ABC shares drop below IPO price
2010-09-20 09:36:06
The first-ever depreciation of Agricultural Bank of China (ABC) stock led declines in China banking shares, pulling down the Shanghai Composite Index to its lowest weekly point since July.
Special Coverage: Focus on ABC's IPO Plan
China to sell 20b yuan short-term T-bonds next week
2010-09-19 09:58:25
China's Ministry of Finance said on Sept 17 it will sell a batch of book-entry discount treasury bonds with a total face value of 20 billion yuan ($2.98 billion) from next week.
RBS set to clinch deal with Chinese partner
2010-09-19 09:55:56
Royal Bank of Scotland Group Plc (RBS) reached an accord to start a venture with Guolian Securities Co, paving the way for the UK's biggest state-owned bank to manage stock sales in China, said people with knowledge of the matter.
China to unveil roadmap of capital regulation on banks
2010-09-19 09:52:26
China's banking regulator will unveil the country's main framework and roadmap of capital regulation on commercial banks in due time, officials said Friday.
CBRC sees little impact from Basel III on banks
2010-09-19 09:21:20
The China Banking Regulatory Commission (CBRC) on Friday said the new capital standards set by global regulators will have a limited impact on Chinese banks in the short term.
China to unveil capital regulation roadmap on banks
Supervision on 'grass-root' financial firms urged
2010-09-17 15:29:59
Economic experts suggested Thursday that Chinese State-owned banks should be authorized to supervise "grass-root" financial companies, the entities which provide small loans to grass-roots businesses.
Taiwan banks get nod to establish branches in Chinese mainland
2010-09-16 17:14:34
The China Banking Regulatory Commission said on Thursday that it has given approval for the first four Taiwan-based banks to set up branches in the mainland.
China UnionPay appoints Kenyan bank agent in East Africa
2010-09-16 14:14:03
Kenya's Equity Bank has signed up with the China UnionPay to allow its customers in Kenya and throughout East Africa to make transactions from Equity's ATMs and Points of Sale.
NDRC to review status of stimulus driven projects
2010-09-16 10:52:34
The National Development and Reform Commission (NDRC) will launch another round of inspections this month on the status of investment projects under the 4-trillion-yuan ($586 billion) stimulus package.
UnionPay, MasterCard sign cooperation deal
2010-09-15 10:29:37
China UnionPay and MasterCard Worldwide announced Tuesday that they have signed a Memorandum of Understanding for future business development.
China to introduce credit-default swaps
2010-09-15 09:33:14
China will introduce credit-default swaps by the year-end, allowing banks to hedge risk while restricting the contracts to avoid pitfalls the US credit markets experienced over the last several years, according to an official with a Chinese financial association.
Online banking fails to shine
2010-09-14 10:10:08
A recent online survey by web portal Tencent.com showed that 96 percent of the people polled worried that the central bank's recently-launched online banking system would lead to higher bank fees.