China strengthens lending regulations, focuses on credit risk control
2010-02-21 09:09:29
China's banking regulator has issued two regulations that aim to tighten banks' lending and risk management controls.
Cross-bank card transactions up 47% during Spring Festival
2010-02-20 20:03:56
Cross-bank card transactions rose 47 percent year on year to 56.9 billion yuan (US$8.33 billion) on the Chinese mainland during the Spring Festival holiday, China UnionPay said Saturday.
Chinese banking regulators win top risk management award
2010-02-10 16:20:58
Chinese banking regulators won a top award from a leading risk management association in New York on Tuesday.
Bankcard holders' consumer confidence rises in Jan
2010-02-10 10:35:53
Chinese bankcard holders' consumer confidence in January was up year-on-year, according to an index issued jointly by China Unionpay and Xinhua News Agency on Tuesday.
ICBC to adjust lending to promote eco-friendly economic growth
2010-02-09 10:15:49
China's largest bank, Industrial and Commercial Bank of China (ICBC), said Monday it would tailor its lending to promote more environmentally friendly economic growth.
Lender awaits decision on Thai bank offer
2010-02-09 09:43:35
Thailand is still assessing an offer by Industrial & Commercial Bank of China (ICBC) to buy the government's stake in ACL Bank Pcl, the country's Finance Minister Korn Chatikavanij said.
ICBC to curb property loans
2010-02-09 09:04:01
The Industrial and Commercial Bank of China (ICBC) said yesterday it would apply stricter approval rules to property lending this year as part of an effort to balance its loan structure and stem rising credit risks.
Bank card spending up 31% in 2009
2010-02-08 14:15:19
Chinese consumers spent 166 trillion yuan ($24.3 trillion) with their bank cards last year in China, up 30.5 percent from 2008, the central bank said.
China's bank shares set to perform best
2010-02-08 10:40:23
China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.
Bank of Beijing to buy 50% stake of ING Capital Life Insurance
2010-02-05 16:11:54
Bank of Beijing, China's leading city commercial bank by market value, has been approved to buy 50 percent of shares of ING Capital Life Insurance Co, Ltd, becoming the first bank of its kind to enter the Chinese insurance industry.
Reshuffle may see Minsheng join HSCEI
2010-02-05 10:40:22
China Minsheng Banking Corp may be among companies added to Hong Kong's Hang Seng China Enterprise Index (HSCEI) in a reshuffle that will see the gauge's overall membership reduced to 40 companies, Nomura Holdings Inc and BNP Paribas SA said.
Citi sees gains from China growth
2010-02-05 10:16:14
Citigroup Chief Executive Vikram Pandit said Thursday that the bank would continue to expand its presence in China, reflecting the banking major's commitment to growth in emerging markets.