China
China Investment Corp acquires $1.75bn CCB stake
China Investment Corp acquires $1.75bn CCB stake
China’s sovereign fund now has 60.46% stake in the lender, up from 59.31%.
CCB mulls to establish foothold in Brazil
The move to take advantage of China overtaking of the US to become Brazil’s largest trading partner.
Temasek buys one third of CCB shares
And the remaining stocks from BofA were bought by Chinese investors.
Chinese banking regulators warn lenders on risks from unprofitable gov't projects
And worse, loans to property developers are doomed to sour as sales slow.
Chinese banks asked to stop selling short-term investment products
Local banks have been advised to stop selling short-term investment products by the China Banking Regulatory Commission.
CCB says Bank of America deal won't affect development
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.
China Construction Bank Corp loses ties with Bank of America
BofA will sell its remaining 10.4 billion CCB shares to private investors this month.
GRGBanking produces first ATM in Myanmar in 8 years
The last ATM in the country was launched by Co-operative Bank back in 2003.
China banks NPL ratio down 1.84%
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.
Private lending in China may be monitored: central bank official
The Chinese government may put up a monitoring system for private lending activities.
HSBC China's capital replenished by CNY2.8B
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.
Goldman Sachs to sell $1.1b shares in Industrial & Commercial Bank of China
This is Goldman’s third sale of its ICBC stock since 2006.
ANZ targets ‘pretty aggressive’ growth in China: Chairman
Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.
China's Bank of Communications opens its first London subsidiary
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 Bank to open branch in Chongqing
Sumitomo Mitsui Banking Corp. will become the first Japanese bank open a branch in Chongqing, China, by June.
ABC Financial reaches agreements with partners
ABC Financial Leasing Co., Ltd. reached strategic partnership agreements in Beijing with four leading farming enterprises.
ABC grants loans of over RMB100 B for SMEs
ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.
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