China

The bank targets its 1.5mln mobile banking users with monthly transaction value of $975.1mln.

The lender seen to follow its rivals’ move to raise more funds.

The lender has no immediate plan to buy a foreign company as central bank's recent move won't affect it much.

ABC’s private banking service was launched in 12 provinces and cities includes Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Shandong, Hubei, Guangdong, Qingdao, Ningbo, Xiamen and Shenzhen.

Agricultural Bank of China Limited unveiled its shining "Golden Online" logo to launch its brand image. The launching of new image of ABC's e-Banking brand and its sub-brands marked the establishment of a complete and clear Golden Online brand series and further consolidated the market position of Golden Online as the most competitive and advanced brand in the sector. It will definitely initiate a new development mode for the marketing of e-Banking brands and lead the e-Banking into a new era of brand competition instead of service competition. For these years, ABC has always adhered to the market-led and customer-oriented philosophy and blazed new trials in a pioneering spirit to rapidly develop its e-Banking business. ABC's first self-service equipment was put into operation in Guangdong Branch in 1987 and its online banking business was formally launched in 2002. By now, ABC's e-Banking business has formed five transaction channels including online banking, telephone banking, mobile banking, television banking and self-service banking, and three service platforms including customer service center, portal site and SMS service, with over 120 million customers, and the channels accounted for 57.78%. Meanwhile, ABC has always been leading in the financial innovation by launching various financial services and actively researching financial products for tri-networks integration. ABC's e-Banking business has come into a new historical point after these years' development.

China Minsheng Banking Corporation recorded a 46.48 percent year-on-year increase in third quarter net profit attributable to shareholders to 4.14 billion yuan ($619.51 million), with earnings per share of 0.16 yuan ($0.02), according to a company filing.

The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.

Branches of BEA and BoC among the eight cases that made 197 illegal transactions totaling $7.34bln.

Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.

JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.

Central Huijin also said it will support rights issue plans of ICBC, BoC, and CCB.

Former chair and president Fu Yuning poised to replace Qin, who resigned due to age.

Lender to upgrade e-banking system as it is pushing for internationalization of renminbi.

Move prompted by rosy profit from overseas operation, which accounts for 25% of lender's total profit.

Lender to concentrate on low capital and high incomes operations to achieve goal.