Commercial banks' bad loans fall in 2010
2011-01-27 10:04:42
China's banking watchdog said Wednesday Chinese domestic commercial banks' balance of non-performing loans (NPL) decreased 14 percent through 2010 to stand at 429.3 billion yuan ($65.17 billion) at year-end.
Chinese banks lent 1.2t yuan in Jan: Report
2011-01-26 09:35:29
China's commercial banks have issued 1.2 trillion yuan ($182.3 billion) of new loans in January, accounting for as much as 17 percent of the estimated full-year 2011 quota, China Business News said on Wednesday.
China banks ratchet up lending rates to ration credit
2011-01-26 09:19:19
Some Chinese banks have drastically raised lending interest rates or halted loan approval altogether to comply with government orders to rein in the pace of credit growth, media reported on Wednesday.
Renminbi trades close to a 17-year high
2011-01-25 14:34:49
China's yuan traded near a 17-year high on speculation policymakers will allow the currency to strengthen to help curb inflation.
China's ICBC opens branch in Madrid
2011-01-25 14:01:58
The Spanish branch of Industrial and Commerce Bank of China (ICBC) was officially inaugurated in Madrid Monday.
First offshore RMB CD issued in Macao
2011-01-25 11:09:13
Macao Branch of BOC (Bank of China) announced Monday the issuance of the inaugural offshore renminbi Certificate of Deposit (RMB CD), the first of its kind in Macao, totaling to 1 billion yuan ($151 million).
ICBC sets tone as it takes over US bank
2011-01-25 10:57:36
Industrial and Commercial Bank of China Ltd (ICBC) has agreed the first Chinese takeover of a US retail bank, boosting financial ties between the world's two largest economies as President Hu Jintao concluded a four-day visit to the nation.
ICBC opens branch in Milan
2011-01-24 09:33:53
The world's largest bank, Industrial and Commercial Bank of China (ICBC), inaugurated its first Italian subsidiary in Milan on Friday.
China's banking assets grow 19.7% in 2010
2011-01-22 10:36:01
The total domestic assets of Chinese financial institutions in the banking sector rose 19.7 percent year-on-year in 2010 to 94.3 trillion yuan ($14.3 trillion), China's banking regulator said on Friday.
China banking assets rose 19.7% in 2010
2011-01-21 14:36:21
The total assets in China's banking sector reached 94.3 trillion yuan ($14.3 trillion) at the end of 2010, up 19.7 percent from a year earlier, the country's banking regulator said on Friday.
ANZ names RBS's Li as new China boss
2011-01-21 13:33:57
Australia and New Zealand Banking Group (ANZ) named Charles Li from the Royal Bank of Scotland as its new chief executive for China on Thursday, as it continues to expand in the region.
China sets low Q1 loan quota for state banks: Report
2011-01-20 13:47:16
Chinese regulators have ordered the nation's four biggest banks to cap their combined new loans in the first quarter at 726 billion yuan ($110 billion), local media said on Wednesday.