China

Bank of China Ltd reported a net profit of US$5.5 billion, a 5.3% improvement year-on-year from US$5.2 billion.

Bank of China posted a 5.1 percent rise in second-quarter net profit, its slowest profit growth in over 3 years.

China’s Big Four banks face far weaker earnings growth in the future as profits continue to fall this year.

The People’s Bank of China has released RMB220 billion into the banking system via reverse repo.

New loans extended by Chinese banks in July came to just US$84.9 billion against an expected US$110 billion, the lowest level since October 2011.

The "big four" Chinese banks extended 70 billion yuan or $11 billion worth of yuan-denominated loans in the first half of August.

Around 3.23 billion bank cards were issued in China as of the end of the second quarter.

China’s first private bank posted a second-quarter net income 20% larger than the year before but triggered a sell-off at the Hong Kong exchange that dragged down other major Chinese banks.

A steady fall in foreign direct investments are crimping the expansion of China’s monetary base.

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization.

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization, said a report by Boston Consulting Group.

SPD Silicon Valley Bank which focuses on commercial services for technology start-ups opened this week in Shanghai.

China's fifth largest lender by assets, has received government approval to complete a private share placement.

ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.

The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent.

A new series of cash deposit machines will be unveiled in GRGBanking’s Guangzhou headquarters.