Bank of China OKed for 32b yuan of subordinate debt
2011-05-11 14:35:16
The Bank of China has now received regulatory approval to issue up to 32 billion yuan ($4.9 billion) worth of subordinate debt to improve its capital structure.
Stocks rise on strong export growth
2011-05-11 13:21:40
Stocks on the Chinese mainland rose, driving the benchmark index's biggest gain in a week, as a jump in exports to a record bolstered confidence the world's second-biggest economy can avoid a slump in growth.
Hang Seng eyes banking services for business growth
2011-05-11 13:16:24
Hang Seng Bank Ltd expects that wealth management and yuan-denominated trade settlement services in will continue to drive its business in China, after reporting strong earnings for 2010.
CCB raises minimum down payment in Zhejiang
2011-05-11 13:12:00
Home buyers in some parts of China are starting to face increasing mortgage requirements as Chinese state-owned commercial banks are setting higher requirements as part of the new moves to tighten real estate credit.
PBOC drains 80 billion yuan
2011-05-11 11:20:36
China's central bank drained 80 billion yuan ($12.3 billion) from the money markets through 28-day bond repurchase agreements on Tuesday, traders said.
RMB hits new high against US dollar - May 11
2011-05-11 11:10:36
e Chinese currency renminbi, or the yuan, Wednesday gained two basis points from the previous trading day to hit a record new high of 6.4948 per US dollar.
BOC loses out in bonds sales
2011-05-11 10:10:59
Chinese underwriters are losing out to international banks in a record year for issuance of yuan-denominated bonds in Hong Kong. That's as companies seek arrangers that are able to attract the most global investors.
China, US could further strengthen financial co-op
2011-05-10 15:41:27
China and the United States could step up cooperation on financial reform and regulation, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said on Monday.
Chinese shares rise on robust power, material producers
2011-05-10 15:39:03
Chinese shares rose for the second consecutive day Tuesday, led by strong power and material firms.
Beijing expected to push for stable dollar and market access
2011-05-10 14:49:45
China will continue to press the United States during the third round of the China-US Strategic and Economic Dialogue to keep the dollar stable in order to ensure the safety of Beijing's dollar assets, analysts said on Monday.
CBRC stresses shadow banking risks
2011-05-10 13:36:28
China's banking regulator said Monday that it would step up supervision over loans granted by different institutions and strengthen prevention against risks in the shadow banking system since credit risks are "still severe."
Yuan hits new high against US dollar at 6.4950 - May 10
2011-05-10 11:12:50
The Chinese currency renminbi (RMB), or the yuan, Tuesday gained 38 basis points from the previous trading day to hit a record new high of 6.4950 per US dollar.
