China offers banks $91 billion ahead of holiday

China offers banks $91 billion ahead of holiday

China's central bank has pledged more than 600 billion yuan (USD 91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.

Enough space for China banks to complement India story: Kochhar

ICICI shares are listed in India on BSE and NSE, while its American Depositary Receipts are listed on the NYSE.

China bank lending slowed in April: Central bank

Domestic banks extended new loans of 707.9 billion yuan (USD 115.9 billion), the People's Bank of China (PBoC) said in a statement, down from 1.18 trillion yuan in March.

China makes big cut in bank reserve requirement to fight slowdown

The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.

Hit by slowdown Chinese banks profits shrink to single digits?

Profit growth for China's five biggest banks slowed to single digits last year.

China's big five banks rise on draft deposit insurance rules

Mainland listed shares in China`s big five banks jumped on Monday but later pared gains, after the country issued draft regulations to introduce a bank deposit insurance scheme for the first time.

China's bad bank loans climbs to $112.84 billion

The non-performing loans for commercial banks in China climbed to USD 112.84 billion in the last four months, registering a increase of 1.08 percent, and sparking concerns a slow economy could weigh on banks.

China shares hit two-week low on property jitters

China shares tumbled to their lowest in two weeks early on Monday, hurting Hong Kong markets, roiled by mainland news reports saying banks have begun tightening property loans.

China seeks more info from banks amid concerns over debt

China's major banks have been asked to publish data on 12 key indicators, including off- balancesheet assets, to enhance their transparency amid concerns over looming debt crisis due to heavy borrowings by the provincial governments.

China lifts controls on lending rates to halt economic slide

In a big liberalisation step, China today lifted controls on banks allowing them to set their own lending rates, a move to arrest slowdown and spur growth.

Chinese banks see smaller forex surplus

The forex surplus hit USD 17.2 billion in May, marking the ninth straight month of surplus in bank-to-client forex transactions, the State Administration of Foreign Exchange (SAFE) said.

'Chinese banks largely healthy despite potential risks'

"The banking system's risk is under control and the non-performing loan ratio, 0.97 percent, is low," Shang Fulin, chairman of the China Banking Regulatory Commission, told reporters.

China's banking assets top $16.8 trillion

The number of business outlets of financial institutes totalled 200,000 as of the end of 2011 and the sector's workforce added 111,000 people from a year earlier to reach 3.19 million, said the report on the country's regional financial operation in 2011.

China to end monopoly of state-owned banks

Challenging for the first time the monopoly of the state-owned banks, China has announced plans to broaden the financial sector reforms by allowing private capital financing.