In Focus

China and India bank applies for licenses in Australia

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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China banks to raise $12.34bn bonds in Hong Kong

Bank of China and BoCom mull to issue up to $30.84bn in bonds despite market doubts that Hong Kong can accommodate such a massive fundraising.

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Indonesia banks step up launch of microlending units

Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.

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StanChart may exit from South Korea

While the lender’s growth lags rivals following focus as it shifts to retail lending, it says remains committed to South Korea.

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South Korea banks to put up debt clearer

Seven lenders with huge outstanding loans will furnish the capital to establish the debt clearer with $1.12bn capital.

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ANZ expands Asia presence via deal with China Eximbank

The pact enables ANZ to provide China Eximbank with finance facilities, offshore yuan bonds and other resources.

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Hana, Lone Star mulls KEB deal deadline extension

A source said both parties were positive on extending what may be the largest banking deal in Korea.

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Australians in looming debt spiral

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.

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Sacombank's Laos branch changes operation model

Sacombank is pondering about changing the operation method for its branch in Laos.

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China banks’ profit boom seen despite tightening

Earnings rise continue amid government moves to restrain 5.4% inflation in the second largest economy.

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PBoC governor: China needs to reduce FX reserves

PBoC governor Zhou Xiaochuan said China’s FX exceeded US$3tn at end March, way above necessary levels.

In Focus