Third-party payment licenses granted to 27 firms
2011-05-27 09:30:31
The People's Bank of China offered third-party payment licenses to 27 companies including Alipay, Unionpay and a unit of Tencent Holdings Ltd, the central bank said in a statement posted on its website on Thursday.
Banks given capital adequacy ratio timetable
2011-05-27 09:21:10
The China Banking Regulatory Commission (CBRC) on Thursday required six major banks to submit the results of their capital-adequacy ratio (CAR) calculations before June 3.
Dagong downgrades UK credit
2011-05-24 13:10:38
China's first domestic rating agency, Dagong Global Credit Rating Co Ltd, on Tuesday downgraded the local and foreign currency long-term sovereign credit rating of the United Kingdom by one level to A+ from previous AA- with "negative" outlook.
CDB buys TPG stake
2011-05-24 11:12:35
China Development Bank (CDB) Corp's investment unit has agreed to purchase a stake in the US buyout company TPG Capital, said a person with knowledge of the matter.
RRR rises stifle private sector: Economist
2011-05-24 09:43:39
China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight inflation, because RRR rises disproportionately hurt private-sector businesses, according to a senior economist.
ICBC launches dual-currency credit card
2011-05-24 09:19:31
The world's largest commercial bank ICBC launched its bid to promote its dual-currency credit card outside China on Monday -- with international investor Jim Rogers among the first holders.
China's ICBC opens two branches in Pakistan
2011-05-21 14:15:11
The Industrial and Commercial Bank of China (ICBC), China's largest commercial bank, inaugurated two branches in Karachi and Islamabad respectively on Friday.
BOC to increase loans to SMEs by 10%
2011-05-20 17:36:52
Bank of China Ltd (BOC), the country's third-largest lender by market value, said its loans to small and medium-sized enterprises (SMEs) is expected to grow more than 10 percent this year.
China's credit card delinquency rate rises in Q1
2011-05-18 16:53:41
Chinese credit card holders' delinquency rate rose in the first quarter of this year, China's central bank said Wednesday.
CBRC denies chairman's retirement
2011-05-18 14:14:55
The China's Banking Regulatory Commission (CBRC) denied on Monday rumors about the pending retirement of its chairman Liu Mingkang, saying a Dow Jones report claiming the chairman would retire in months was untrue and irresponsible.
CIC eyes security of raw materials
2011-05-18 11:04:22
The managing director of China Investment Corp (CIC), the nation's sovereign wealth fund, is moving to Canada to bolster the company's attempts at investing in natural resources, according to a company official with direct knowledge of the matter.
HSBC extends network in China with more staff
2011-05-18 10:45:41
HSBC Holdings PLC, Europe's biggest lender, aims to add at least 500 employees in the Chinese mainland annually as it further extends its network, said a senior executive on Tuesday.