ICBC eyes expansion in Greater Mekong Sub-Region
2010-11-04 13:23:11
China's largest State-owned commercial bank ICBC or Industrial and Commercial Bank of China announced on Wednesday its intention to deepen inroads into the Greater Mekong Sub-Region (GMS), with Thailand as the center of its ASEAN expansion.
China govt debt rises more slowly: Researcher
2010-11-04 11:00:16
Debt incurred by China's local government financing vehicles will grow very slowly this year, a senior government researcher said on Wednesday.
China's Oct CPI to rise 4.1%: Forecast
2010-11-04 09:55:25
The Consumer Price Index (CPI), the main gauge of inflation in China, is likely to rise 4.1 percent in October after accelerating to a 23-month high of 3.6 percent in September, the Bank of Communications forecast on Wednesday.
Banks yield less this year than 2009
2010-11-03 18:08:25
Only three banks’ investment income in the first three quarters saw an increase among all listed banks in China, National Business Daily reported on Wednesday.
Bank of China announces details of rights issue
2010-11-03 15:22:51
Bank of China Ltd on Tuesday announced the terms for its previously announced rights issue as it moves to raise money to replenish capital after a 2009 lending spree.
China's ICBC eyes more acquisitions in SE Asia
2010-11-03 14:55:52
Industrial and Commercial Bank of China (ICBC) was looking for acquisitions in countries in Southeast Asia where now it has no presence, Reuters quoted company chairman on Wednesday.
Banco Santander banks on China's growing ties
2010-11-03 14:25:51
Spanish banking giant Banco Santander is planning to expand its presence in China to ride on the country's growing business ties with Latin America, a top manager of the bank said on Tuesday.
Banks' role stressed in transforming growth pattern
2010-11-03 11:05:22
China's banking regulator on Tuesday said the banking industry, pillar of the nation's financial system, has an important role to play in transforming the country's economic growth pattern as it highlighted four areas in boosting the process.
Standard Chartered plans Chinese expansion
2010-11-03 10:15:09
Standard Chartered Plc, the London-based financial services group, will accelerate the expansion of its Chinese banking business, with the aim of launching 40 more branches in the country by the end of 2011, said John Peace, chairman of the board.
Report: ICBC buys small US brokerage firm
2010-11-01 15:35:14
Industrial & Commercial Bank of China, the world's biggest lender by market value, paid $1 for a small US brokerage firm, the Wall Street Journal reported on Monday, citing people familiar with the matter.
China cuts discount to mortgage rates
2010-11-01 09:36:07
Beijing has taken a fresh step to discourage property buying by ordering banks to charge higher mortgage interest rates for first home buyers, local media reported over the weekend.
Huaxia Bank Q3 profit up 56%
2010-10-30 13:36:51
Huaxia Bank, Deutsche Bank's Chinese partner, said Friday its third-quarter profit jumped 55.56 percent to 1.52 billion yuan ($226.72 million) on the back of higher interest income and commissions.