Chinese banks' forex surplus hits $29.1b in Aug
2010-09-29 09:22:07
The State Administration of Foreign Exchange (SAFE) said Tuesday Chinese banks' foreign exchange surplus on behalf of clients hit $29.1 billion in August, up 9.4 percent from the previous month.
China UnionPay expands bankcard network in Brazil
2010-09-28 15:43:09
China UnionPay Co Ltd (CUP), a Chinese bankcard services provider, said Monday it has expanded its card acceptance services in Brazil with the signing of cooperation agreements with two Brazilian financial institutions.
Thailand's central bank to open representative office in China
2010-09-28 15:10:21
China's central bank said on Tuesday it had signed an agreement with the Bank of Thailand, the central bank of Thailand, for it to open a representative office in China.
DBS charts big plans to hike revenue from mainland
2010-09-28 10:19:38
Southeast Asia's biggest bank DBS Group Holdings Ltd plans to draw up to 10 percent of its revenue from the Chinese mainland within ten years, an increase from the current 3 percent.
Banks permitted to sell each other loans
2010-09-27 10:03:30
Twenty-one banks agreed in Shanghai on Saturday to sell loans on China's interbank market after the government allowed the transactions for the first time.
Mainland bank sets up first representative office in Taiwan
2010-09-25 10:24:49
Bank of Communications (BOCOM), China's fifth largest lender by assets, Friday announced that it had established a representative office in Taiwan, the first such office set up by a bank from the Chinese mainland.
China to improve financial services in rural areas
2010-09-23 15:29:14
China's large rural population has no easy access to basic financial services like deposit taking and cash withdrawal.
China's 1st credit asset trading regulations released
2010-09-22 09:02:59
Beijing Financial Assets Exchange (BFAE) officially released credit asset trading regulations on Sept 20. Since there are no precedents in China, the release of the BFAE credit asset trading regulations indicated that the credit asset trading market now has to abide by regulations for the first time.
China's 1st credit asset trading regulations released
2010-09-21 17:40:31
Beijing Financial Assets Exchange (BFAE) officially released credit asset trading regulations on September 20.
Aussie ANZ gets green light to bank in China
2010-09-21 14:09:54
ANZ Banking Group Ltd, the fourth largest bank in Australia, will begin lending and banking operations in China on Oct 1 after its wholly owned ANZ Bank China Company Ltd received regulatory approval.
China-based UnionPay card launched in Fiji
2010-09-21 11:43:11
The China-based UnionPay card was launched in Fiji on Monday, Fiji became the first Pacific island country to have the services apart from Australia and New Zealand.
State banks raise provision ratio above 2.5%
2010-09-20 15:45:10
China's five major State-owned banks have all raised their provision ratio to above 2.5 percent to cover potential non-performing loans (NPL), Reuters reported, citing China Securities Journal.