China

Bank of China reviews Luxembourg operations

BOC President Tian Guoli visits Luxembourg.

China threatened by widespread bad loans

Borrowing costs at their highest in six months.

Some ICBC and BOC branches refuse to lend

Unable to meet loan-to-deposit requirements.

China Construction Bank opens Taiwan branch

CCB now has 15 branches outside China.

PBOC denies existence of credit crunch

Promises stability and support for banks.

PBOC urges banks to boost liquidity management

Bankers now worried over a potential Chinese financial crisis.

Chinese banks hurting as government chokes money supply

The People's Bank of China, however, describes monetary policy as “prudent”.

Chinese banks could default on WMP repayment

Some US$246 billion in WMPs maturing by end-June.