China

And the remaining stocks from BofA were bought by Chinese investors.

And worse, loans to property developers are doomed to sour as sales slow.

Local banks have been advised to stop selling short-term investment products by the China Banking Regulatory Commission.

A China Construction Bank spokesman said that Bank of America's decision to sell most of its CCB shares will not affect CCB's development.

BofA will sell its remaining 10.4 billion CCB shares to private investors this month.

The last ATM in the country was launched by Co-operative Bank back in 2003.

The ratio of non-performing loans by Chinese banks at the end of September fell 0.6 percentage points to 1.84 percent  less than the end of 2010.

The Chinese government may put up a monitoring system for private lending activities.

HSBC Bank China's capital 's parent company, the HSBC Limited, has replenished its capital with 2.8 billion yuan or US$442 million U.S. dollars.

This is Goldman’s third sale of its ICBC stock since 2006.

Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.

Bank of Communications opened its first overseas subsidiary in London to improve cross-border business and provide global wealth management services and financial services.

Sumitomo Mitsui Banking Corp. will become the first Japanese bank open a branch in Chongqing, China, by June.

ABC Financial Leasing Co., Ltd. reached strategic partnership agreements in Beijing with four leading farming enterprises.

ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.

ICBC recorded a profit after tax of RMB 164 billion in the first three quarters of 2011, up 28.31% over the same period last year. The Bank has consistently improved its asset quality while maintaining steady growth in operating performance in all business lines. Balance and percentage of ICBC non-performing loans both went down. At the end of September, balance of non-performing loans was RMB 4.051 billion less over end of previous year. Non-performing loan rate slid 0.17 percentage point to 0.91% from the prior year-end, a percentage on par with global peers. Provision coverage rate soared 44.46 percentage points over the end of 2010 to reach an impressive 272.66%, demonstrating the significant boost to the Bank's risk capabilities. In the third quarter of 2011, ICBC maintained its momentum in the first half of the year. In deposit business, the Bank's customer deposits rose nearly RMB 1 trillion from end of 2010 to RMB 12.14 trillion at the end of September this year, up 7.64% when compared to the same period last year.