In Focus

Bank of China plans global expansion

Bank of China will continue to expand its overseas network despite becoming much more reliant on the domestic market in recent years. "By 2020, we expect to become a truly world-class bank," a China Daily report quoted BOC president Li Lihui as saying. The priority of setting up new overseas branches will be Asia in the next half year, Li told the newspaper.

In Focus

Bank of China plans global expansion

In Focus

Philippines’ central bank approves banks to open 100 new branches

The ruling will enable lenders cater to financial needs of booming business activities in the country especially in rural areas.

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Singapore Banks may have to make less risky loans to meet new capital requirements

But analysts breathe a sigh of relief that new capital levels not too tight.

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Singapore’s big 3: New capital rules no big deal

Robust capital and financial standing of DBS, OCBC and UOB make them easy to comply with the new MAS ruling.

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China and India bank applies for licenses in Australia

AgBank, BoCom, Bank of Baroda, and Union Bank of India among the ten international banks to exploit Australia’s booming mining and resources industry.

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India’s public sector banks target increased African presence

Yet bankers doubt India’s capacity for a large exposure in fundings for mergers and acquisitions which is enjoyed by global banks.

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China regulator lays down policies to aid SMEs

CBRC measure to help small businesses in some coastal areas whose condition at present is worse than during the peak of 2008 global financial crisis.

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China to overtake US as biggest banking economy by 2023—PwC

Experts expect domestic banking assets to exceed US$30 trillion by 2030.

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Chinese banks expanding Hong Kong renminbi deposit base

Lenders establishing renminbi deposit pools to make way for renminbi-denominated businesses such as trade finance and lending.

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India public sector banks to employ over 400,000

Hiring spree is prompted by the fact that a large chunk of 1mn PSB employees will retire in the next two years.

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HSBC eyes to extend renminbi products to Australia

The lender’s introduction of new products to Australia to hedge their currency risk in doing business with China, a major consumer of Australian mineral and energy resources.

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