Stable yuan to help internationalization moves: Economist
2010-09-03 09:43:50
A more stable, not flexible, yuan would help China's effort to internationalize the currency while foreign pressure on faster yuan appreciation is "counter-productive", said Ronald McKinnon, professor of international economics at Stanford University.
Renminbi internationalization a delicate issue
Special: China Advances Yuan Rate Reform
PBOC injects 70b yuan into money market this week
2010-09-03 09:01:02
China's central bank added 70 billion yuan ($10.3 billion) of liquidity to the nation's banking system this week, after it completed its weekly open market operations Thursday.
China Pacific plans $735m investment in regional bank
2010-09-02 12:05:15
China Pacific Insurance, the country's third-largest life insurer by premium, plans to invest 5 billion yuan in Shanghai Rural Commercial Bank's (SRCB) private placement, Shanghai Securities News reported Wednesday, citing a source familiar with the matter.
Ping An, Shenzhen bank unveil merger plan
2010-09-02 11:43:27
Ping An Insurance (Group) Co, China's second-largest insurer listed on the Hong Kong and Shanghai stock exchanges, plans to merge its banking unit Ping An Bank with Shenzhen Development Bank Co.
Mergers in rural banks encouraged
2010-09-02 09:44:35
The banking regulator said on Tuesday that it is pushing mergers and acquisitions (M&A) among the country's rural credit cooperatives (RCC) in a bid to reduce their high credit risks.
Fed approves CIC's buy of Morgan Stanley shares
2010-09-01 16:24:58
The Federal Reserve has approved China Investment Corp's (CIC) request to take up to 10 percent voting shares in Morgan Stanley, Reuters said Wednesday.
Bank regulator to curb speculative property investment
2010-09-01 10:22:19
China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday.
ABC to resume loans to property developers in Sept
2010-08-31 09:28:08
Agricultural Bank of China (ABC) said on Monday that it will continue to give out loans to property developers and is likely to post a better-than-expected full-year net profit, thanks to the robust growth of its rural business and lower credit costs.
PBOC launches 2nd super online banking system
2010-08-30 17:16:26
The People’s Bank of China (PBOC), China’s central bank, opened its second-generation online banking services Monday, enabling customers to transfer money among accounts at different commercial banks.
China's listed banks H1 net profit up 46%
2010-08-30 15:01:24
China's listed banks reported a 45.67-percent rise in combined net profits year-on-year during the first half.
China's ABC profit jumps 40% on business expansion
2010-08-28 14:41:56
The Agricultural Bank of China (ABC), the country's largest rural lender, said Friday that its net profit in the first half year jumped 40.2 percent on the expansion of rural business.
China's major fund managers cash in on high management fees
2010-08-27 15:10:45
China's major fund managers reported high profits for the first half of this year despite investors' huge losses after buying their funds.