China
DBS seeks China expansion, India incorporation
DBS would want to have 50 branches in China over the next three years and. It also intends to do the same in India by setting up a locally incorporated banking unit.
DBS seeks China expansion, India incorporation
DBS would want to have 50 branches in China over the next three years and. It also intends to do the same in India by setting up a locally incorporated banking unit.
Chinese banks eyes growth during 12th Five-Year Plan
China banker said consumer credit, asset management and credit cards businesses would prosper over the next few years.
ABC enters new safeguarding technology era
Agricultural Bank of China Limited has made substantial progress in the construction of the video monitoring network system. Recently, ABC Ningbo Branch held the "Opening Ceremony of Ningbo Branch Video Monitoring Center". Mr. Cai Huaxiang, Member of CCP Committee and Vice President of ABC attended the ceremony.
China’s hedge funds show promise, development remains slow due to regulatory hurdles
The Chinese banking sector continues to flourish and the number of hedge fund investors is increasing rapidly in the country on the back of its strong economic growth.
Chinese lenders expands presence in Europe
China is seeking to diversify its assets by branch expansion of its financial institutions.
Foreign-Invested Partnerships: New vehicles for private equity investments in the PRC
Several foreign private equity investors set up their investment vehicles in China in the form of "foreign-invested partnerships".
Hua Xia Bank forecasts 50% 2010 earnings growth
Hua Xia Bank forecasts its 2010 net profit will grow 50 percent year-on-year from US$570.9 million in 2009.
ICBC to buy 80% stake in BEA US branch
Industrial & Commercial Bank of China intends to spend $140 million to acquire an 80 percent stake in The Bank of East Asia's American branch.
JP Morgan Chase ups stake In ICBC
JP Morgan Chase raised its stake in Industrial and Commercial Bank of China.
NPL ratio Of Chinese commercial banks hit 1.14%
The non-performing loan ratio of commercial banks in China was 1.14 percent at end 2010. The NPL balance is US$65.2 billion, according to a Reuters report. The provision coverage ratio of commercial banks rose to 218.3 percent as of end 2010, up by 63 percentage points from the beginning of the year. The amount of subprime loans increased by US$440.5 million at end 2010 from the end of September. The balances of doubtful loans and bad loans decreased by US$1.18 billion and US$185.3 million respectively at end 2010 from the end of September.
ICBC to take over Bank of East Asia US unit
The first China acquisition of U.S. retail bank is a strategic move for ICBC to further its global expansion
Metrobank eyes 20 China branches in 5 years
The Philippine's Metrobank plans to have 20 branches in China within five years.
Bank Of Nanjing forecasts 50% 2010 net increase
Bank of Nanjing forecasts that 2010 net profit attributable to shareholders may grow 50 percent year-on-year.
China's "Big 4" to lend $110B in Q1
Chinese regulators have ordered the nation's four biggest banks to cap their combined new loans in the first quarter at US$110 billion.
BoCom to raise $758mn for renminbi investment fund
The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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