China

The cash processing & self-service solution provider has developed a new solution transforming cash management into cassettes management.

GRG Banking Equipment Co.,Ltd.’s new subsidiary, GRG Banking Equipment(HK) Co.,Ltd., secured an order to supply 1,000 units of automated teller machines for a Middle East bank.

Lenders have peaked after ICBC and BOC second quarter profit up 38% and 15% respectively.

Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.

China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.

Earnings of sovereign wealth fund’s first bond sale to be used for Export-Import Bank of China.

Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.

Lender also planned a $6.6bln rights issue aside from its $3.7bln bond sale.

Investors' optimism on smaller Chinese banks gave lender share price gain that surpassed AgBank's.

Lender’s IPO success may encourage rival banks to follow suit.

Fund to sell $7.97bln bonds in its effort to maintain controlling stakes in major domestic banks.

Growth of loans in small and medium banks and city commercial banks faster than large lenders'.

Over the past few months the number of vacancies has been steadily increasing within the banking and finance sector across Asia. While this is great news for the jobs market, many employers are finding it difficult to source candidates with the right level skills and experience locally.

Everbright Bank may face big capital shortfall in the next three years without the IPO.

Lending to unprofitable government companies and projects had saddled China’s banking with 50% non-performing loan ratio.

Rivals ICBC reported to conduct up to $6.63bln rights issue while BoC seeks approval from regulator.