Banks

Singapore’s OCBC Bank Eyes Billion-Dollar Profit in China's Greater Bay Area

Singapore’s OCBC Bank Eyes Billion-Dollar Profit in China's Greater Bay Area

Singapore-based Oversea-Chinese Banking Corporation, better known as OCBC Bank, plans to develop a new strategy and invest SGD200 million (USD147…

Jun 19, 2018
Xu Wei
China Construction Bank Buys USD51 Million in Malaysian Government Bonds

China Construction Bank Buys USD51 Million in Malaysian Government Bonds

China Construction Bank has bought nearly MYR200 million (USD51 million) worth of Islam-compliant sukuk bonds since the new Malaysian government…

Jun 15, 2018
Xu Wei
PBOC May Piggyback Likely US Rate Hike

PBOC May Piggyback Likely US Rate Hike

PBOC May Piggyback Likely US Rate Hike

Jun 12, 2018
Xu Wei
Standard Chartered Seeks Virtual Banking License in Hong Kong

Standard Chartered Seeks Virtual Banking License in Hong Kong

The Hong Kong unit of British lender Standard Chartered plans to apply for a virtual banking license as it looks to promote fintech and financial inclusion to improve the customer experience.

Jun 11, 2018
Dou Shicong
Three Quarters of Shanghai Businesses Now Accept Mobile Money

Three Quarters of Shanghai Businesses Now Accept Mobile Money

More than three quarters of Shanghai businesses accepted mobile payments as of the end of the first quarter, after a push from the Chinese central bank to broaden its availability.

May 29, 2018
Dou Shicong
Global Public Sector Investment Gained Most in Five Years in 2017

Global Public Sector Investment Gained Most in Five Years in 2017

Global public sector investors saw their biggest assets gain in half a decade last year thanks to a robust stock market and rising gold prices.

May 23, 2018
Xu Wei
ICBC, Korea Development Bank Agree USD200 Million Currency Swap

ICBC, Korea Development Bank Agree USD200 Million Currency Swap

Korea Development Bank (KDB), a state-owned policy bank in South Korea, has signed a USD200 million currency swap agreement…

May 17, 2018
Xu Wei
Shanghai Pushes Reforms to Open Financial Sector

Shanghai Pushes Reforms to Open Financial Sector

Shanghai has announced plans for six pilot reforms in a bid to further develop the city into an international financial center.

May 14, 2018
Liao Shumin
Central Banks of China and Japan Reach Consensus on Bilateral Currency Swap

Central Banks of China and Japan Reach Consensus on Bilateral Currency Swap

China’s central bank governor Yi Gang today met with his Japanese counterpart Haruhiko Kuroda on the sidelines of the seventh…

May 10, 2018
Liao Shumin
Bank of Hangzhou Siphons USD33 Million From Debtor’s IPO Fund Account

Bank of Hangzhou Siphons USD33 Million From Debtor’s IPO Fund Account

Bank of Hangzhou Co., a creditor to a listed unit under debt-stricken Chinese conglomerate DunAn Holding Group Co., has withdrawn…

May 9, 2018
Wang Shifeng
Bank of China Kicks Off Yuan Services in Pakistan to Push Redback’s Internationalization

Bank of China Kicks Off Yuan Services in Pakistan to Push Redback’s Internationalization

Bank of China Ltd., one of the country’s big four state-owned banks, has rolled out yuan clearing and settlement services…

May 7, 2018
Dou Shicong
PBOC Relaxes Rules on Yuan Qualified Domestic Institutional Investors Outbound Investment Scheme

PBOC Relaxes Rules on Yuan Qualified Domestic Institutional Investors Outbound Investment Scheme

China's central bank today issued a new notice relaxing the regulation of overseas securities investment by the yuan (renminbi) qualified…

May 3, 2018
Liao Shumin

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