Last Updated: Thursday, October 10, 2013, 18:44
China accelerated plans to internationalize its currency on Thursday by agreeing to swap euros and yuan with the European Central Bank in a deal that is set to be China's second-largest to date.
Last Updated: Sunday, September 15, 2013, 17:53
Jim Yong Kim is making a four-day visit focusing on issues relating to carbon emission reductions and China's urbanisation push.
Last Updated: Thursday, August 29, 2013, 21:55
The Industrial and Commercial Bank of China (ICBC), the country's largest lender, posted a profit of 138.5 billion yuan (USD 22.3 billion), registering a year-on-year increase of 12.4 percent.
Last Updated: Tuesday, July 30, 2013, 09:20
Short-term money rates in China have been rising steadily in recent weeks as the end of July approached and Chinese companies and banks stocked up on cash to make dividend payments and get books in order.
Last Updated: Wednesday, July 24, 2013, 17:44
Wells Fargo & Co. of the United States is now worth USD 236 billion, according to the New York Stock Exchange, where it is listed, while Chinese figures show ICBC's value has fallen to around USD 223 billion.
Last Updated: Saturday, June 29, 2013, 15:04
China's bank regulator said today that a recent liquidity squeeze would not hurt the stability of the banking system, in the latest government effort to soothe concerns over the funding shortage.
Last Updated: Tuesday, June 25, 2013, 19:18
For more than two weeks, funds have been in short supply on China's interbank market and the interest rates banks charge to lend to each other have surged to record highs.
Last Updated: Sunday, June 23, 2013, 18:26
To diversify its foreign exchange investment and strengthen financial relations, Nepal has signed a Memorandum of Understanding with China.
Last Updated: Sunday, June 23, 2013, 10:32
The Bank of England and the People's Bank of China have signed an agreement to establish a reciprocal, three-year sterling-yuan currency swap line, Britain's central bank announced.
Last Updated: Monday, June 10, 2013, 09:20
Chinese banks scaled back lending in May from April, the central bank said, prompting analysts to warn Monday of threats to growth in the world`s second largest economy.
Last Updated: Tuesday, May 21, 2013, 11:21
Ending a seven-year old investment, Goldman Sachs Group Inc sold its remaining shares in Industrial and Commercial Bank of China.
Last Updated: Friday, May 17, 2013, 19:56
India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.
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