosive growth of the gray market.
Agricultural Bank of China reports record growth in loans to SMEs
Big Four bank said loans hit US$96 billion in 2012.
China to expand asset-backed securities businesses
Will lower threshold to allow securities companies to do this.
IFC unveils new financial instrument for RMB internationalization
Find out what IFC's Global Discount Note Program is about.
Banks take the lead expanding China, Gulf States ties
Biggest banks in China and the United Arab Emirates key to building closer financial ties.
China and England agree to a reciprocal 3-year RMB currency swap arrangement
The arrangement will be used to finance direct investment between the UK and China.
Bank lending to local government financing vehicles curbed
China urges local governments to abide by the rules to avert more bad loans.
ICBC's profit surged 69% to US$54m in Dubai
Thanks to stronger trade between China and Dubai.
Zhou to stay on as central bank boss
Media reports are swirling that Zhou Xiaochuan will keep his job.
Alibaba to finance Guangdong's small businesses
Alibaba will offer collateral-free credit loans to small business owners in Guangdong Province. It is building up its financing arm to tap its booming online business as more vendors move online to attract consumers.
Why China is the stalwart in Asia's cards and payments industry
For financial institutions and customer-centric executives, it has never been more important to focus on the rapidly developing cards and payments market. Now Asia is set to lead a card acceptance revolution with China’s UnionPay governing the charge.
Chinese banks' deposits grew RMB1.11t in January
Find out what factors spurred the growth.
Chinese banks' medium- to long-term loans finally rebound after a 2-month decline
Loans were up RMB309.8b in January.
China attends first FSB meeting in Switzerland
FSB passes Articles of Association and the Procedural Guidelines.
Aussie banks see limited growth in China
Lack of strategic options leads banks to reconsider additional investments in China’s banking sector.
Massive Wenzhou debt might wreck Chinese financial reforms
Court cases on private financing jumped to 20,000 in 2012.