Banks

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Bank of Hangzhou Co., a creditor to a listed unit under debt-stricken Chinese conglomerate DunAn Holding Group Co., has withdrawn…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
China, Japan Plan to Renew Currency Swap Agreement After Li-Abe Summit

China, Japan Plan to Renew Currency Swap Agreement After Li-Abe Summit

China and Japan plan to renew a currency swap agreement to reopen bilateral currency exchanges in case of financial crises…

May 3, 2018
Xu Wei
ICBC Completes Global Network Layout Covering 45 Countries

ICBC Completes Global Network Layout Covering 45 Countries

ICBC Completes Global Network Layout Covering 45 Countries. Industrial and Commercial Bank of China Ltd., the largest commercial lender…

May 2, 2018
Xu Wei
All ATMs in Panama Will Take UnionPay Cards

All ATMs in Panama Will Take UnionPay Cards

China UnionPay Co. unit UnionPay International Co. signed a cooperative agreement April 23 with Telered SA, Panama’s largest electronic payment…

Apr 25, 2018
Xu Wei
Chinese Mobile Bankers Accounts Hit 1.5 Billion Last Year, Up 28.3 Percent

Chinese Mobile Bankers Accounts Hit 1.5 Billion Last Year, Up 28.3 Percent

The total number of individual mobile banking accounts in China rose 28.3 percent last year to 1.5 billion, outnumbering the…

Apr 24, 2018
Dou Shicong
China's Major Banks Hike Max Interest Rates for Certificates of Deposits to 45% Above Benchmark

China's Major Banks Hike Max Interest Rates for Certificates of Deposits to 45% Above Benchmark

China’s banking regulators recently gave domestic banks the go-ahead to raise the maximum interest rates for certificates of deposit (CDs),…

Apr 23, 2018
She Qingqi

Pages