China
Chinese H-share banks report 13% profit growth for 1H13
Find out what supported the growth.
China Minsheng focusing on smaller borrowers
But these customers will be hardest hit by weaker economy.
China’s banks post weakest results in years
Due to interest rate liberalization and weak economy.
ICBC's net fee income from corporate wealth management business up 43%
Wealth management products of CNY2.81t were issued in 1H13.
More than 58% of payments value between Luxembourg and China, HK now RMB-denominated
It was only 42% in July 2012.
Corporate bond approvals in China decentralized
Centralization causing delays and inefficiency.
ICBC and Bank of China report improved profits in Q2
Big Four banks boosted by sharp spike in fees.
China Minsheng Bank's total deposits jumped 13% to RMB 1.4t
But here are some bad news.
China CITIC eyes to keep NPL ratio around 1% level at end-2013
It's exploring packaged NPL sales in 2H13.
Agricultural Bank of China records highest profit growth among big 4 banks
Net profit in 1H13 was RMB92.4b.
Assets of Chinese banks hit US$22.9 trillion in July
Liabilities rose 14% to US$21.4 trillion, however.
China close to permitting certificates of deposit
Seen as another key step towards liberalization.
China orders banks to cut investment in local government bonds
Another move to curb massive local borrowings.
China Construction Bank's NPLs likely to rebound in 2H13
But CCB can maintain steady asset quality.
Bank of China pioneers electronic trade finance platform via Bolero
It's a move facilitated by RBS.
Hang Seng Bank appoints Dorothy Sit as head of China business
Hang Seng Bank today announced that Mrs Dorothy Sit, 61,Vice-Chairman and Chief Executive of Hang Seng Bank (China) (‘Hang Seng China’), and a Non-executive Director of Hang Seng Bank, has been re-designated as an Executive Director of the Bank with effect from 22 August 2013.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
