China

Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply.

The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust.

Chongqing Beibei Citi Lending is the bank’s first lending company located in the western region of China.

The CNY-denominated bonds seen to be released by mid-October.

Sources suspected that a large chunk of the $65.75bn deposits have flowed to the high-yielding private lending markets.

The regulator to assess lenders' interregional expansion after more than 30 of them have expanded beyond their home provinces.

This is the first time that a Chinese commercial bank has established such business overseas.

The MOU to boost German lender’s presence in Asia, particularly in China.

The lender’s Xiamen branch is the second in West Coast Economic Zone after one in Fuzhou.

Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.

F@ST Liquid Data is mainly for the reconciliation between ATM Switch data, ATM Journal data and branch data.

Profits of city commercial banks and joint stock banks surged 55.05% and 46.81% respectively.

China's central bank just took 20 billion yuan or $3 billion out of state-owned banks by forcing them to purchase packages of central bank bills.

The National Housing Bank raised the provisioning requirement for doubtful assets up to 100% while directing housing finance companies to set aside 0.4% of the total outstanding “standard” loans as a buffer.

ICBC increased its loans to small enterprises in the Midwest and Northeast China in the first seven months from 65.6% or 155.2% respectively against beginning of the year.

At the end of June, ICBC traded over 85,000 tons of precious metal, or 3.5 times as much for the whole of 2010, and recorded a turnover of over RMB 840 billion, up 93% against 2010's. The Bank's over 3.7 million precious metal customers represented a fast growing customer base.