China

ANZ branches are now in the north, centre, and south of mainland China after the China Banking Regulatory Commission allowed it to open a branch in Guangzhou.

Massive government-directed lending by China's top banks to roads and railroads risk repeating credit mistakes of 90's which cost $650 billion to clean up, warns Fitch.

Huishang Bank, China’s first joint-stock commercial bank originating from the restructuring of city commercial banks and urban credit cooperatives, has selected Teradata Corporation to build its enterprise data warehouse (EDW). The EDW will address regulatory requirements in operations, risk management, and capital management.

ANZ will open additional branches and establish a new rural bank in western China in its thrust to become a leading foreign bank in China. It is now completing final regulatory approvals for the establishment of a new rural bank in Liangping, a county near the western city of Chongqing, with a population of more than 900,000 people.

Ningbo goes live with Misys Opics Plus to manage increased trade volumes, strengthen risk practices and to develop derivative business.