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...ws reports. In 2007, revenues from unlicensed lending topped USD120 bn, according to a report by the China Banking Regulatory Commission.   No More Free Bags The ban for giving away ...
Tuesday, 15 July 2008

... flights.   Overseas Banks Increase Assets in China According to a new report by the China Banking Association, the total assets of overseas banks in China topped USD193 bn as of Marc...
Wednesday, 09 July 2008

Beijing Raises Minimum Wages Beijing has decided to increase the capital's minimum wage by 10 per cent, state media reports. As of 1 July, the minimum salary for city employees will rise from RMB730
Monday, 30 June 2008

...ent, diabetes treatment, animal health and over-the-counter drugs. Deutsche Bank Sets Up Investment Banking Deutsche Bank and Shanxi Securities agreed to set up an investment banking joint v...
Sunday, 29 June 2008

Deutsche Bank Sets Up Investment Banking Deutsche Bank and Shanxi Securities agreed to set up an investment banking joint venture, the South China Morning Post reports. The German bank will hold a 3
Saturday, 28 June 2008

Number of Credit Cards Doubles The number of Chinese credit cards has almost doubled within a year, to reach 104.73 million at the end of March, the People's Bank of China said earlier this week. Se
Thursday, 26 June 2008

...s that have been given the green light to invest in insurance companies.   Known for keeping banking and insurance sectors detached for fear of threat to its financial system, the gover...
Wednesday, 25 June 2008

...nd unlisted Chinese companies. Daiwa Securities is reportedly set to invest USD80m, while its investment banking venture Sumitomo Mitsui Financial Group will pledge another USD20m. The Hope Fu...
Wednesday, 25 June 2008

...fied Domestic Institutional Investors) programme, allowing investments by companies regulated by the China Banking Regulatory Commission, Forbes reports. ...
Wednesday, 11 June 2008

...eaving the employees little choice but to pay big money to resign. ICBC Wins Approval for Investment Banking in Hong Kong ICBC is being permitted to set up a wholly-owned investment banking u...
Sunday, 08 June 2008

Spanish Bank Applies For QFII Investment Banco Bilbao Vizcaya Argentaria, Spain's second-largest financial group, has applied to invest USD200m in China's capital market under the Qualified Foreign
Thursday, 05 June 2008

Bank of Shanghai Co. has appointed Citic Securities Co., Guotai Junan Securities Co. and Shenyin & Wanguo Securities Co as underwriters for its preliminary public offerings in China, laying th
Thursday, 05 June 2008

...es. The planned pipeline is slated to be 2,000 km long.   ICBC Wins Approval for Investment Banking in Hong Kong ICBC is being permitted to set up a wholly-owned investment banking u...
Wednesday, 04 June 2008

... offered HKD156.5 per share, more than other bidders, including ICBC and the Australia & New Zealand Banking Group, were prepared to pay. The offer values the Hong Kong bank at USD4.7 bn, Dow J...
Saturday, 31 May 2008

Foreign banks hoping to set up operations in rural China can look forward to streamlined banking rules as the country is looking to improve financial support for farmers as well as narrow the wealth g
Wednesday, 28 May 2008

...zil, India and Russia.   HSBC Buys 73 Per Cent of India's IL&FS Hongkong and Shanghai Banking Corporation (HSBC) has bought a 73.21 per cent stake in retail broker IL&FS Inve...
Sunday, 25 May 2008

Bosch Builds New R&D Centre Germany's Bosch Group said it has started construction of a new R&D headquarters in Shanghai's Hongqiao Linkong Economic Park. The RMB1,3bn centre will be complet
Tuesday, 20 May 2008

...azil, India and Russia.   HSBC Buys 73 Per Cent of India's IL&FS Hongkong and Shanghai Banking Corporation (HSBC) has bought a 73.21 per cent stake in retail broker IL&FS Inve...
Monday, 19 May 2008

...making it the first foreign bank in the country to do so.   Reuters reports that Chinese banking regulators have laid down to BEA that its IT support and data centres must be locate...
Thursday, 15 May 2008

20. Foreign Banks Spare the Ax in China
(News/News May 2008)
As lay offs in the banking sector increases, foreign banks, which have felt the sting of the US mortgage crisis, have on the whole spared the cleaver in high-growth markets in China and other Asian re
Wednesday, 14 May 2008

The 10 ASEAN members, China, Japan and South Korea have agreed to pledge USD80 bn for a currency reserve fund to guard against a possible financial crisis.   China, Japan and South Korea
Tuesday, 06 May 2008

...o public funds licensed by the U.S. Securities Exchange Commission, according to a statement by the China Banking Regulatory Commission. Chinese banks are now permitted to also invest on behalf of ...
Sunday, 13 April 2008

...o public funds licensed by the U.S. Securities Exchange Commission, according to a statement by the China Banking Regulatory Commission. Chinese banks are now permitted to also invest on behalf of ...
Thursday, 10 April 2008

Chinese Bank Eyes African Lender An unnamed Chinese bank is in talks with South Africa's second-largest lender, First National Bank, with a view to acquiring a major stake later this year, accordin
Monday, 07 April 2008

...ysts argue that even the 8 per cent figure is grossly understated.   HSBC Starts Private Banking in China HSBC launches its private banking services in China this week. The compan...
Sunday, 06 April 2008

...orbes reports. China Business News adds that salaries in state-protected industries, such as securities, banking and aviation, reached an average level of more than RMB100,000 in 2007. At the ...
Thursday, 03 April 2008

...arks. No investment details for the new zone have yet been disclosed.   HSBC Starts Private Banking in China HSBC launches its private banking services in China this week. The compan...
Tuesday, 01 April 2008

Hong Kong's GDP Grows 11.7 Per Cent Hong Kong's gross domestic product for 2007 is estimated at HKD447.2 bn, the Census and Statistics Department of the Hong Kong Special Administrative Region sai
Friday, 21 March 2008

Deutsche Bank Increases Huaxia Bank Stake Deutsche Bank has paid USD550m to increase its stake in China's Huaxia Bank, from 9.9 per cent to 13.7 per cent, AFP reports. The German bank bought its exi
Friday, 21 March 2008

Hong Kong's GDP Grows 11.7 Per Cent Hong Kong's gross domestic product for 2007 is estimated at HKD447.2 bn, the Census and Statistics Department of the Hong Kong Special Administrative Region said
Thursday, 20 March 2008

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