Local banks gaining ground on 'Big Four'
2011-07-01 09:52:30
While the Chinese still prefer to open accounts in the "Big Four" banks in China, more and more are taking their business to competitor banks in a trend that is becoming more pronounced, according to a study conducted by the consulting firm McKinsey & Co.
Yuan's trading band may soon be widened
2011-07-01 09:34:06
The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday.
Yuan's trading band may soon be widened
2011-07-01 08:09:23
A wider trading range will help to form a market-based exchange rate, a report says.
Sri Lanka designates RMB for banking transactions
2011-06-30 17:05:46
Sri Lanka's Central Bank said in a release Thursday that the Monetary Board has decided to include the Chinese yuan or Renminbi in the list of designated currencies permitted for international transactions through banks in Sri Lanka.
China welcomes new IMF chief
2011-06-30 14:57:40
A spokesman of the People's Bank of China (PBOC), or the central bank, said Wednesday that China welcomes the endorsement of French Finance Minister Christine Lagarde as the new chief of the International Monetary Fund (IMF).
CDB signs memorandum with Taiwan bank
2011-06-30 14:31:11
China Development Bank (CDB), one of the country's three policy banks, signed a memorandum with Taiwan Cooperative Bank on Wednesday to further strengthen cross-border trade and investment.
Australia's 'Big Four' banking on China growth
2011-06-30 14:28:28
Australia's "big four" banks have been intensifying competition to secure a foothold in China, with the Australia New Zealand bank (ANZ), National Australia bank (NAB) and the Commonwealth Bank, all jostling for pole position.
Local gov't debts under control in China
2011-06-30 14:13:50
Local government investment and affordable housing construction will lift China's investment growth by 25.1 percent in 2011, the Agricultural Bank of China (ABC) said in a report on Wednesday.
Shares drop on renewed fears of rate hike
2011-06-30 10:30:00
Stocks on the Chinese mainland fell for the first time in seven days on speculation that some local governments may default on their bank loans and the central bank will continue raising interest rates.
Commerzbank in market for cross-border M&As
2011-06-30 09:40:20
Commerzbank AG said its investment banking business in China will focus mainly on advising and financing Chinese companies' accelerating merger-and-acquisition (M&A) activities in Germany.
China's A-share market shrinks in value
2011-06-30 08:53:36
market value of China's A-share market accumulatively shrank by 903.2 billion yuan ($139.6 billion) in the first half of this year, China Securities Journal reported Wednesday.
Jan-May inter-bank bond issues down 19.6%
2011-06-29 15:51:15
The value of bonds issued on China's inter-bank market fell 19.6 percent year-on-year to 3.2 trillion yuan ($492.31 billion) during the first five months of this year, the People's Bank of China said on Tuesday.
