China
China in for short-lived economic recovery
China in for short-lived economic recovery
Positive growth metrics mask the uncomfortable reality that a recovery of China’s economy in the second half will be temporary.
J.P. Morgan Chase Bank to open Suzhou branch
The Suzhou arm is the JP Morgan's sevent branch in mainland China.
ABC downplays non-performing loans
Agricultural Bank of China will not raise equity to cope with a rise in its non-performing loan portfolio.
Policy measures needed to boost liberalization
China’s recent credit liberalization could be endangered by lax fiscal policies.
WMP boom could hurt China’s weaker economy
Sales of wealth management products in China jumped 43% to US$1.90 trillion during the first half of the year.
WTO rules in favor of China on payment card dispute with US
China welcomed a WTO ruling dismissing U.S. accusations that China's Union Pay barred foreign service providers from entering the Chinese market.
China’s interest rate liberalization to hit bank profitability
Free market interest rates will hurt China’s banking sector but are inevitable.
Rich banks not lending enough money to real economy
The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.
ICBC completes acquisition of U.S. bank
The US$140 deal was signed in January 2011 and approved by the Fed in May.
Report shows Chinese banks lack transparency
Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.
Agricultural Bank of China VP Yang Kun resigns
The Agricultural Bank of China announced that its vice president Yang Kun has resigned.
Chinese bank opens for business in Sweden
Bank of China has opened the first Chinese bank branch in the Nordic region.
Surprise Chinese banking rate cut continues to backfire
Fears spread as the Chinese central bank recently reduced its main lending rate by 0.31 percentage points to 6%.
China considers DIS to mitigate coming bank failures
The souring economy is forcing China to hedge against bank bankruptcies.
Chinese banks to see lower profits this year
The banking sector could see a large drop in profits this year due to domestic and international financial turmoil.
Will China continue to benefit from Europe's financial turmoil?
Reports say that Chinese banks grabbed a third of global banking profits in 2011 as European banks retrench - but will this last?
Chinese banks grab a third of global banking profits in 2011
Europe’s punishing financial turmoil has been good for China’s Big Four banks.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks