Citigroup plans major expansion in China

2010-12-08 09:24:24

Citigroup Inc aims to triple the size of its branch network on the Chinese mainland to about 100 outlets within three years as the US bank vies with HSBC Holdings Plc for a bigger slice of the mainland's banking market.

China expands int'l yuan trade settlement trial firms

2010-12-07 10:42:02

China's central bank said late Monday that it had expanded a pilot program for cross-border yuan trade settlement to 67,359 exporters from the original 365 firms.

China to issue 32b yuan book-entry T-bonds

2010-12-02 10:31:26

China's Ministry of Finance said Wednesday it would sell 32.1 billion yuan ($4.8 billion) of five-year book-entry treasury bonds beginning on Thursday.

Bank of China opening Brussels branch

2010-12-01 13:31:33

Bank of China, the largest foreign currency business bank in China, will officially open a new branch next week in Brussels to meet the momentum of brisk Sino-European economic and trade cooperation.

Credit supply may top govt targets

2010-11-30 09:15:53

China's new loans in November may top 500 billion yuan ($75 billion), sparking speculation among analysts that the whole-year credit supply may exceed the central government's target of 7.5 trillion yuan.

ICBC extends $1.5b credit to post-Expo construction

2010-11-26 10:36:19

The Industrial and Commercial Bank of China (ICBC) Shanghai Branch announced on Thursday that it would authorize a 10 billion yuan ($1.5 billion) credit to Shanghai's Pudong New District to support its post-Expo construction projects.

Property price to fall moderately in '11: Report

2010-11-26 10:28:03

China will intensify its property tightening drive in 2011, pushing house prices down moderately, China Minsheng Banking Corp said on Thursday.

China to phase in new bank provisioning rules

2010-11-26 09:54:41

China will phase in planned changes to its loan-loss provisioning rules to give banks time to adapt, an official newspaper reported on Thursday.

China Mobile, SPDB agree on mobile finance co-op

2010-11-26 09:24:08

China Mobile, the world's largest mobile carrier, said on Thursday that it had signed an agreement of cooperation with the Shanghai Pudong Development Bank (SPDB) in areas of mobile finance and mobile e-commerce.

PBOC warns of risk of credit card debt

2010-11-26 09:02:53

China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.

China's Everbright plans to buy a trust firm

2010-11-25 13:16:29

China's Everbright Bank, the country's sixth-largest commercial bank, is considering buying a trust firm, its chairman said on Thursday.

Citigroup to double China staff in 3 years

2010-11-25 11:25:28

Citigroup Inc plans to double personnel in China to 10,000 over three years to better support Japanese companies moving into the country.