China

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.

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 eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.

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 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.

Compliance to stricter rules aims to ensure that banks have sufficient capital to be ready for a crisis that would minimize any government bailout.

Industrial and Commercial Bank of China Ltd. will increase its global footprint by setting up branches in India, Pakistan and Brazil.

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.

Preparation for China Everbright Bank's Hong Kong listing has been going smoothly, according to its vice president Lin Li.

A Russian bank is considering its first issuance of yuan-denominated bonds in Hong Kong.

ICBC carried out numerous RMB-foreign currency option trading with Bank of China on the inter-bank foreign exchange market.

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 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 Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief executive Gail Kelly.

China eager “to push 'Asianization' of the renminbi” as analysts believe it is in its interest to establish more offshore renminbi hubs.