ICBC opens first France branch
2011-01-20 09:54:06
The Industrial and Commercial Bank of China (ICBC) inaugurated its first French branch in Paris on Tuesday.
Banks rein in property loans
2011-01-19 16:55:32
China's commercial banks are reining in property loans, with some even raising previously preferential interest rates to the benchmark level, the 21st Century Business Herald reported Wednesday.
UBS to double headcount in China
2011-01-19 15:32:29
UBS AG said on Tuesday that it is on track to double its headcount in China over the next three to five years.
PBOC cuts 2011 banks' lending target
2011-01-19 11:19:55
The People's Bank of China (PBOC), the nation's central bank, is reported to have cut its 2011 lending target for banks by 10 percent from last year in a bid to slow free-wheeling lending and tame inflation.
BOC chairman confirms repeal of national credit line
2011-01-18 13:45:15
Bank of China Ltd (BOC) will grant new yuan loans according to capital adequacy rate and other indicators as the central government has repealed the national credit line, National Business Daily reported Tuesday, citing Xiao Gang, chairman of BOC.
CBRC to focus on credit, liquidity
2011-01-18 09:45:20
The China Banking Regulatory Commission (CBRC) said on Monday it will put curbing credit and liquidity risks at the top of its agenda of banking regulation in 2011 and promote reasonable lending to efficiently serve the economy.
China plans calibrated bank reserve ratios
2011-01-17 16:18:32
China's central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said on Monday.
China's ICBC to add branches in Europe
2011-01-17 10:55:57
Industrial and Commercial Bank of China (ICBC) will more than double the number of branches in Europe in coming weeks to expand its global footprint, the Wall Street Journal reported in its online edition on Sunday.
China's bankcard transactions hit new high in 2010
2011-01-15 10:59:36
China's bankcard transactions jumped 46 percent to 11.2 trillion yuan ($1.67 trillion) in 2010 from a year earlier, according to latest figures by China UnionPay Co Ltd (CUP) Friday.
Commercial banks urged to trade bonds
2011-01-15 09:54:47
China will encourage listed commercial banks to trade bonds on the stock exchanges in a move to substantially increase the proportion of direct financing, the country's top securities regulator said on Friday.
China's bankcard transactions hit new high
2011-01-14 17:55:27
China's bankcard transactions jumped 46 percent to 11.2 trillion yuan ($1.67 trillion) in 2010 from a year earlier, according to latest figures by China UnionPay Co Ltd (CUP) Friday.
China to increase yuan flexibility
2011-01-14 14:22:10
China will increase the flexibility of its yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.