Chinese Banks

China's top two banks won't lend to Adani's Australian coal mine

China's top two banks won't lend to Adani's Australian coal mine

Australian and overseas banks have balked at granting loans for the project, which environmentalists oppose due to climate change and the potential for damage to the Great Barrier Reef.

Dec 04, 2017, 09:54 AM IST

Users opting mobile payments exceed 520 million in China

The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).

Nov 23, 2017, 12:05 PM IST

China's central bank tells banks to stop doing business with North Korea

Chinese banks received the document on Monday, the sources said.

Sep 21, 2017, 16:56 PM IST

China's fifth-largest bank downgraded to junk status

China's fifth-largest state-owned bank has had its credit rating downgraded to junk status by Moody's, the latest sign of fragility in the country's financial system.

Sep 07, 2017, 18:24 PM IST

China's shadow banking rebounds in March, household loans surge despite curbs

China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.

Apr 14, 2017, 18:21 PM IST
Thousands lose jobs as China's state-owned banks cut costs

Thousands lose jobs as China's state-owned banks cut costs

China's biggest state-owned banks retrenched thousands of staff members as the country's banking industry faced its most challenging year amid a slowdown in the world's second biggest economy.

Sep 07, 2016, 19:39 PM IST
Capital flows out of China slowing: Beijing

Capital flows out of China slowing: Beijing

The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed today, despite the yuan's persistent weakness making it less attractive to hold.

Jul 21, 2016, 17:28 PM IST

Chinese central bank injects $15.4 billion into market

 The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending.

Mar 31, 2016, 13:39 PM IST
Samsung follows Apple with launch in China of mobile payment

Samsung follows Apple with launch in China of mobile payment

South Korea`s Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago.

Mar 29, 2016, 15:27 PM IST
Bank of China appeals disclosure order in counterfeit case

Bank of China appeals disclosure order in counterfeit case

The Bank of China is appealing a decision by a New York court to fine it USD 50,000 a day for withholding information about counterfeiters' bank accounts in China.

Dec 03, 2015, 17:21 PM IST

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.

Mar 31, 2015, 09:58 AM IST

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.

Mar 03, 2015, 03:18 AM IST

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.

Dec 25, 2014, 06:07 AM IST

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.

Aug 29, 2013, 21:55 PM IST

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.

Jul 20, 2013, 21:44 PM IST

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.

Jun 27, 2013, 21:54 PM IST

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.

Jun 17, 2013, 18:56 PM IST

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.

Jun 10, 2013, 09:20 AM IST

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.

Sep 02, 2012, 15:23 PM IST

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.

Apr 04, 2012, 09:26 AM IST