China

In the wake of ongoing impact of global financial and economic meltdown, particularly more acutely on advanced economies, sparing for the time being it’s full brunt on Asian economies; It is a compulsion for Asian bankers to be aware of threats and opportunities that are enveloped in The New Great Game, which is being played by the big powers in the heart of Asia.

It not only reiterates the total exposure control on LGFV loans.

Regulations on wealth management products came sooner than expected.

They have until end-April to comply with CBRC's requirements.

Super-regulator to oversee the banking, securities and insurance sectors.

Of the Ministry of Railways’ liabilities, some US$321 billion are bank loans.

Wants Shanghai to gain IFC status by 2020.

Total lending for the month stood at US$172 billion.

But it's down from monthly record high of RMB 2.54tn in January.

Financial reforms needed to reduce excessive risks concentrated in banking sector.

Find out how the bank hosted all Chinese customer data on the mainland.

China Construction Bank becomes third Big Four bank operating in Russia.

The LIBOR scandal rocked the world of finance last year after reports emerged of gross misconduct by Barclay’s Bank in the submission of LIBOR rates to the British Banker’s Association (BBA). Barclays had been under investigation by authorities for its role in setting the world’s key short term interest rate-the London Interbank Offered Rate (LIBOR) and had to pay total fines of £ 290 million in separate settlement agreements with the Financial Services Authority (FSA), U.S. Department of Justice and Commodity Futures Trading Commission (CTFC).

Might also relax tight capital controls this year.

Asset management companies will be set up to fend off risks.

Profit growth will slip to single-digit levels.