China mulls better regulation of bank service pricing
2010-08-11 09:12:56
China's banking regulator said Tuesday that it is considering revising the bank service pricing regulation so bank costumers might enjoy better services.
ICBC announces plan to privatize, delist its HK unit
2010-08-11 08:49:05
Hong Kong-listed ICBC, or Industrial and Commercial Bank of China, on Tuesday announced a proposal to privatize and delist its subsidiary ICBC Asia, which is also listed at the Hong Kong stock exchange.
PBOC sells 33b yuan of 1-yr bills at yield of 2.0929%
2010-08-10 17:03:22
The People's Bank of China (PBOC), China's central bank, auctioned 33 billion yuan ($4.87 billion) of one-year bills at its regular open market operations Tuesday at a yield of 2.0929 percent.
Securities get shot in arm from bond buys
2010-08-10 11:56:15
China bought more Japanese bonds than it sold for a sixth straight month in June, heading for the biggest annual increase on record, helping fuel a rally in the securities that's seen yields reach a seven-low.
BAML to remain as general partner
2010-08-10 09:53:06
Bank of America-Merrill Lynch (BAML) will retain the general partner and fund manager functions of the $2.65 billion Asian Real Estate Opportunities Fund even after US private equity firm Blackstone Group takes over management control of the fund in September, a source familiar with the matter told China Daily on Monday.
Everbright to kick off online road show Monday
2010-08-07 09:43:28
China Everbright Bank, which plans to raise up to 20 billion yuan ($2.95 billion) in its initial public offering in Shanghai, said Friday it would launch an online road show next Monday to promote the issuing of its stock.
UnionPay launches cross-border service in HK
2010-08-07 09:27:05
The mainland credit card organization China UnionPay Friday launched a cross-border service enabling Hong Kong card holders to pay for utilities and telecom service bills in Shenzhen. It's the first time the cross-border bill paying service has been available.
Stress tests not signals of policy change: CBRC
2010-08-06 15:52:02
China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.
Five keys to successful banks
2010-08-06 14:04:57
The global financial crisis has apparently brought dramatic changes that will impact the banking industry. Three characteristics define the new era that bankers have entered.
China Everbright seeks 3-3.3 yuan IPO price range
2010-08-06 11:07:14
China Everbright Bank, which is looking to raise roughly $3 billion in an initial public offering (IPO) in Shanghai, will submit a price range of 3.0-3.3 yuan per share (44 cents - 49 cents) to the securities regulator for approval, a person with direct knowledge of the fundraising said on Friday.
China Construction Bank OK'ed to open Sydney branch
2010-08-06 10:29:22
China's second largest bank, the China Construction Bank, said it has been approved by the Australian Prudential Regulation Authority to set up a branch in Sydney.
Stress tests to test lenders
2010-08-06 10:29:51
The China Banking Regulatory Commission's (CBRC) plan to conduct stress tests on lenders to gauge the impact of a fall in property prices has triggered fresh concerns that the realty price dip may cast a shadow on China's economic growth.