China embarks on journey to manage liquidity
2010-01-14 10:35:37
China has moved and is expected to take more steps to rein in excessive money supply, which resulted in rising concerns of inflation and a bubble in the property market, experts say.
Santander, CCB plan joint venture
2010-01-13 08:09:35
China Construction Bank (CCB) and Europe's second largest lender Banco Santander, are planning to set up a joint financial holding company and open 100 village banks in the country over the next three years, people familiar with the matter told China Daily.
Bank reserve ratio raised to curb lending
2010-01-13 07:52:26
The central bank yesterday raised the reserve requirement ratio - the proportion of deposits that banks must hold in reserve - in a clear sign that it was determined to drain excessive liquidity in the market and curb lending.
BOC likely to raise 50b yuan from equities
2010-01-11 07:59:19
Bank of China (BOC), the country's largest foreign exchange lender, is likely to raise a maximum 50 billion yuan from the equity market this year to shore up its capital strength, a source close to the bank said.
Three consumer finance companies get green light
2010-01-08 08:06:14
The banking regulator has approved three banks' plans to set up consumer financing companies, as part of the government's efforts to boost domestic consumption.
China to open three consumer financing companies
2010-01-07 09:21:40
China's banking regulator Wednesday approved the establishment of the country's first three consumer financing companies, which are scheduled to be started in Shanghai, Beijing and Chengdu.
Pudong Bank FY net profit up 5.4%
2010-01-06 08:04:48
Shanghai Pudong Development Bank (SPDB), a medium-sized commercial bank, said its net profit grew 5.4 percent to 13.2 billion yuan last year.
Buffers have limited risks: CBRC chief
2010-01-05 08:06:12
China's banking regulation chief said lenders have "more than" enough capital and urged them to extend credit to consumers and smaller companies.
ABC plans 150b yuan public float
2010-01-05 08:06:12
Agricultural Bank of China (ABC), the only bank among the Big Four State-run lenders yet to float shares, is planning to raise up to 150 billion yuan ($21.97 billion) through a dual listing in Shanghai and Hong Kong as early as April this year.
Chinese banks report lower bad loan ratio
2009-12-31 15:14:11
Chinese commercial banks saw their bad loan ratio decline to 1.6 percent by the end of November, China Banking Association said Wednesday in a statement on its Website.
Hang Seng Bank to open first cross-city sub-branch
2009-12-31 15:56:39
Hang Seng Bank, the second-largest bank in Hong Kong, today announced it has received permission from the Guangdong branch of the China Banking Regulatory Commission (CBRC) to open its first cross-city sub-branch.
Central bank governor reaffirms moderately loose monetary policy
2009-12-31 14:18:38
Zhou Xiaochuan, governor with the People's Bank of China, or the central bank, reiterated Thursday that the bank will maintain the moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to circumstances.