Railway ministry's debt ratio under control
2011-05-06 13:26:09
China's fast expansion of high-speed rails has come under increasing scrutiny over concerns that large-scale construction will lead to a debt crisis.
Banking regulator denies reports of down payment rise
2011-05-06 09:30:39
The China Banking Regulatory Commission (CBRC) Thursday refuted media reports that the minimum down payment for the first home buyers would be raised to 50 percent from the current 30 percent.
China's top banks step up lending in April
2011-05-05 10:00:19
China's top four State-owned banks lent 260.6 billion yuan ($40.1 billion) in new yuan loans in April, slightly higher than the 242 billion yuan issued in March, said a Reuters report.
Minsheng Bank to open 3 rural banks
2011-05-05 09:21:26
China Minsheng Banking Corp Ltd said it has received the go-ahead from regulators to set up three more rural banking units, continuing a trend among domestic lenders to tap into the country's rural area.
Central bank to sell 6b yuan 3-month bills
2011-05-04 17:39:24
China's central bank said on Wednesday that it would auction 6 billion yuan ($923 million) of three-month bills in its open market operations on Thursday, down from 11 billion yuan of such bills sold last week.
CITIC Bank to cut property loans by a third
2011-05-04 16:42:24
China CITIC Bank , a second-tier Chinese lender, will cut property loans by at least a third in 2011 from last year, a bank executive said on Wednesday.
Chinese banks can meet tougher standards: Official
2011-05-04 14:35:03
China's major banks have largely met stringent new regulations concerning capital requirements, and no large-scale capital supplements are needed, an official with China's banking regulator has said.
China to keep stabilizing prices as top priority: PBOC
2011-05-04 11:10:04
China will continue to put stabilizing consumer prices and managing inflation expectation as the top priority for macro regulation.
Stricter bank rules will take effect in early 2012: CBRC
2011-05-04 09:50:38
The China Banking Regulatory Commission (CBRC) said on Tuesday that new rules setting tougher criteria for lenders' capital adequacy, provisions, leverage, and liquidity conditions will take effect at the beginning of 2012.
ICBC's int'l settlements exceed $1t in 2010
2011-05-03 14:01:37
The Industrial and Commercial Bank of China (ICBC), the country's largest asset lender, said on Tuesday that its international settlement volume rose 44 percent year on year to reach $1.06 trillion last year.
Huaxia Bank Q1 profits up 30.7%
2011-04-29 17:17:26
Huaxia Bank, a mid-sized lender in China, said on Friday that its first-quarter net profits rose 30.7 percent year on year to 1.71 billion yuan ($263 million).
Banks off to a strong 2011 start
2011-04-29 11:00:38
Higher interest margins are helping Chinese banks to report strong results in the first quarter.