China

Branch would be the lender’s second in China as it expand in its strategically important market for its customers.

The China Banking Regulatory Commission's new 4% leverage ratio requirement means more pressure to maintain a solid capital base.

Bank of China and BoCom mull to issue up to $30.84bn in bonds despite market doubts that Hong Kong can accommodate such a massive fundraising.

The lender plans to acquire Chinese banks stakes as many as regulations allow considering future possibility of Taiwan banks being depent on the China market.

The lenders’ entry into the market could help to improve interoperability, aid price discovery and optimize the yield curve.

Jiang is expected to help manage Deutsche Bank’s venture with Shanxi Securities Co.

Bank of Shanghai Co. said Tuesday it plans to sell up to CNY5 billion ($768 million) worth of subordinated bonds on the interbank market between May 20 and May 24 to supplement its capital.

Under the agreement, Citibank Guangzhou expects to improve its ATM network management efficiency.

ABC officially launched Zhangjiajie Tourism Card, the first domestic tourism financial IC card.

Some banks resort top paying commissions to agents to help attract short-term deposits before the end of each month to evade the regulation.

Palm Vein readers will be installed in all recycling ATMs supplied to Ziraat Bank.

ICBC chip cards have surpassed 11 million as of the end of March this year.

The lender’s revenue up 37% to $2.64bn while its net interest income soars 32.8% to $2.06bn.

CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.

Representatives from both parties will conduct regular bi-annual meeting to gradually clear obstacles on Cross-Strait Banking Supervision Cooperation.

ICBC surpasses first-quarter profit performance of JP Morgan, most profitable bank in the US, by 49%.