China

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%.

Earnings rise continue amid government moves to restrain 5.4% inflation in the second largest economy.

Take it with a grain of salt. Many media reported that a PBoC advisor, XIA Bin, said China needs only "US$1tn reserves" and it will not rule out a one-time appreciation.

China's small-loan business kept expanded rapidly in the first quarter with additional  3,027 small loan companies by end of March.

PBoC governor Zhou Xiaochuan said China’s FX exceeded US$3tn at end March, way above necessary levels.

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.