China

Let’s face it: those developed economies, that once were the ones spinning the globe including Japan, are currently fire-fighting their daily affairs of debt crisis, unemployment and so on. Emerging markets like South America, China, India and Indonesia are now taking the lead with unprecedented growth surge.

It all started in the 1980s when Outsourcing first come into sight in the IT industry. This was the time when companies acknowledged the benefits of having IT service partners in development of complex systems, and improved the way that a business process or service is managed. It paved the way for advent of a new genre of business approach, termed “Outsourcing” and in today’s world it has become an entity, important at that, enhancing every business system.

Over the last few months, investors have frequently expressed to me their concerns about the change of leadership in Beijing likely to take place in the autumn of this year and what that might mean for the pace of reform in China’s economy and markets.

ICBC's net profit for January to December period gained 26% to CNY208.27 billion or US$33 billion from CNY165.16 billion.

China Construction Bank registered a 25.48% growth in its $26.89 billion net profit in 2011.

Seven of China’s leading banks lean on interest income to book record profits.

China Minsheng Banking Corporation, Ltd needs some US$1.4 billion to meet tougher government regulations.

The Industrial and Commercial Bank of China's assets and lending double, thanks to the booming demand for trade financing.

ECTK will buy ATMs H22N/L and E300L from GRGBanking to provide service to local banks and financial institutions.

Research shows the banks' overdue loan ratios have a close correlation with their NPL ratios.

Shanghai-based Bank of Communications intends to offer the world’s largest share sale since May 2011.

Senior management of China's financial enterprises under the central government will have less discretion in running their firms.

Rising net interest incomes, commissions and lower operation costs pushed the earnings of Shanghai Pudong Development Bank up 42.28% year-on-year.

Its revenue also rose 21% to US$331.59m.

Chinese banks extended 710.7 billion yuan or $112.5 billion in new loans in February, well below market expectations of 750 billion yuan.

The Big Four Chinese banks ramp up lending in an effort to stave off a further weakening of the Chinese economy.