Banks

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
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

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