China

Hana Bank, the banking unit of South Korea's Hana Financial Group, will introduce South Korean-style private banking in China this month.

China did not hesitate to use its clout in the financial sector to voice out protests over the diplomatic row with Japan concerning the Senkaku Islands.

There are now 14 Hong Kong-based bank branches on the Chinese mainland nine years after the signing of a key economic plan.

Chinese banks could have lent only US$95 billion in new loans during September.

To ease a liquidity thirst before a week-long holiday injected the largest daily amount of money into the banking system via open market operations.

These banks may reduce their dividend payout ratios by five percentage points to 35%.

The government is urging its Big Four state-owned banks to ramp up overseas expansion to strengthen their global competitiveness.

China has released its 12th Five-Year Plan for the Development and Reform of the Financial Industry it hopes will promote the continued healthy development of its battered financial industry.

China's top ten banks will register slower growth during the rest of the this year due to economic slowdown and overdue loans, according to a report.

A high official of China's central bank called for more financial cooperation with members of the Association of Southeast Asian Nations.

The Industrial and Commercial Bank of China has committed to lend US$18.7 billion to Chinese firms that wish to expand their presence overseas.

The People's Bank of China unveiled a financial reform plan for the 2011-2015 period.

Fitch Ratings says a weaker operating environment in Asia Pacific may lead to rating pressure on banks in China and India.

The New York branch of the Bank of China will become a clearing settlement bank and collateral custodian of CME Group, subject to regulatory approval.

China's second largest bank expects to complete an M&A this year and will accelerate its foreign expansion in succeeding years.

The China Chain Store and Franchise Association urged the government to cut bank card-swipe fees charged to merchants.