China
Over 30% of enterprises worry about the tightening of bank lending in 2011
67.4% of companies in China experienced overdue payment in domestic sales in 2010.
Over 30% of enterprises worry about the tightening of bank lending in 2011
67.4% of companies in China experienced overdue payment in domestic sales in 2010.
BEA to put up 22nd branch in China
By June, Bank of East Asia will have 22 branches in the Chinese mainland.
ICBC's cross-border yuan settlement exceeds $22.83B
ICBC handled more than US$22.83 billion or 150 billion yuan of cross-border trade settled in its own currency in January. This is according to a statement released on the bank's website.
China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
CDB aims to double the $118.6B grassroots lending
China Development Bank witnessed the robust growth of grassroots finance in 2010.
ICBC starts process restructuring and service innovation
ICBC will increase core competence and maintain sustainable development through process restructuring, improved innovation and service capability.
ABC takes majority stake in Jiahe Life
ABC will hold 51 per cent stake of Jiahe Life, becoming the controlling shareholder. Shares held by the former five shareholders of Jiahe Life accounted for 49 per cent of the total, with 9.8 per cent respectively.
Maybank eyes more media exposure in China
Maybank has entered into a strategic partnership with Xinhua News Agency.
Chinese banks' capital adequacy improves in Q4
China's banking regulator announced that the country's commercial banks had improved their capital adequacy at the end of last year.
China Construction Bank keen on opening Taiwan office
CCB is the only lender among China’s to four that is yet to get approval from Taiwanese regulator.
People's Bank of China denies liberalising deposit rates
China’s central bank has vowed to adopt a more market-based system for setting interest rates but has proceeded cautiously.
ICBC pledges support for China's publishing industry
ICBC agreed to loan at least US$9.1 billion to China's press and publication sector over the next five years.
CCB brokerage unit to increase research team by 40%
The move is seen to increase the company’s competitiveness in wooing investors for financial services in China.
AgBank to acquire 51% stake in Jiahe Life
The lender plans to subscribe to 1.04 billion new shares to be issued by the insurer worth $392.55mn overall.
ABC to speed up pace of development in 2011
ABC will build itself into an outstanding large listed bank beginning 2011.
ICBC posts 500,000 cash management customers for 2010
ICBC secured the first place in the ranking of Chinese cash management banks by scoring more than 500,000 customers as of the end of 2010.
China Everbright Bank upgraded due to stable government control
Moody's upgraded China Everbright Bank's (CEB) long-term foreign currency deposit ratings to Baa3 from Ba1. It also upgraded its short-term foreign currency deposit ratings to Prime-3 from Not-Prime. The outlook is stable.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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