Interest rate hike of 25 basis points announced
2010-10-20 09:12:52
The central bank on Tuesday raised interest rates for the first time in nearly three years in an attempt to combat inflation and soak up excessive market liquidity.
Appreciation must proceed 'gradually'
China sets growth goal for new strategic industries
CDB to launch 3b yuan RMB-denominated bonds in HK
2010-10-19 15:39:14
China Development Bank (CDB), one of the country's three policy lenders, said on Monday it would launch a total of 3 billion yuan ($450 million) of yuan-denominated fixed rate bonds in Hong Kong.
Two HK-based banks allowed to tap mainland interbank bond market
2010-10-16 16:35:57
The Asia-focused Standard Chartered Bank said Friday it has received regulatory approval for entry into the Chinese mainland's interbank bond market, becoming one of the first two banks to gain access into mainland's renminbi bond market.
Integrated banking service goes online
2010-10-16 09:46:58
China's central bank on Friday launched an online interbank payment system which will allow customers to make real-time transfers between lenders and balance inquiries through a single website.
Bank of Montreal opens business in China
2010-10-15 16:36:51
The Bank of Montreal (BMO) Financial Group Thursday inaugurated its first incorporated subsidiary in China, Bank of Montreal (China) Co Ltd (BMO ChinaCo), in Beijing, joining other rivals in the race to grab a share of a financial market boasting 1.3 billion people.
Problem debts of local govt units 'may be 2 trillion yuan'
2010-10-15 11:33:11
The debts of local government-backed investment units in China reached 7.66 trillion yuan ($1.15 trillion) by the end of June, of which 2 trillion yuan is questionable, China Securities Journal on Thursday quoted an anonymous source as saying.
Bankers jittery about property market
2010-10-15 10:01:00
Uncertainty in the property market remains Chinese bankers' top concern, a survey by the China Banking Association and accounting firm PricewaterhouseCoopers showed on Thursday.
1st Sino-Africa joint cash management system launched
2010-10-14 17:06:46
The Industrial and Commercial Bank of China (ICBC) and Standard Bank of South Africa initiated joint cash management system on Wednesday in Wuhan, Hubei province.
Hong Kong stocks close 1.68% higher - Oct 14
2010-10-14 16:45:27
Hong Kong stocks went up 394.48 points, or 1.68 percent to close at 23,852.17 on Thursday.
Interest rate hike no cure for inflation: expert
2010-10-14 16:23:50
An immediate interest rate hike can hardly contain inflation, and will even have a negative impact on overall economic development, an expert with China's top economic planner said, adding that China needs to get geared up for higher inflation rates.
Central bank sells 3-month bills at unchanged yield
2010-10-14 14:19:04
The People's Bank of China (PBOC) sold three-month bills at a yield of 1.5704 percent in open-market operations, unchanged for the 14th straight sale, according to traders at Industrial and Commercial Bank of China Ltd and China CITIC Bank Corp.
Mainland OKs 2 more Taiwan banks to open branches
2010-10-14 09:34:16
China's banking regulator approved on Oct 13 another two Taiwan banks to set up branches on the mainland.