China

China issued 2.81 billion bank cards as of the end of the third quarter, up 4.9 percent from the end of June.

China’s central bank said the requirement for reserve ratio of 16.5 percent for more than 20 rural cooperative banks will expire this month, and it will revert back to 16 percent.

The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years.

China’s sovereign fund now has 60.46% stake in the lender, up from 59.31%.

The move to take advantage of China overtaking of the US to become Brazil’s largest trading partner.

And the remaining stocks from BofA were bought by Chinese investors.

And worse, loans to property developers are doomed to sour as sales slow.

Local banks have been advised to stop selling short-term investment products by the China Banking Regulatory Commission.

A China Construction Bank spokesman said that Bank of America's decision to sell most of its CCB shares will not affect CCB's development.

BofA will sell its remaining 10.4 billion CCB shares to private investors this month.

The last ATM in the country was launched by Co-operative Bank back in 2003.

The ratio of non-performing loans by Chinese banks at the end of September fell 0.6 percentage points to 1.84 percent  less than the end of 2010.

The Chinese government may put up a monitoring system for private lending activities.

HSBC Bank China's capital 's parent company, the HSBC Limited, has replenished its capital with 2.8 billion yuan or US$442 million U.S. dollars.

This is Goldman’s third sale of its ICBC stock since 2006.

Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.