China eases housing tax, lending rules to fight downturn

The policy sweeteners, which were more generous than what the market had expected, confirmed rumours swirling in China on Monday that authorities were increasing support for the flagging real estate sector.

Washington says waiting for China response on tech rule concerns

The Obama administration is waiting for China to respond to concerns raised about planned new rules pushing Chinese banks to purchase high-tech products from domestic vendors, a senior State Department official said on Monday.

China's bankers enjoy first pay hike since global financial crisis

Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks.

Top Chinese banks post impressive profits

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.

China's banks warned to be prudent in setting rates

Chinese banks took control of setting loan interest rates today as the country's central bank warned them to be prudent and alert to credit risks.

Major irregularities in bank loans in China: Auditors

State-owned Chinese banks granted loans worth USD 4.6 billion without proper procedures or necessary guarantees, auditors said Thursday, amid fears of a banking crisis due to bad debts.

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 cut lending in May: central bank

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.

Bad loan risk looms large over Chinese banking sector

That risk might worsen as local governments have attempted to unleash a new round of stimulus packages amid the current economic downturn, market analysts have said.

China's premier calls for breaking bank monopolies

Premier Wen Jiabao, China's top economic official, says its state-owned banks are monopolies that must be broken up, acknowledging mounting economic and political pressure to reform an industry whose vast profits are fuelling public anger.

China forex reserves dip for the 2nd month in Dec

China's foreign exchange reserves amounting to over USD 3 trillion declined for the second straight month in December, snapping the trend of years of accumulation.

Chinese banks' forex surplus rises to $37.8 bn in August

Chinese banks' foreign exchange surplus from bank-to-client transactions touched USD 37.8 billion in August, the country's foreign exchange watchdog said.

10 Chinese banks report better-than-expected profits in H1

Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan (USD 72.11 billion) for the first half of 2011 amid fiscal tightening measures by the government.

'Chinese banks may face capital stress after Basel III'

Chinese banks may face substantialstress in capital after the implementation of Basel III accord, the norm stipulated by G-20, a former deputy governor at the People's Bank of China has said.