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China shares hit two-week low on property jitters

Last Updated: Monday, February 24, 2014, 11:21

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

Last Updated: Thursday, January 09, 2014, 20:55

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

Last Updated: Friday, July 19, 2013, 22:10

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

Last Updated: Monday, June 17, 2013, 18:56

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'

Last Updated: Monday, November 12, 2012, 16:18

"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

Last Updated: Saturday, June 09, 2012, 13:05

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

Last Updated: Thursday, April 05, 2012, 12:08

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.

China to take steps to rein in $1.7 trillion local govt debt

Last Updated: Friday, March 02, 2012, 11:46

Concerned over the USD 1.7 trillion debt of local governments, China said it will take steps to guard against possible defaults which could cause extensive damage to the financial stability of the country's banks.