China mulls tougher capital rules for big banks

2010-12-30 10:27:04

Tougher capital rules may be required for China's biggest lenders that are systemically important, Reuters reported Thursday.

16 banks commit irregularities in forex transactions

2010-12-30 10:16:35

The State Administration of Foreign Exchange (SAFE), China's foreign exchange regulator, said Wednesday that 16 banks have been found to have committed irregularities in their foreign exchange transactions since October.

CITIC Bank Int'l opens Singapore branch

2010-12-30 10:12:47

The first Singapore branch of CITIC Bank International (CBI) opened Wednesday, as part of a regional expansion plan of its parent China CITIC Bank Corporation.

Price stability main target of monetary policy

2010-12-30 09:22:57

Price stability should always be the main target of China's monetary policy, a central bank official said Wednesday.

CCB's HK unit to challenge HSBC in mutual fund sales

2010-12-30 09:15:47

China Construction Bank Corp's Hong Kong unit targets at least 20 percent annual growth in revenue from selling investment products in the city, where the number of millionaires doubled last year, Bloomberg News reported Thursday.

Six Taiwan banks approved to open mainland branches

2010-12-29 14:56:25

The Chinese mainland has approved the applications of six Taiwan-based banks to open branches on the mainland, a mainland spokesman said Wednesday.

China's central bank vows to stabilize prices

2010-12-28 09:41:36

The People's Bank of China (PBOC), the country's central bank, reaffirmed Monday that it would give more prominence to stabilizing prices, and implementing a prudent monetary policy during the next year.

Underwriters predict surge of 'dim sum' bond sales

2010-12-25 10:49:56

HSBC Holdings Plc and Standard Chartered Plc, the biggest foreign underwriters of yuan bonds sold in Hong Kong, said sales will double in 2011 as demand outstrips supply and the yuan appreciates.

Taiwan banks begin to take an interest in the mainland

2010-12-25 10:35:20

Banks from Taiwan have started to develop their businesses on the mainland. The Bank of Taiwan and First Commercial Bank both signed comprehensive cooperation agreements with Bank of China (BOC) on Friday.

BOC signs co-op agreements with Taiwan banks

2010-12-25 09:44:38

Bank of China (BOC), China's fourth largest lender by assets, announced Friday that it had signed comprehensive cooperation agreements with with two Taiwan-based commercial banks.

China's 2011 money supply back to normal level: Official

2010-12-25 09:26:36

China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said Friday in a statement on its website, citing Deputy Governor Hu Xiaolian.

China's largest lender completes dual rights issue

2010-12-24 10:13:39

Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, announced Thursday that it has completed its 44.9 billion yuan($6.75 billion) rights issue in Shanghai and Hong Kong.