China

Bank of China will face the challenegs after being named one of the systemically important financial institutions or SIFIs by the Financial Stability Board.

The People's Bank of China stopped draining liquidity from banks through its open market operations this week.

Mainland branches of six Taiwanese banks gained profits of 30.47 million yuan or US$4.84 million, said Liu Mingkang, chairman of the China Banking Regulatory Commission.

China Everbright Bank's profit jumped 40.65 percent year on year to  14.15 billion yuan or 2.23 billion U.S. dollars for the first three quarters of the year. The bank attributed the profit growth to an increase in net interest income, which rose 30.68 percent year on year to 28.98 billion yuan in the nine-month period, according to its regulatory filing at the Shanghai Exchange, reports Xinhua.

The Export-Import Bank of China opened its 19th branch in China at Urumqi, capital city of northwestern Xinjiang Uygur Autonomous Region, according to Xinhua News.

The figure fell short of analysts’ $ 7.72bn forecast.

Earnings per share stood at 1.32 yuan In the same period.

Profit met the 11.9 billion-yuan median analysts’ estimate.

Yet profit is below expected $4.91bn while AgBank’s $5.36bn profit is above the expected $5.33bn.

Industrial & Commercial Bank of China’s net income surged 28% to 54.4 billion yuan.

All services in all outlets under ICBC Beijing are now monitored in real-time.

Four Taiwanese banks will be allowed by China to open branches in the country to boost financial cooperation, according to the China Banking Regulatory Commission.

BoC’s profit didn’t meet the 31.6 billion- yuan median estimate of eight analysts surveyed by Bloomberg News.

More central government moves to address local government debt issue, decline in inflation and resolution of the European debt crisis may boost growth.

RED SEGURA's kit converts any ATM into an NFC/RFID/QR ATM ready while maintaining support for legacy EMV and magnetic cards.

Shares of China’s biggest banks fell an average 23% this year.