Bankers yet to jump on the green bandwagon
2009-12-31 08:08:06
As a pioneering entrepreneur in China's environmental protection industry, Wen Yibo is no doubt upbeat about the prospects for his company. But a major hurdle now facing the 44-year-old is how to raise capital for business expansion.
Wen: Economy will improve with more balanced credit expansion
2009-12-28 15:37:46
Premier Wen Jiabao admitted Sunday that it'd be good if lending by Chinese banks had not been growing on a too large scale as a result of the government's immediate response to the global financial crisis.
Business as usual for robbed Haidian bank
2009-12-28 07:46:51
The bank that was robbed on Saturday in Haidian District resumed business yesterday, with the 32-year-old suspect surnamed Han in police custody, according to local Chinese media.
ICBC wants some forex pie for banks
2009-12-23 08:06:06
China should divert part of its burgeoning foreign exchange reserves to commercial banks so that they have more financing power to support the overseas expansion plans of domestic firms, chairman of ICBC said yesterday.
Global floats coming soon
2009-12-22 08:00:15
The much-anticipated launch of the Shanghai exchange's international board may still have to wait until June 2010, despite a foreign media report stating HSBC Holdings Plc may be floated on the local bourse as early as March next year.
Opportunity and risk challenge China's banks
2009-12-21 07:47:44
Since the onset of the global credit crisis last fall, the five biggest mergers and acquisitions involving Chinese banks lost nearly half or more of their value.
Bankers' confidence index continues to rise
2009-12-17 11:35:40
Chinese bankers are more confident in the nation's macro-economy and expect a continuous economic uptick in the future, a survey by the central bank said on Wednesday.
Regulator cautions banks on bad loans
2009-12-17 08:02:21
China's top banking regulator yesterday warned banks of the potential risk in focusing lending only on certain industries, in an indication that bad loans could return to haunt Chinese banks in the next couple of years.
ADB to lend $150m to NW China city's urban transport system
2009-12-16 11:47:04
The Asian Development Bank (ADB) will grant a loan of $150 million to the northwestern Chinese city of Lanzhou to help it improve urban transport system, the ADB's China office said Tuesday in a statement.
Card fraudsters land jail terms
2009-12-16 07:43:01
Six convicted criminals were jailed seven to 11 years on charges of credit card fraud yesterday in Beijing.
BOC pledges credit growth in 2010
2009-12-16 07:55:33
Bank of China (BOC), the nation's third largest lender, will maintain relatively rapid credit growth in 2010, but the amount of new loans to be issued is likely to be lower than that of this year, Xiao Gang, chairman of the bank, said yesterday.
China gets tough on credit card-related crimes
2009-12-15 14:31:58
China has announced detailed punishment standards against credit card related crimes in a bid to fight "increasingly rampant" frauds, officials said on Tuesday.