Temasek Holdings Pte has named Ding Wei as country head to grow its business in the world's fastest-growing major economy.
The China Banking Regulatory Commission (CBRC) is drafting a guidance document to adopt a new regulatory framework consisting of four new regulatory tools for commercial banks. The document will be released soon, said the CBRC spokesperson.
The move could raise as much as $7.6b and may open the door for more fundraising
Stocks on the Chinese mainland climbed, driving the benchmark index to a three-month high, as oil producers gained on higher prices and technology shares rose.
China's pace in internationalizing its currency remains "unchanged" despite calls on the country to quicken the process, central bank chief Zhou Xiaochuan said.
China Everbright Bank will issue no more than 12 billion shares in Hong Kong, the bank announced Sunday.
G20 ministers are expected to discuss global monetary reforms during their weekend meeting in Paris, with once again the spotlight being on China.
China's banks should be cautious in using external credit ratings when providing loans to companies, the country's banking regulator said Thursday.
Several Chinese city commercial banks have submitted their applications for an initial public offering (IPO) to the securities regulator, with the Bank of Jiangsu planning to raise up to 10 billion yuan ($1.5 billion) on the A-share market.
Shanghai has applied for central government approval of its plans to build an insurance exchange, according to one of the people responsible.
The investment demand for gold in China increased by 70 percent year-on-year in 2010 due to domestic inflationary pressure and limited investment alternatives.
The Shanghai Composite Index rose for a sixth day on speculation an improving global economy will boost demand for Chinese exports.