Banks

PBOC Reassures Markets Over Yuan Stability

PBOC Reassures Markets Over Yuan Stability

In an unusual step, both the governor and deputy governor of the People’s Bank of China assured foreign exchange traders…

Jul 3, 2018
Xu Wei & Chen Juan
China's Four Largest Banks Top Global Ranking for First Time

China's Four Largest Banks Top Global Ranking for First Time

China's four largest commercial lenders have topped an annual global ranking of 1,000 banks for the first time.

Jul 3, 2018
Xu Wei
China’s AgBank Opens London Branch Ahead of Brexit

China’s AgBank Opens London Branch Ahead of Brexit

Agricultural Bank of China has opened a branch in the UK capital, becoming the seventh Chinese commercial lender to open…

Jun 27, 2018
Dou Shicong
 Maintaining Global Liquidity Is Critical as Dollar Rallies, BIS Research Head Says

Maintaining Global Liquidity Is Critical as Dollar Rallies, BIS Research Head Says

Maintaining Global Liquidity Is Critical as Dollar Rallies, BIS Research Head Says.An economic advisor at the Bank for International…

Jun 27, 2018
Xu Wei
China Cuts Off Shantytown Renovation Funding on Local Government Debt Fears

China Cuts Off Shantytown Renovation Funding on Local Government Debt Fears

China Development Bank has brought a halt to new funding for renovation plans in the country’s most impoverished areas citing risks associated with rising local government debt.

Jun 27, 2018
Liao Shumin
CBA Blacklists 140 Deadbeat Debtors Owing USD3.8 Billion

CBA Blacklists 140 Deadbeat Debtors Owing USD3.8 Billion

The increase in debt-dodging behavior with the resort to new tricks has posed a new challenge to banks disposing of…

Jun 26, 2018
Song Yikang
Chinese Auditor Digs up USD46 Billion-Plus Dirt at ICBC

Chinese Auditor Digs up USD46 Billion-Plus Dirt at ICBC

The Industrial and Commercial Bank of China, the country’s largest commercial bank, was found to have many problems in its…

Jun 22, 2018
Chen Juan & Liu Jing
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

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