Posts Tagged ‘banks’

HSBC and Standard Chartered Bank have begun to make transactions in RMB

September 8th, 2010 | Tags: , , , ,
After receiving approval from the Superintendence of Banking, the Peking branch of HSBC and Standard Chartered Bank yesterday became the first foreign banks to conduct Renminbi businesses. In addition, HSBC has received approval to open an additional branch near the tower Guomao in the Chaoyang district, which will start operations in the first half of [...]

The Bank of China, Construction Bank of China have reached the standards of pre-edge international

July 5th, 2010 | Tags: , , , ,
An official of the Chinese Commission for the management and supervision of banks said recently that the Bank of China, Construction Bank of China had met the requirements of the verification made by that Committee in respect of the major standards, now approaching the average level of bank-edge international.
At the end of September, the loan [...]

Progress in banking reform in China

July 4th, 2010 | Tags: , , , ,
During the press conference on 1 December by the Information Office of the Business Council of State, Mr Liu Mingkang, chairman of the Committee on Banking Supervision, said that “2004 was the first year of the inauguration of the whole system of banking supervision. The banking industry of China will be more open. “
First, the [...]

Foreign banks buy shares of nine commercial banks in China

July 2nd, 2010 | Tags: , , , ,
Nine commercial banks in China have accepted shares of foreign banks including Citi Bank, Hong Kong and Shanghai bank, said Wednesday in Beijing Liu Mingkang, chairman of the Banking Regulatory Commission of China, during a press briefing.
the Xi’an Commercial Bank was authorized to bring actions of the Bank of Nova Scotia, T. National Bank of [...]

Tang Shuangning: the establishment of foreign-funded banks in China’s northeast may be approved as a priority

May 24th, 2010 | Tags: , , , ,
“The Chinese Commission for the Control and Management Banking supports banks with foreign capital to establish their offices in China’s northeast, practice operations and encourage foreign financial institutions to participate in the activities of financial chinois.Sous the same conditions, the establishment of foreign-funded banks in China’s Northeast will be considered and approved first. “Said, September [...]

Encouraged foreign banks to operate in the north-east China

May 21st, 2010 | Tags: , , , ,
The Commission on banking regulation, the supreme organ of banking supervision in China encourages foreign banks to operate in the banking industry in north-east China, said a Chinese official.
Tang Shuangning, vice-chairman of the Commission of the China Banking Regulatory (CBRC) made the statement Sunday during an international seminar on rehabilitation of north-east China, saying that [...]

Interest rates are negative in view of all colors to banks

May 17th, 2010 | Tags: , , , ,
commercial banks in China are in direct competition to woo depositors because, as the country’s growing inflation causes facto negative interest rates, depositors want to withdraw their money to invest in other financial products.
“We are under constant pressure from headquarters, these days, so we kept the accounts book that we already have and that we [...]

China plans to create conditions allowing its banks to open more outward

April 27th, 2010 | Tags: , , , ,
An official of the Chinese Commission for the Control and Management of the banking sector has recently indicated that China plans to create conditions for the Chinese banking sector to further open outwards and Chinese banks and foreign develop on an equal footing and mutual benefit.
China actively comply with its commitments made at accession to [...]

Une centaine de banques étrangères sont autorisées à offrir des services en RMB

April 6th, 2010 | Tags: , , , ,
According to statistics published by the Commission for the Control of Bank of China (CCBC), from July 15, hundreds of branches of foreign banks based in China have been allowed to offer services in Renminbi (RMB) , which represents half of foreign bank branches in the country.
In 2001, there were only 30 branches of foreign [...]

Banks with foreign capital encouraged to open offices in western and north-east China

January 1st, 2010 | Tags: , , , ,
China encourages foreign banks to establish offices and expanding their operations in the west and north-east, said Liu Mingkang, president of the Control Board and management of the banking sector of China.
It is a measure taken by the central government to stimulate economic development in these two regions.
China opened its financial market in an orderly [...]