China
Industrial Commercial Bank of China to enter India
Move to open ICBC Mumbai branch follows China’s nod for SBI Shanghai to lend in Renminbi.
Industrial Commercial Bank of China to enter India
Move to open ICBC Mumbai branch follows China’s nod for SBI Shanghai to lend in Renminbi.
BEA commits to Northern China development
BEA became the first locally-incorporated foreign bank to open a branch in Hebei Province with its Shijiazhuang branch.
People's Bank of China names 3 new advisers
Economists Zhou Qiren, Xia Bin and Li Daokui are expected to bring in hawkish view.
China Construction Bank Q4 profit up to $3bln
Careful choice of projects last year can make performance this year better than peers.
Commonwealth Bank launches first branch in China
Lender keen to focus business on natural resources trade, infrastructure financing and structure asset finance industries.
China Construction Bank mulls raising funds
Source says lender’s board may place $6bln worth of shares and rights issue to meet target.
Agricultural Bank of China launches Australia office
Assistance from Austrade and New South Wales government paved way to lender's Sydney office opening.
Bank of America chief keen on China expansion
Moynihan revealed few detail on lender's move that includes obtaining securities license over next several years.
HSBC eyes Bank of Communication rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
Chinese banks strong enough to endure bad loans
Despite forecast of 20% rise in 2010 loans, NPL and other problem loans ratio are expected to remain below 10% for the next two years.
BEA opens 3rd Guangdong sub-branch
BEA has opened a third "cross-location" sub-branch in Huizhou, Guangdong Province. This is made possible under the liberalisation measures of Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement. The other two sub-branches are located in the cities of Foshan and Zhongshan.
Bank of America mulls China expansion
China is premiere destination as US lender broadens business abroad while local operations lag behind rivals.
China regulator cautions top banks on risks
Government wary that uncontrolled lending can increase bad loans and form asset bubbles.
China Construction expects above 10% new loans growth
China targets cutting lending by $310bln prompting smaller banks to raise capital to boost adequacy ratio.
China banks urged to boost capital with profits
Regulator favors raising capital by rights offering while discouraging private placements and public share sales.
China Development Bank to evaluate tie-up with Barclays
Lackluster performance of banks after two years of partnership forced CDB's board to review relationship.
China Minsheng to focus lending on small firms
Lender maximises the underserved market by lending total $15bln with $731.957 credit cap for each company.
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