China
China banks introduces new products to defy loan curbs
China banks introduces new products to defy loan curbs
Aside from challenging credit curbs, the wealth products are also a form of financial experimentation in China that lay the foundation for a liberalised interest rate market.
People's Bank of China pulls out $12.7bn from money market
China’s central bank had already hiked banks' reserve requirement ratio thrice as it steps up drive to tighten excess liquidity amid concerns about rising inflation.
ICBC applies for Fed approval on BEA US unit acquisition
ICBC eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.
China Merchants Bank plans to sell shares
The lender pursues fundraising plans despite its statement last March 2010 emphasizing that it would have no need to raise additional capital for the next three years.
DBS China on track for 50 Outlets by 2013
DBS China is on track for 50 outlets by 2013, with plans to open a total of at least eight new branches and sub-branches in 2011.
China requires its banks $131bn capital over 6 years
Compliance to stricter rules aims to ensure that banks have sufficient capital to be ready for a crisis that would minimize any government bailout.
ICBC to expand globally via emerging countries
Industrial and Commercial Bank of China Ltd. will increase its global footprint by setting up branches in India, Pakistan and Brazil.
China regulator halts approving city lenders' rural banking proposals
Some analysts believe city lenders are adept at dealing with small clients while others doubt on city lenders’ capacity to provide enough human talent and capital for growth.
Everbright Bank H-Share IPO gains regulatory support
Preparation for China Everbright Bank's Hong Kong listing has been going smoothly, according to its vice president Lin Li.
Russian bank considers yuan-denominated bond issuance in Hong Kong
A Russian bank is considering its first issuance of yuan-denominated bonds in Hong Kong.
ICBC conducts RMB option trading with BOC
ICBC carried out numerous RMB-foreign currency option trading with Bank of China on the inter-bank foreign exchange market.
ICBC seeks to open first Brazil branch
The lender plans to establish full service unit in Sao Paulo with an initial capital of $100mn after expansion in US and Europe.
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
Westpac to expand operations in Asia
Westpac Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief executive Gail Kelly.
China mulls Singapore as new renminbi trading centre
China eager “to push 'Asianization' of the renminbi” as analysts believe it is in its interest to establish more offshore renminbi hubs.
Bank of Communications expands US services
China's Bank of Communications in the United States will include deposit-taking, lending and trade finance in its services.
China’s city lenders to reduce speed of regional expansion
China’s regulator may reassess the operations of banks’ interregional branches as it advised them to focus on their own markets of origin.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks