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'Let yuan play a bigger global role': CCB chief

2010-11-17 10:45:27

China's yuan should be "immediately" included in the special drawing rights (SDR) basket of the International Monetary Fund (IMF), a top Chinese banker said on Tuesday, adding that the greater status of the yuan will help stabilize the global financial system.

China's major banks deny suspension of real estate loans

2010-11-16 09:20:10

China's top four banks on Monday rejected reports that they would stop lending to real estate developers for the remainder of the year.

Banks deny halting loans

2010-11-15 16:10:24

China's four biggest State-owned commercial banks have denied reports that they will not issue fresh loans to developers before the year end, 163.com reported Monday.

Foreign experts warn against sharp appreciation of yuan

2010-11-15 14:28:51

The reform of China's exchange rate regime for its currency, the renminbi (RMB), has to proceed with caution to avoid a "big shock" to the world economy, foreign experts said Monday.

China to consider hot money policies: Report

2010-11-15 14:12:15

China may deploy a mixture of policies to fend off hot money, an official paper cited a central bank executive as saying at the weekend, amid worries that the United States' policies could create unwelcome flows of capital toward China.

China banks halt new credit to developers this year: Report

2010-11-15 10:01:11

China's four biggest State banks have used up their full-year credit quotas for property developers and will stop extending new loans to them for the rest of the year, an official newspaper reported on Sunday. Banks deny halting loans

Citibank opens its 10th mainland branch in SW China

2010-11-13 09:37:55

US-based bank Citibank opened its tenth branch on the Chinese mainland Friday, in Guiyang, capital of Southwest China's Guizhou province.

Indonesia's largest bank gets permit to open in Shanghai

2010-11-12 15:14:32

After three years of waiting, Indonesia's largest lender Bank Mandiri has obtained a permit to open a branch in Shanghai, China. It is the first step for the bank into the world's most populous country, the Jakarta Globe daily quoted an executive as saying on Friday.

Boost to Chinese presence in Qatar

2010-11-11 13:54:12

The Qatar Financial Center Authority (QFCA) is in talks with a dozen Chinese financial institutions including State-owned banks to facilitate the expansion of Chinese companies in the Middle Eastern country, the authority's top executive said on Wednesday.

ICBC chief sees China tightening policy further

2010-11-11 13:45:26

China's central bank is likely to tighten monetary policy further to fight a flood of liquidity, Jiang Jianqing, the chairman of Industrial and Commercial Bank of China (ICBC), the world's largest lender, told Reuters.

ICBC to raise $6.8b in HK, Shanghai rights issue

2010-11-11 13:10:35

Industrial and Commercial Bank of China (ICBC), the world's most valuable lender, said on Thursday it plans to raise 45 billion yuan ($6.78 billion) through a rights issue this month to replenish capital.

PBOC to raise reserve ratio

2010-11-11 09:09:34

The People's Bank of China on Wednesday said it will raise the required reserve ratio for all lenders by 50 basis points, its fourth increase this year, amid rising liquidity partly caused by quantitative easing in the United States. China may face more inflation pressure in '11: Analyst

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