China

Citigroup, Inc. has become the first western bank and the second foreign bank permitted to issue its own credit card brand in China. It is the world’s largest issuer of credit cards.

The Multi-Function Cash Recycler H68NL works with Palm Vein Biometric Solution and Video Analyzer Tool.

China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy.

China’s deposits are slowing down which may force banks to raise more money.

In a recent teleconference, Fitch analyst Charlene Chu warned earnings growth is not strong enough and banks will be forced to raise equity.

Beyond the noise generated by the European sovereign debt crisis and the seemingly unending debate about reducing the U.S. federal fiscal deficit, we believe macroeconomic fundamentals are evolving just as they might be expected to in the wake of the financial crisis of 2008-2009.

China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015.

China's state-owned Export-Import Bank will will provide a $41 million loan for the bridge and port in the Bahamas.

Standard Chartered is encouraged by the policy outlook for India and China this year.

THe total value of transactions using ICBC bank cards surpassed RMB 3.2 trillion.

ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion.

ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.

BOC has awarded contracts to GRG Banking Equipment Co Ltd for new automated teller machines and ATM management software.

Foreign banks and the Chinese government brace themselves for the inevitable economic slowdown.

Reshuffle in China’s financial leadership brought about appointment of Jiang Chaoliang as Agbank chair and Wang Hongzhang as CCB chairman.

The Chinese bank in talks with 3 banks and may shell out US$600mn in the move.