CBRC announces measures to aid small businesses

2011-06-08 10:36:49

The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of favorable policies for lenders to offer more loans to small-scale enterprises.

Coal, property fuel private-capital boom

2011-06-08 09:48:19

In addition to their obsession with the nation's red-hot property market, many of them extend high-interest private loans, a semi-legal and largely unregulated business where the average annual interest rate is 30 percent.

Small business loans harder to get: Report

2011-06-03 18:03:24

Small businesses in China are finding it harder to get loans because of the country’s tightened monetary policy, data from a report by the Ministry of Industry and Information Technology showed, China Securities Journal reported on Thursday.

UnionPay cards to be accepted by Brazilian bank

2011-06-03 10:01:41

China UnionPay, the country's largest bank card payment processor, said Thursday that its cards will now be accepted by automatic teller machines (ATMs) owned by Brazilian bank Itau Unibanco starting from June 2.

Macro-prudential policy framework urged

2011-06-02 11:00:28

The time is right for China to adopt a macro-prudential policy framework in order to facilitate financial reforms in the post-global financial crisis era, the country's central bank governor said Wednesday.

Write-off plan may boost nation's banks

2011-06-02 09:53:42

China's top banks are expected to receive a short-term boost from a plan to have Beijing write off local government debt. However, the move highlights concerns looming over the future impact of the country's lending spree.

Citi to form China securities venture

2011-06-01 15:01:40

Citigroup Inc is expected to sign an agreement this month with China's Oriental Securities Co to set up an investment banking venture, the Securities Times reported on Wednesday, citing unidentified sources.

CCB not rule out merger with Russian banks

2011-05-31 17:27:48

China Construction Bank (CCB) did not rule out the possibility of acquisitions of Russian commercial banks or investment in Russian banking field, CCB President Zhang Jianguo said Monday.

ABC set to issue bonds to boost CAR

2011-05-31 10:23:24

Agricultural Bank of China Ltd (ABC), the country's third-biggest lender by assets, will sell 40 billion yuan ($6.17 billion) of subordinated bonds from June 2 to 7, according to a statement.

China Construction Bank opens first office in Russia

2011-05-31 09:24:37

China Construction Bank (CCB) said on Monday that its first representative office in Russia has opened in Moscow.

Bocom looks to lure workers with higher pay

2011-05-28 10:24:46

Bocom International Holdings Ltd, the overseas securities unit of China's fifth-largest lender, plans to hire staff from foreign rivals to help it reach a target of doubling investment banking revenue this year.

China Unionpay issues first debit card in Laos

2011-05-27 11:21:37

China Unionpay, a national bank card association, said on Thursday that it has issued its first Unionpay debit card in the People's Democratic Republic of Laos.