Search Results for 'China'

China bank pay is the wrong target for reform

HONG KONG: While Western banks get criticised for rewarding failure, those in China are doing the opposite. Despite robust earnings growth, some top-paid Chinese bank heads took home less last year. This may be a response to public discon [...]

Posted On : Apr, 24 2012 | Comments : 0

Australia's ANZ Bank receives Retail RMB license in China

SYDNEY, March 5 (Xinhua) -- Australia and New Zealand (ANZ) Banking Group Ltd announced on Monday it had become the first Australian bank to be fully licensed to offer a wide range of Renminbi (RMB)-related products and services to custom [...]

Posted On : Mar, 05 2012 | Comments : 0

China's Banks Face New Fee Regulations

BEIJING—China's banking regulator has drafted rules to stop banks from charging their customers excessive fees, which have become a focus of rising frustration in a country where customer service is seldom a priority. The new [...]

Posted On : Feb, 13 2012 | Comments : 0

Bank of China Shares Rise on Dividend Savings: Hong Kong Mov...

Bank of China Ltd. led Chinese banking shares higher in Hong Kong after their state-backed shareholder allowed the nation’s biggest lenders to cut dividend payouts, shoring up capital while avoiding share sales. Bank of China, th [...]

Posted On : Feb, 06 2012 | Comments : 0

Chinese banks under pressure to raise cash next year: China ...

SHANGHAI: China's listed banks are expected to raise over 100 billion yuan ($15.78 billion) through equity financing next year as they face pressure to replenish capital due to rapid loan growth and tighter regulation, the China Secur [...]

Posted On : Dec, 27 2011 | Comments : 0

China Bank Crisis Led by Debt Seen by 61% in Global Poll

Most global investors predict China will face a banking crisis within the next five years, paring their appetite for the nation’s shares and eroding confidence in its leadership, a Bloomberg Global Poll indicated. Sixty-one perce [...]

Posted On : Dec, 09 2011 | Comments : 0

China bank regulator warns of local woes

China's banking regulator warned lenders that some projects backed by local governments may run out of funds, and loans to property developers are likely to sour as sales slow, a person with knowledge of the matter said. The China [...]

Posted On : Nov, 18 2011 | Comments : 0

IMF Calls for China Banking Revamp

China needs to revamp its banking system so that it relies more on market mechanisms, such as interest rates, to head off a "steady build-up of financial sector vulnerabilities," the International Monetary Fund said, in its firs [...]

Posted On : Nov, 15 2011 | Comments : 0

Shaky underground banking system raises fears in China

Reporting from Beijing— These are humbling times for a city that flaunts its entrepreneurial success with exotic cars and luxury apartments. Wenzhou, a city in southern Zhejiang province famed for its savvy, risk-taking merchants [...]

Posted On : Oct, 14 2011 | Comments : 0

China’s Banking Regulator Evaluates Trust Loans to Developer...

China’s banking regulator is looking into financing of developers through trust companies as part of a broader evaluation of real estate lending, a person familiar with the matter said. The inquiries by the China Banking Regulato [...]

Posted On : Sep, 23 2011 | Comments : 0

China Stocks: Guyuelongshan, Minsheng Banking, Sinovel Wind

Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of 11:30 a.m. local-time break. The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 6.37, [...]

Posted On : Mar, 22 2011 | Comments : 0

China’s bank-reserve move may raise risks: analyst

The People’s Bank of China plans to set lenders’ reserve requirements monthly on a bank-by-bank basis, and could also adjust the interest it pays for those reserves, according to a report Wednesday in the state-run China Secu [...]

Posted On : Jan, 05 2011 | Comments : 0

China's Central bank targets inflation

Unexpected increase in interest rate should help contain the soaring prices and real estate bubble in the new year. The latest interest rate hike announced by the People's Bank of China highlighted the government's grave concern [...]

Posted On : Dec, 28 2010 | Comments : 0

Baoshan Steel, Minsheng Banking, Vanke: China Equity Preview

The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close. The Shanghai Composite Index, which tracks the bigger of China’s stock excha [...]