China
China Merchants Bank's net profit up 12% to RMB13b in 1Q13
4 key positives revealed here.
Guess which is the leading Euro country in terms of RMB usage
RMB payments grew 249% since March 2012.
China Minsheng Bank's net profit up 20% to RMB11b in 1Q13
But asset growth decelerated to 2.7%.
The new BRICS bank and its implications for Asia
In the recently concluded 5th BRICS Summit in Durban, South Africa proposals for a new BRICS led development bank were floated and discussed. While the summit failed to finalize plans on the proposed bank’s operations and structure, a ‘broad consensus’ has emerged within the BRICS nations for the need of an alternate multi-lateral development agency operating outside the ambit of the World Bank and its sister agencies.
Chinese bank NPLs up 20.7% to US$84.83b in 1Q13
It's US$5.4 billion more than 2012.
Chinese money supply exceeds RMB100 trillion for the first time
It reached RMB 103.61 trillion in March.
Faster financial reforms needed to curtail shadow banking danger
Rising risks from shadow banking make this urgent.
CBRC orders banks to provide more detail on interbank deals
Unregulated channels may be used to pour funds into speculative real estate.
China secretly issues tougher anti-money laundering rules
Banks to rate their clients' risk of criminal conduct starting December 2015.
Chinese banks continue amassing US dollars
Attain forex surplus for seventh straight month.
BOC to expand operations in Cambodia
Bank of China prompted by rapid business growth in Cambodia.
StanChart names Dorris Chen as head of China financials research
She has over 10 years of experience on the sell-side.
Senior executive movements at China’s top banks
Changes follow the once-in-a-decade leadership transition at the Chinese communist party.
Shadow banking sector now 60% of China’s GDP
Fitch Ratings warns shadow banking is stoking instability in the banking sector.
Don't be fooled by the Chinese banks' strong rebound of TSF in March
Barclays warns it will not be sustained.
Standard Chartered issues its first RMB5b financial bond in China
It's a 3-year bond with coupon rate of 4.2%.
Commentary
Why high capital levels are a double-edged sword for Singapore banks