China

Cloud Computing is anticipated to reap potential revenue of USD 800 billion and the industry is being hailed by analysts as one of the most pervasive technologies to businesses since the widespread adoption of the internet.[1] China is seeking to capture around 19 percent of this market with anticipated revenues of USD 154 billion (or RMB 1 trillion).[2] The Chinese government views Cloud Computing as a great enabler for the future and has cited it as a ‘Strategic Emerging Industry’ within the 12th Five Year Plan. Across China, the level of investment from both state-owned and private enterprises is far outstripping the investments being made across the world. Cloud becomes an enabler for “virtualising a nation”.

CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.

The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.

The China Banking Regulatory Commission has approved the establishment of a regional bank in the Tibet Autonomous Region with initial capital adding up to 1.5 billion yuan or 233 million U.S. dollars.

The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.

Bank of China announced that it has provided more than 12 billion yuan or 1.9 billion U.S. dollars of loans to support Tibet's development over the past ten years.

The lender opted to not to raise capital despite regulator’s imposition of tougher requirements.

The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes in mainland banks.

The lender to issue up to 2.2 shares for every 10 existing shares to comply with stricter capital requirement in China.

Despite its lock-up period will begin expiring in July, none of the bank's key investors in its Hong Kong shares have hinted of selling their stake,

Sberbank would offer its shares in China during a global roadshow this fall.

Bank of China will continue to expand its overseas network despite becoming much more reliant on the domestic market in recent years. "By 2020, we expect to become a truly world-class bank," a China Daily report quoted BOC president Li Lihui as saying. The priority of setting up new overseas branches will be Asia in the next half year, Li told the newspaper.

The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.

ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.

As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB 1 trillion.

The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.