China

Hang Seng Bank held a Board of Directors meeting in Yantai City to express its strong commitment to mainland China. Yantai in Shandong province is home to one of the Bank's strategic partners, Yantai Bank.

ICBC launched a new "anti-phishing" control to enhance customers' anti-fraud capacity and guarantee information security of Internet Banking. This new security control is able to directly detect whether the websites customers visit are safe, hence enabling customers, even those who are in lack of knowledge about Internet security, to judge the authenticity of the visited website in an easy and convenient way. Therefore, it is an effective tool for customers to recognise and prevent phishing sites.

They musn't be reading the same newspapers as us, because China Minsheng Bank is planning to issue 15 million credit cards over the next three years.

Just days after buying CCB shares from Bank of America, China Life Insurance chief Yang Chao says he would consider selling the shares.

Mrs Dorothy K Y P Sit, Director of Hang Seng China, will be appointed as Chief Executive of Hang Seng China. She is currently General Manager and Chief Operating Officer of Hang Seng Bank.She will replace Mr Johnson Fu, Chief Executive of Hang Seng Bank China Limited, who has resigned for personal reasons. Fu joined Hang Seng Bank as Deputy General Manager and Head of China Business in 2005. He became Chief Executive of Hang Seng China when it was set up in May 2007.Sit began her career with The Hongkong and Shanghai Banking Corporation Limited in 1976 after receiving her Master of Business Administration degree from the Chinese University of Hong Kong.She worked in a variety of positions in retail banking, operations and systems, mainland China project finance, products and services development, marketing, savings and retail investments. She was appointed Senior Executive Deputy Head of Personal Financial Services in 2002, with responsibility for customer service and sales delivery in Hong Kong.In January 2004, Sit was appointed Head of Personal Financial Services, Hong Kong, with responsibility for overseeing The Hongkong and Shanghai Banking Corporation Limited's personal financial services development in Hong Kong. She was appointed Director of Bank of Shanghai in 2004-2005.Sit joined Hang Seng Bank in December 2005 as General Manager. She was appointed Chief Operating Officer in January 2006, and Director of Hang Seng Bank (China) Ltd in June 2007.

Crazy Chinese bank lending continues apace with news that three of China’s government-controlled banks have just lent over US$6 billion to an airline that lost $2 billion last year.

It’s three down, one to go. The Agricultural Bank of China, the sole unlisted bank in China’s ‘big four’ is set to launch its IPO and raise USD12 billion in the process, according to Bloomberg. But why does the bank want to go public in the midst of a global recession?

ANZ branches are now in the north, centre, and south of mainland China after the China Banking Regulatory Commission allowed it to open a branch in Guangzhou.

Massive government-directed lending by China's top banks to roads and railroads risk repeating credit mistakes of 90's which cost $650 billion to clean up, warns Fitch.

Huishang Bank, China’s first joint-stock commercial bank originating from the restructuring of city commercial banks and urban credit cooperatives, has selected Teradata Corporation to build its enterprise data warehouse (EDW). The EDW will address regulatory requirements in operations, risk management, and capital management.

ANZ will open additional branches and establish a new rural bank in western China in its thrust to become a leading foreign bank in China. It is now completing final regulatory approvals for the establishment of a new rural bank in Liangping, a county near the western city of Chongqing, with a population of more than 900,000 people.

Ningbo goes live with Misys Opics Plus to manage increased trade volumes, strengthen risk practices and to develop derivative business.