China to keep new loan target unchanged
2010-12-14 13:54:58
China will probably target about 7.5 trillion yuan ($1.1 trillion) in new loans next year, level with its 2010 target, Reuters reported Tuesday, an indication that policy could be slightly looser than expected.
China central bank highlights stable prices
BOC provides better service to Chinese investors in Australia
2010-12-14 10:50:45
The Australian Branch of the Bank of China (BOC) has made every effort to provide service to the Chinese enterprises which invest in Australia, said a senior BOC banker on Monday.
Bank's inertia may hurt expansion
2010-12-14 10:28:03
China risks a more abrupt tightening in monetary policy next year after refraining from raising interest rates since October, even as inflation accelerated to the fastest pace in more than two years.
More internationalized renminbi
2010-12-14 09:20:52
The Export-Import Bank of China (China Eximbank) said Monday it would push for a more internationalized renminbi over the next five years and enhance the role of the Chinese currency in cross-border trade settlement.
China central bank highlights stable prices
2010-12-14 09:10:41
The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday.
China plans 7t yuan of fresh lending in 2011
2010-12-13 17:24:17
China is likely to set a target of at least 7 trillion yuan ($1.1 trillion) for new loans in 2011, reported Bloomberg News on Monday, citing two people briefed on the matter.
China likely to allow yuan options trading by banks
2010-12-13 14:29:33
China may allow yuan options trading to help banks and companies protect their earnings from foreign-exchange risk, according to three different sources with knowledge of the plan, Bloomberg News reported Monday.
Foreign banks boost expansion in China in post-crisis era
2010-12-13 09:20:38
Foreign banks have strengthened their expansion efforts in China, which remains one of the fastest growing economies in the world, as the global economic meltdown is ebbing.
MS to offload stake in CICC joint venture
2010-12-10 10:29:35
Morgan Stanley will sell its 34.3 percent stake in China International Capital Corporation (CICC) to four shareholders, ending a 15-year investment in the first joint venture investment bank in China.
Bank boosted by Hong Kong IPO
2010-12-10 10:28:12
Chongqing Rural Commercial Bank Co raised HK$11.5 billion ($1.48 billion) by selling stock in a Hong Kong IPO, according to two people with knowledge of the transaction.
Citigroup eyes revenue growth
2010-12-10 10:14:19
Citigroup, the third-largest US bank by assets, expects to achieve more than 50 percent revenue growth in its investment banking business in China next year, thanks to an abundant capital flow and a strong deal pipeline, according to one of the financial group's top executives in the country.
Internationalization of RMB foreseeable: Expert
2010-12-08 10:25:14
A famed Chinese economic expert forecasted at a forum in Tokyo on Tuesday that it would not take long for the yuan to be internationalized though there was no timetable available.