finance

The China Banking Association asked its member banks Thursday to reduce or even cancel some charges imposed on low-income earners. The move is being regarded as a social corporate responsibility call to help ease the financial burden on financially-challenged people as inflation ...
The majority of global fund managers polled are taking an overweight view on assets in fast growing regions such as the emerging markets overall and Asia-Pacific ex-Japan in the last quarter this year, said HSBC in its latest fund managers' survey released on Thursday. Seventy...
Chongqing Rural Commercial Bank Co fell on its first day of trading in Hong Kong, after raising HK$11.5 billion ($1.48 billion) in the city's fifth-largest initial public offering this year. The shares reversed earlier gains, declining 3.2 percent to HK$5.08 at the morning close ...
China's banking regulator said Thursday it was requiring commercial banks in the country to be more prudent and strict in assessing credit risks amid concerns that new lending for the last month of the year could be more difficult to obtain. The nation's central bank figures ...
DBS Group Holdings Ltd Wednesday said it will take over Royal Bank of Scotland Group's retail and commercial banking businesses on China's mainland. The deal gives Southeast Asia's biggest bank access to RBS's 25,000 clients in Shanghai, Beijing and Shenzhen, Singapore-based DBS ...
China will probably target a limit of about 7.5 trillion yuan ($1.1 trillion) in new loans next year, the same as this year's target, a leading official newspaper reported Tuesday, an indication that policy could be slightly looser than expected. Control of credit issuance is one ...
The Australian Branch of the Bank of China (BOC) has made every effort to provide service to the Chinese enterprises which invest in Australia, said a senior BOC banker on Monday. Wu Shiqiang, BOC's General Manager and Country Head in Australia, told Xinhua that the Australian ...
China has extended a selective rise of the reserve requirement ratio for six large banks for another three months after an initial two-month period in its latest move to soak up liquidity, industry sources said yesterday. The 50 basis-point increase announced in mid-October was ...
The Hong Kong Mortgage Corporation Limited (HKMC) held a signing ceremony for the SME Financing Guarantee Scheme on Monday, with a total of 21 banks expressing their interest in joining the scheme. The HKMC announced that there will be a guarantee fee promotion for the first six ...
Foreign banks have strengthened their expansion efforts in China, which remains one of the fastest growing economies in the world, as the global economic meltdown is ebbing. "We plan to build 15 more branches in China within three to five years, and our target clients are small ...
New yuan-denominated lending in China in November dropped to 564 billion yuan from 587.7 billion yuan in October, the People's Bank of China (PBOC), China's central bank, said Friday. The new lending was 269.2 billion yuan more than the lending in November last year. The new ...
The credit environment for business may be improving in Australia, according to the November commercial credit index from banking researchers East & Partners. Statistics show that just over 40 percent of mid-sized businesses surveyed intend to increase the size of their lending, ...
Citigroup, the third-largest US bank by assets, expects to achieve more than 50 percent revenue growth in its investment banking business in China next year, thanks to an abundant capital flow and a strong deal pipeline, according to one of the financial group's top executives in ...
Riding on the sizzling performance of China's Growth Enterprise Board (GEB), yuan-denominated funds further consolidated their strength in the domestic venture capital (VC) and private equity (PE) markets outdoing their US dollar counterparts in the first 11 months of 2010. Among ...
Dealmakers, brokers and bankers with black portfolios containing information on European companies or stakeholdings for sale are fervently knocking at the doors of Fosun, the largest privately owned conglomerate in China. This comes after Guo Guangchang, Fosun's chairman and one ...
The amount raised globally from initial public offerings this year is on track to set a record high, according to Ernst & Young, despite waves of market volatility which disrupted many planned listings. Fueled by a booming Asian market - which has accounted for 64 percent of ...
China's Ministry of Finance said Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent. The bonds, with a total face value of 28 billion yuan (about 4.2 billion U.S. dollars), will be sold over five days starting ...
China's credit supply this year has exceeded 7.5 trillion yuan by the end of November, according to sources. It is estimated that new loans in November reached about 600 billion yuan, Shanghai Securities News reported Tuesday. Hu Xiaolian, deputy governor of the People's Bank of ...
China may raise banks' reserve requirement ratio at the start of next year to curb capital inflow and control lending rates, central bank adviser Li Daokui has said. Interest rates will be raised gradually in 2011 and policy makers will also study global economic conditions, Li ...
FXDD, a leading online Forex broker, announced that the firm has completed its move to new offices totaling 40,000 square feet at 7 World Trade Center, located at 250 Greenwich Street in downtown Manhattan. FXDD formerly occupied space at 75 Park Place. FXDD signed a 13-year ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...