Chinese banks to face tougher tasks of liquidity management

2011-04-15 11:02:44

Chinese banks will face a tougher task of liquidity management, as the high loan-to-deposit ratios of many commercial banks have prompted the banking regulator to consider further tightening measures, analysts said.

Ping An says more rate hikes likely this year

2011-04-14 13:10:38

Ping An of China expects interest rates and bank reserve ratios to be hiked at least once more this year, a move that may potentially benefit the company's earnings, a senior executive said on Wednesday.

Banks close to agreement on local currency settlement

2011-04-14 10:30:20

Agreement on developing settlement and credit in local currencies will be reached among BRICS countries, executives of five national development banks announced on Wednesday, a move expected to increase the role of their national currencies.

ICBC bets on Brazilian bonus

2011-04-13 13:52:12

Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest lender by market value, plans to open a bank in Brazil. The move will extend the lender's reach to Latin America's largest economy after expanding in Europe and the United States.

Everbright Bank IPO gets regulatory support

2011-04-13 10:51:30

China Everbright Bank's H-share IPO plan has gained regulatory support, but the bank has not considered strategic investment, Lin Li, the bank's vice president, said Tuesday.

Bank of Beijing, ING to boost capital in China JV

2011-04-11 13:31:57

Bank of Beijing Co Ltd said on Monday that it has agreed with ING Insurance to lift capital investment in a Chinese joint venture by 600 million yuan ($91.81 million).

BOCOM expands wholesale business in US

2011-04-11 10:05:53

China's Bank of Communications (BOCOM) said on Sunday that the bank will broaden its wholesale services in the United States to include deposit-taking, lending and trade finance.

CITIC Bank opens int'l branch in Singapore

2011-04-09 11:54:12

China CITIC Bank (CNCB) announced that its subsidiary, CITIC International Financial Holdings Ltd, has officially opened a Singapore branch on Friday.

China to further open up its financial market: PBOC

2011-04-08 14:59:12

China will further expand, optimize and open up its financial market, and gradually reduce central government market interventions in 2011, the People's Bank of China (PBOC) said in a report Friday.

Bank of Beijing may unveil fundraising plan

2011-04-08 13:22:35

Bank of Beijing , a city-focused lender, may announce a plan to raise funds via a share placement following a trading suspension of its shares, Reuters reported Friday, citing a Chinese newspaper's report.

China to float another 30b yuan in fourth-batch T-bonds

2011-04-07 16:18:21

China's Ministry of Finance on Thursday announced plans to sell another 30 billion yuan ($4.6 billion) worth of the fourth-batch book-entry treasury bonds this month.

China Merchants Bank to boost transformation

2011-04-07 14:34:22

Chief Executive Officer of China Merchants Bank (CMB) Ma Weihua said on Wednesday that CMB will promote its transformation in the next three to five years amid new economic challenges.