China

Rich banks not lending enough money to real economy

The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.

Rich banks not lending enough money to real economy

The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.

ICBC completes acquisition of U.S. bank

The US$140 deal was signed in January 2011 and approved by the Fed in May.

Report shows Chinese banks lack transparency

Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.

Agricultural Bank of China VP Yang Kun resigns

The Agricultural Bank of China announced that its vice president Yang Kun has resigned.

Chinese bank opens for business in Sweden

Bank of China has opened the first Chinese bank branch in the Nordic region.

Surprise Chinese banking rate cut continues to backfire

Fears spread as the Chinese central bank recently reduced its main lending rate by 0.31 percentage points to 6%.

China considers DIS to mitigate coming bank failures

The souring economy is forcing China to hedge against bank bankruptcies.

Chinese banks to see lower profits this year

The banking sector could see a large drop in profits this year due to domestic and international financial turmoil.

Will China continue to benefit from Europe's financial turmoil?

Reports say that Chinese banks grabbed a third of global banking profits in 2011 as European banks retrench - but will this last?

Chinese banks grab a third of global banking profits in 2011

Europe’s punishing financial turmoil has been good for China’s Big Four banks.

Big Four bank ramps up overseas presence

Armed with ample cash, China’s second largest bank will now accelerate its overseas expansion.

10 Taiwanese banks may now set up mainland branches

China has given permisssion to ten Taiwanese banks to establish branches on the mainland.

BoC becomes first mainland bank to open branch in Taiwan

The Bank of China became the first mainland bank to commercially operate in Taiwan with the opening of its Taipei branch.

China’s state-run banks could be in trouble

While not downgraded by credit ratings agencies, China’s huge state-owned banks are cause for serious concern in the weakening economy.

Big Four Chinese bank to open in Canada

Agricultural Bank of China continues its North American expansion.

China and Brazil sign banking supervision agreement

A new agreement improves government oversight of their banks in each country.

ICBC promotes equipment leasing service to SMEs

ICBC branches are aggressively marketing the bank's equipment leasing service to SMEs to address their difficulty in accessing bank loan for production upgrade.