China

ABC wil deepen its cooperation with Ivey Business School and Bank of Montreal to develop talents, according to Mr. Zhang Yun, President of ABC.

ICBC launch of bill pool service nationwide specially for corporate clients who demand for cash management service.

ICBC rolled out an online fast service for small payment that enables customers to make small payments for online shopping or other e-commerce activities.

According to Reuters, the vehicle will target investments in the US and Europe.

61% of global investors predict that the country will face a crisis within the next five years.

F@ST Abacus was employed by a Turkish bank to manage its off-site ATM location selection process.

Chinese and Japanese banks are among the top 20 coal financing banks, along with those from the US, UK, Germany, France, Switzerland, and Italy.

Only two Chinese banks, Bank of China and China Construction Bank, were upgraded by Standard&Poor's, reports Xinhua News.

Bank of China recorded a profit after tax of RMB101.28 billion in the first three quarters, an increase of 22.09% compared with the same period of 2010.

ABC realized a credit card income of RMB6.55 billion in the first three quarters this year.

The volume of international trade finance transactions conducted by ABC amounted to USD72.4 billion, representing a year-on-year increase of 94%. Its balance of trade finance transactions in domestic and foreign currencies was USD19.85 billion, up 51.7% over the beginning of the year.

BoC and SMBC will cooperate on yuan-related business to accomodate increasing trade between China and Japan.

China issued 2.81 billion bank cards as of the end of the third quarter, up 4.9 percent from the end of June.

China’s central bank said the requirement for reserve ratio of 16.5 percent for more than 20 rural cooperative banks will expire this month, and it will revert back to 16 percent.

The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years.

China’s sovereign fund now has 60.46% stake in the lender, up from 59.31%.