Business / Finance

Macao's RMB credit cards up 40%

[2013-02-15 11:21]

A total of 648,881 personal credit cards in circulation by the end of the fourth quarter of 2012, said the Monetary Authority of Macao SAR.

China's new loans soar in January

[2013-02-08 16:55]

China's new yuan-denominated lending soared to 1.07 trillion yuan ($170.4 billion) in January, up 334 billion yuan year on year.

Record liquidity added for holiday spending spree

[2013-02-08 10:11]

China's central bank has injected a record amount of cash into banks via open market operations to ease liquidity ahead of the holiday spending spree.

Offshore RMB to be HK's 2nd largest source of deposits

[2013-02-01 11:02]

Hong Kong's offshore renminbi deposits, excluding Certificate of Deposits, could account for over 25 percent of total deposits in the city by 2015.

HK's RMB deposits up 5.6% in Dec

[2013-02-01 10:01]

Renminbi deposits in Hong Kong increased by 5.6 percent to 603 billion yuan($96.8 billion).

Foreign banks in Shanghai earn 12.5b yuan in profits

[2013-01-29 17:38]

Foreign capitalized banks in Shanghai earned total profits of 12.5 billion yuan in 2012, their strongest ever performance.

Banking assets growth slowed down in 2012

[2013-01-29 17:37]

China's joint-stock commercial banks surpassed urban commercial banks in assets growth rates.

China sees rising capital inflows

[2013-01-25 16:14]

China saw rising capital inflows as banks bought more foreign currency than they sold for clients between September and December.

Chinese insurers loses momentum in 2012

[2013-01-25 09:28]

The growth of Chinese insurance companies' premium income slowed in 2012 after decades of robust increases.

China's Q4 property loans accelerates

[2013-01-25 09:19]

Loans to the Chinese property sector accelerated in the fourth quarter of 2012 as the industry showed signs of recovering.

NPL rate increased in Shanghai in 2012

[2013-01-24 17:15]

Non-performing loans held by banks in Shanghai in 2012 were worth over 27 billion yuan ($4.3 billion), with a NPL rate of 0.66 percent, up 0.06 percent year-on-year.

CITIC Securities net profit plummets 66% in 2012

[2013-01-24 16:35]

Net profit at CITIC Securities is forecasted to have plummeted 66.17 percent to 4.26 billion yuan in 2012 from the previous year.

China issues 30b yuan in seven-year T-bonds

[2013-01-24 10:53]

The Ministry of Finance announced Wednesday that it will issue 30 billion yuan ($4.78 billion) in seven-year book-entry treasury bonds.

Banks see cross-border yuan business surge

[2013-01-24 10:30]

The yuan-denominated cross-border business of two major Chinese banks - Industrial and Commercial Bank of China Ltd and Bank of China Ltd - surged in 2012.

HSBC opens 28th branch in Chinese mainland

[2013-01-24 10:06]

HSBC China opened its 28th branch in the Chinese mainland in Nanning, capital of south China's Guangxi Zhuang autonomous region.

Yuan sees more international use in Nov

[2013-01-22 14:09]

An index measuring the yuan's global use rebounded in November on broad-based pickup in activities and hit a new high of 737 from October's 731.

Everbright Securities 2012 profit down 33.84%

[2013-01-21 10:05]

Net profit of the Everbright Securities went down 33.84 percent year-on-year to 1.02 billion yuan ($163 million) in 2012.

Minsheng Banking '12 profit up 34.5%

[2013-01-19 17:29]

Net profit at China Minsheng Banking Corp Ltd surged 34.51 percent year-on-year to 37.56 billion yuan ($5.96 billion) in 2012.

Chinese brokerages' profits tumble

[2013-01-17 13:09]

The total net profits of China's securities brokerages plunged 16.4 percent year-on-year in 2012 partly due to the country's lackluster stock market.

27.5b yuan in lock-up shares to become tradable

[2013-01-14 09:13]

China's stock market will see lock-up agreements on non-tradable shares worth 2.75 billion yuan ($438.51 million) expire next week.

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