The highly profitable credit card market could be opened up to foreign banks under proposals being considered by the banking regulator, said South China Morning Post. The China Banking Regul... Read more
Bank of China (BOC) is to sell off US$2bn in non-performing loans in a continuing effort to clean up its balance sheet, reported the Financial Times. UBS was appointed to auction the loans,... Read more
Hang Seng Bank received approval to conduct RMB banking business in Shenzhen, the bank's third mainland branch to get the license after Shanghai and Guangzhou. The bank also plans to ope... Read more
The Industrial and Commercial Bank of China (ICBC) is to become the first state bank to securitise its bad loans, reported the Financial Times. It will issue domestic bonds backed by Yn3bn o... Read more
China has slowed the expansion of a scheme to attract foreign investment funds into its domestic capital markets, fearing that funds might become a conduit for 'hot money' motivated... Read more
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