China
China reorganizes Monetary Policy Committee
Cause is the retirement and reshuffling of committee members.
China in serious danger from shadow banking
Billionaire American investor George Soros says China has a few years to control shadow banking risks.
ICBC funds South African renewable energy projects
China’s largest bank signs US$2 billion financing agreement.
Local Chinese government debt could really be US$3.2 trillion
Amount owed banks in 2011 is double official estimates.
HSBC and BoCom sign renminbi business deal
Memorandum of understanding covers cross-border renminbi business cooperation.
ICBC to acquire stake in major Taiwan bank
Industrial & Commercial Bank of China Ltd. plans to buy 20% of Bank SinoPac.
Chinese banks' shares underperform for the second consecutive month
Blame it CBRC's new rules for the WMP market.
Major breakthrough in cross-strait banking talks
Talks succeed in easing market access rules for banks seeking to own stakes in other banks.
China gets tougher on sales of WMPs
Orders checks on underlying assets of volatile WMPs.
Planned BRICS bank to complement World Bank
But intends to break the grip of Americans, Europeans and Japanese in major lending institutions.
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
Credit card fraud tops Shanghai’s financial crimes list
Accounted for 88% of financial crime cases in court in 2012.
ICBC reports 14.5% hike in earnings
Performance in 2012 makes it the world’s most profitable bank.
China’s banking crisis has begun
Hong Kong economist said debt bomb is about to explode.
ABC and BOC report slower profit growth
Two of the Big Four banks said economic slowdown crippled loan demand in 2012.
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Event News
Value migration to non-bank players with a "focused" model is accelerating.
Commentary
Why high capital levels are a double-edged sword for Singapore banks