China
China’s financial system remains healthy
China’s financial system remains healthy
Spanish bank expects non-performing loans to rise gradually, however.
New RMB loans down to RMB 667b in May
Growth was offset by the low ST corporate loans.
Citi China launches Citi Mobile Collect
Find out what the major differentiating factors are.
PBOC warns anew against shadow banking
Says there is a need to strengthen disclosure.
New Chinese bank loans fall 9%
Drops to US$107.6 billion in May.
Shanghai to trial renminbi convertibility
Intends to to test convertibility at the Qianhai zone.
China extends freeze on IPOs
Continuing hike in bad loans forces extension.
China to introduce deposit insurance system
Will lay the basis for interest rate liberalization in banking sector.
China's shadow banking danger to escalate in 2015
Moody's sees no immediate meltdown in China's shadow banking, however.
ICBC to open RMB center in Luxembourg
Spurred by successful US$1.7 billion trade last year.
ICBC executive appointed head of CIC
Li Xiaopeng heads China’s sovereign wealth fund with over US$410 billion in assets.
New rules dampen demand for WMPs
These also threaten banks’ profits, however.
China to liberalize interest rates further
Aim is to allow the financial sector to better serve the real economy.
Local government debt remains grave challenge to China’s banking system
Debts are a heavy burden on public finance.
CCB buys stake in 2nd biggest Russian bank
China Construction Bank among buyers of a 55% stake in VTB Bank.
ICBC loses Goldman Sachs investment
US investment firm makes US$1.1 billion by selling remaining ICBC shares.
AgBank VP fired for taking huge bribes
Yang Kun is highest-ranking bank executive to be investigated for corruption.
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