China

Taiwan's Fubon to boost China foray with HK branch

Fubon Financial Holding aims to boost its presence in China through its Hong Kong branch in Hong Kong as a bargaining chip.

Bank of Communications gets nod for private placement

The Bank of Communications has received approval from regulators to complete its private share placement.

Noppen hosts its first Financial Data Center Conference

The event was held on July 19th & 20th at the Double Tree by Hilton Hotel in Shanghai, China.

BEA opens "cross-location" sub-branch in Zhanjiang

Bank of East Asia (China) Ltd has opened a sub-branch in Zhanjiang, Guangdong province to provide comprehensive renminbi and foreign currency banking services.

Shenzhen Development Bank now carrying Ping An Bank brand

The former Shenzhen Development Bank will now operate under the name Ping An Bank after it has been absorbed in a merger.

Chinese banks move to finance local businesses

Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.

Chinese banks pledge more loans for real economy

China reiterates its promise to boost bank loans to the more productive sectors of its wallowing economy and away from real estate speculation.

BOC partners with Julius Baer in wealth management

Bank of China enters into a partnership with Switzerland’s largest private bank after surrendering its wealth management business.

Islamic banking to be introduced into China

Malaysia’s Bank Muamalat Malaysia Bhd and Bank of Shizuishan will open an Islamic bank in Ningxia Province within two years.

CITIC to acquire CLSA Asia Pacific Markets

CITIC Securities Company Ltd is about to complete the acquisition of Credit Agricole’s Hong Kong-based brokerage for US$1.25 billion.

China still a gold mine for foreign banks

Foreign banks still look towards revenue growth of 20% in China despite the country’s unnerving economic slowdown.

Mainland banks bet big on Taiwan

Mainland investments in Taiwan’s banking industry account for 31% of all of China’s investments in Taiwan since 2009.

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.