International credit rating agency Moody's raised China's rating from A3 to A2 ahead of the country's first international bond issue in two years. Hong Kong's rating rose fro... Read more
Kookmin Bank, South Korea's largest lender, is considering basing 1,000 call centre jobs in China, a move that would realise an annual cost saving of US$10m. The Financial Times reported... Read more
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
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