UnionPay signs memo with Singapore Tourism Board
2010-09-08 16:10:15
China UnionPay Co Ltd (CUP), a Chinese bankcard services provider, announced Wednesday it has signed a memorandum with Singapore Tourism Board (STB) to further facilitate CUP bankcard services in the city-state.
CBRC may require new bank loan reserve ratio
2010-09-08 14:43:20
China's banking regulator may require commercial banks to set aside 2.5 percent of their loans as reserves, the Shanghai Securities News reported Wednesday.
Foreign banks apply to invest in yuan bonds
2010-09-08 13:37:13
Several overseas banks including HSBC Holdings Plc, Standard Chartered Plc and the Bank of East Asia have already submitted their applications for investment quotas on the mainland's interbank market, the Shanghai Securities News reported Tuesday.
Macao banks international assets up 4.7% in Q2
2010-09-08 11:35:06
The total international assets of Macao banks for the second quarter of this year reached $48.5 billion, an increase of 16.5 percent over the same period of last year.
Properties used as collateral for 3rd home loans
2010-09-07 14:21:59
Some banks in Shanghai are extending loans to individuals for third-home purchases if they use one of their properties as collateral, the China Business News reported Tuesday.
Companies expect teething troubles in settlement process
2010-09-07 11:43:08
Companies have raised concerns over the usage of the yuan in cross-border trade due to limited settlement services provided by overseas and domestic lenders, analysts said.
Cross-border yuan trade to boost liquidity
2010-09-07 10:18:18
Liquidity levels in the capital markets will improve and foreign exchange borrowing costs will reduce as more companies start settling cross-border trade with yuan, said analysts.
Bank of China plans bond sale
2010-09-04 15:35:15
Bank of China Ltd will sell up to 5 billion yuan ($735 million) of two- and three-year yuan-denominated bonds in Hong Kong on Sept 8, according to a person familiar with the matter.
Policy bank extends $133.63b loans to western regions
2010-09-04 11:33:21
Agricultural Development Bank of China (ADBC), one of the country's policy lenders, said Friday it had issued loans of 909 billion yuan ($133.63 billion) to China's western regions since 2000.
Lenders still on a strong footing: Economists
2010-09-04 09:14:42
Higher interest rates on bank deposits will not have much of an impact on Chinese lenders, a senior government think-tank economist said on Friday.
Ping An, SDB shares surge in Shanghai
2010-09-03 11:32:57
Ping An Insurance (Group) Co and Shenzhen Development Bank shares surged in Shanghai on Thursday in anticipation of better profits after the former decided to acquire a controlling stake in the latter late on Wednesday.
Foreign lenders fight it out in private banking turf
2010-09-03 09:57:07
The explosive growth in China's affluent population, riding on the nation's boom, has led the nascent private banking sector to become a red-hot battlefield for foreign banks.