Cathay Fin to tap mainland asset management market
2011-05-04 16:18:47
Cathay Financial, Taiwan's top financial holding firm, said on Wednesday it is aiming to tap Chinese mainland's asset management market this year.
Smaller banks face 'barrier'
2011-05-04 13:09:43
The banking regulator's loan-to-deposit ratio requirement is increasingly choking the development of the country's small and medium-sized lenders, who generally have more difficulty attracting deposits than their bigger counterparts.
Yuan declines on weaker central bank fixing
2011-05-04 11:24:28
The yuan pulled back slightly against the dollar on Tuesday from a slew of recent record highs, as the People's Bank of China fixed a marginally weaker mid-point, signaling the central bank may stick to gradualism in reforming the country's currency regime.
Markets boosted by lower PMI - May 3
2011-05-04 11:20:31
Stocks on the Chinese mainland rose, driving the benchmark index to its biggest two-day increase in four weeks on Tuesday.
China launches private placements of bonds
2011-05-04 10:12:34
China has given the green-light for the private placement of bonds, another step towards expanding the role of direct financing in the economy, China's interbank association has announced.
Weak dollar not a concern for China reserves
2011-05-04 10:11:21
China need not worry about the effect of the weakening dollar on its foreign exchange reserves and should not quicken the pace of yuan appreciation because of "temporary" factors, a former deputy foreign exchange regulator said on Tuesday.
Yuan continues to weaken against dollar
2011-05-04 10:09:48
The value of Chinese currency renminbi (RMB), or the yuan, continued to weaken Wednesday following Tuesday's slide from the record high of 6.4990 per US dollar on April 29.
Stricter bank rules will take effect in early 2012: CBRC
2011-05-04 09:50:38
The China Banking Regulatory Commission (CBRC) said on Tuesday that new rules setting tougher criteria for lenders' capital adequacy, provisions, leverage, and liquidity conditions will take effect at the beginning of 2012.
ICBC's int'l settlements exceed $1t in 2010
2011-05-03 14:01:37
The Industrial and Commercial Bank of China (ICBC), the country's largest asset lender, said on Tuesday that its international settlement volume rose 44 percent year on year to reach $1.06 trillion last year.
A mountain of cash with nowhere to go
2011-05-03 10:14:24
You know the feeling, you have $3 trillion in foreign currency burning a hole in your pocket and you are itching to spend. But on what? A mountain of gold, a sea of oil or a pile of paper?
China holds $1.611t in US securities
2011-05-03 10:11:24
China remained the largest holder of US securities with a total of $1.611 trillion as of the end of June, the US Treasury department said on Friday.
Yuan rises past key level VS dollar
2011-05-03 09:43:21
The yuan strengthened beyond 6.5 a dollar for the first time since 1993..
