China

China banks' June net forex sales plunge 62%

Dramatic drop suggests accelerating capital outflow.

Financial products in Chinese banks stand at US$1.6 trillion

Indicates growing innovation among Chinese banks.

China abolishes banks’ floor lending rates

Critics say move not a breakthrough in rate liberalization.

China will scrap ABS quota for banks

Desperate need to provide more credit for weak economy.

CIPS to debut in Shanghai in 2014

3Part of campaign to internationalize the RMB.

Eight Chinese banks accept payments made using NFC

Smartphones need an app called “Wallet” to use NFC.

Big Four state-owned banks are world’s richest

Dominate list of banks with highest net interest income.

China is revamping troubled financial sector

Ten guidelines support transition to consumer-driven economy.

Chinese banks boost loans to SMEs

Lending hits US$2.58 trillion in May.

PBOC to adjust liquidity when needed

China’s economic growth facing massive downward pressures.

CCB will open in Luxembourg

Will become third Chinese bank to do so.

China orders banks to register WMPs

Tightens oversight of controversial financial product.

Small Chinese banks dumping NPLs

Liquidating NPL assets to control related risks.