China

Big Four Chinese bank to open in Canada

Big Four Chinese bank to open in Canada

Agricultural Bank of China continues its North American expansion.

China and Brazil sign banking supervision agreement

A new agreement improves government oversight of their banks in each country.

ICBC promotes equipment leasing service to SMEs

ICBC branches are aggressively marketing the bank's equipment leasing service to SMEs to address their difficulty in accessing bank loan for production upgrade.

China goes after more investments from Taiwan

Faced by a weakening economy, China offers Taiwanese investors a package of bank loans as incentives.

Top Chinese bank makes it to the USA

One of China’s “Big Four” will open for business in New York this summer.

China curbs forex rules for firms expanding overseas

Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1.

China's banking authorities deny 30% home lending discounts

The PBOC said reports that it allowed 30 percent lending discounts to first-time home buyers contain deliberate misinterpretations.

Cathay United Bank to acquire Cambodian bank

Cathay United Bank will purchase 70 percent of the Cambodia-based Singapore Banking Corp. Ltd.

Asia-Pacific tops in mobile banking

The Asia-Pacific will continue to have the most number of mobile banking users in the world.

Competition among small and big Chinese banks increasing

Small Chinese banks are taking away business from their bigger, state-owned rivals with simple offerings such as higher interest rates.

China to relax limits on lending

China's central bank implemented an interest rate cut by 25 basis points, the first reduction since the end of 2008.

China's first tech-focused bank to open in Shanghai

The first bank in China focusing on technology companies will start operating in July.

China bank lending accelerates in May

Beijing said bank lending and the money supply were above expectations in May.

Liberalization to stoke volatility in China's banking sector

The stable policy environment that is the foundation of stability in China's baking sector is under threat.

China's 'city commercial banks' post good results in 1Q12

The banks recorded total assets of US$1.62 trillion with deposits at US$1.1 trillion during the first quarter.

Pan resigns as Agricutural Bank of China VP

Agricultural Bank of China's vice president Pan Gongsheng has resigned "in line with the need of state financial work".

Chinese banks’ profits to drop following liberalization

China’s recent benchmark interest rate cut and liberalization of the rate regime will hurt the profits of Chinese banks.