China
ICBC offers equipment leasing service for SMEs
ICBC Leasing has provided equipment leasing service for 300+ SMEs with credit facility totaling over RMB 5 billion in 2011.
ICBC offers equipment leasing service for SMEs
ICBC Leasing has provided equipment leasing service for 300+ SMEs with credit facility totaling over RMB 5 billion in 2011.
ICBC registers over $158.7B in cross-border RMB business
ICBC registered over US$158.7 billion or RMB 1 trillion in cross-border RMB business by end-2011.
ICBC Beijing posts over 60% growth in small business loans in 2011
ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.
China's bank lending drops by almost a third in January
Fear of inflation is keeping bank lending in check in a big way.
Loans from China's Big 4 hit $50.8M in January
China's "Big 4" banks extended about US$50.8 million of new loans in January, reports China Securities Journal.
China bends over backwards for its banking industry
Regulators are inclined to give Chinese banks more time to meet tougher capital rules requirements.
Western credit cards finally invade China
Citigroup, Inc. has become the first western bank and the second foreign bank permitted to issue its own credit card brand in China. It is the world’s largest issuer of credit cards.
GRGBanking presents cash recycler in Europe
The Multi-Function Cash Recycler H68NL works with Palm Vein Biometric Solution and Video Analyzer Tool.
China tells banks to boost the “real economy”
China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy.
Graph of the Week: China's dwindling deposits
China’s deposits are slowing down which may force banks to raise more money.
Deposit woes continue to haunt China’s banking sector
In a recent teleconference, Fitch analyst Charlene Chu warned earnings growth is not strong enough and banks will be forced to raise equity.
Credit markets may have been too pessimistic
Beyond the noise generated by the European sovereign debt crisis and the seemingly unending debate about reducing the U.S. federal fiscal deficit, we believe macroeconomic fundamentals are evolving just as they might be expected to in the wake of the financial crisis of 2008-2009.
China to make Shanghai global RMB center by 2015
China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015.
China Ex-Im Bank lends $41M for Bahamas projects
China's state-owned Export-Import Bank will will provide a $41 million loan for the bridge and port in the Bahamas.
StanChart sees big opportunities in Chinese, Indian markets
Standard Chartered is encouraged by the policy outlook for India and China this year.
ICBC promotes consumer upgrade with innovative payment services
THe total value of transactions using ICBC bank cards surpassed RMB 3.2 trillion.
ICBC extends RMB 4.7B petty loans to county households in 2011
ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion.