SPDB teams up with US bank to target SMEs

2010-12-23 11:32:12

Shanghai Pudong Development Bank (SPDB) said on Wednesday that it has signed an agreement with Silicon Valley Bank to set up a joint venture that caters to Chinese technology-based small- and medium-sized enterprises (SMEs), in a move to further strengthen the bank's leading position in SME banking services.

China launches new commercial debt product

2010-12-22 16:21:48

Three Chinese companies will issue China's first "super and short-term commercial paper" (SCP), Reuters reported Wednesday, citing the National Association of Financial Market Institutional Investors (NAFMII).

Bank of China HK to launch offshore RMB bond index

2010-12-21 10:39:49

Bank of China (Hong Kong) Limited is expected to launch the "Bank of China (Hong Kong) Offshore RMB Bond Index" on Dec 31, the first offshore RMB bond index in Hong Kong, the bank said Monday in a statement.

China to improve county-level financial services

2010-12-20 09:17:51

China's banking regulator will strengthen county-level financial services by expanding capital-raising channels and promoting financial innovation in order to support economic development, a senior official said Sunday.

China's banking regulator urges more prudent in lending

2010-12-17 09:29:18

China's banking regulator said Thursday it was requiring commercial banks in the country to be more prudent and strict in assessing credit risks amid concerns that new lending for the last month of the year could be more difficult to obtain.

Chongqing Rural Commercial Bank gains 3.8% at HK debut

2010-12-16 14:15:26

Chongqing Rural Commercial Bank, the first Chinese mainland-based rural bank listed on the Hong Kong Stock Exchange, started trading at HK$5.45 (70 cents) at its debut on Thursday, representing an increase of 3.8 percent from its offering price.

DBS enters into Chinese market

2010-12-16 10:40:54

Singapore-based DBS Group Holding, Southeast Asia's biggest bank, announced on Wednesday that it will take over Royal Bank of Scotland (RBS) Group Plc's retail and commercial banking portfolios in China.

Moody's: Chinese lenders still a good bet

2010-12-16 10:17:03

Although Chinese banks may not earn as much money as they used to, international investors should still be optimistic about big returns, said a senior official at Moody's Analytics.

Banks asked to be 'self-disciplined' in charging fees

2010-12-16 10:11:40

The China Banking Association (CBA) Wednesday asked the country's banks to be self-disciplined in charging for services to customers amid public concerns over various bank service fees.

China's banking refinancing pace to slow

2010-12-16 09:30:17

The refinancing pace of China's banking sector will slow after 13 listed commercial banks announced their refunding plans this year, reported the Shanghai Securities News Wednesday.

Temporary reserve ratio hike for 4 banks to continue

2010-12-14 17:14:18

China's central bank may have extended the temporary reserve ratio hike for four of the six banks for another three months in order to drain liquidity, the 21st Century Business Herald reported Tuesday.

Bank of China's CAR seen at 12% by year-end

2010-12-14 14:40:22

Bank of China will have a capital adequacy ratio (CAR) of at least 12 percent by the end of this year, Reuters reported Tuesday, citing China Securities News.