China

Royal Bank of Scotland says the 24% rise in aggregate loan to GDP ratio followed by years of de-leveraging could lead to a banking crisis.

Total system credit financing also increased by 71% to Rmb26.7 tn during 2009 and 2010.

The average ratio of non-performing loans of the 17 listed banks reduced from 1.58% at the end of 2009 to 1.14% at the end of 2010, says Ernst & Young.

The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities are already underwriting bonds.

Morgan Stanley Huaxin Securities’ main thrust is underwriting CNY-denominated stocks and bonds for Chinese small-cap companies.

The lender gets nod from shareholders to invest $100mn to set up a commercial bank unit in Sao Paulo.

25 more rate hikes are expected in the coming months.

The PBOC may defer its issuance of three-year central bank bills in its open market operations this week as it didn't ask lenders to report for the product’s demand.

Move is part of China’s scheme of globalizing the currency as many Chinese and foreign businesses tapping Hong Kong's burgeoning market for renminbi debt.

New rules lowering reserve ratio for loans to SME’s designed to get credit flowing back to the country’s suffering small businesses

CBRC measure to help small businesses in some coastal areas whose condition at present is worse than during the peak of 2008 global financial crisis.

Experts expect domestic banking assets to exceed US$30 trillion by 2030. 

China UnionPay cards will now be accepted by all automatic teller machines wned by Peru's Interbank.

Chinese banks may see their asset quality fall at some time in the future if the country's monetary tightening policies and liquidity squeezes continue.

The lender steps up Canada expansion after setting up beachhead by buying 70% of Bank of East Asia (Canada).

Lenders establishing renminbi deposit pools to make way for renminbi-denominated businesses such as trade finance and lending.