• Mon
  • Apr 21, 2014
  • Updated: 11:51am

A vice-president of China's fourth-largest bank has resigned after he was investigated and subsequently cleared of suspicion of corruption by the Communist Party's top disciplinary body, mainland...

20 Apr 2014 - 9:02am

The mainland published detailed rules on commercial bank issuance of preferred shares yesterday, paving the way for lenders to begin fundraising designed to enable them to withstand an expected...

19 Apr 2014 - 1:09am

The mainland will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile...

19 Apr 2014 - 1:50am

Swiss bank UBS' internal investigation of one of its senior bankers is focusing on her relationship with the chief of state-owned China Resources, sources say.

19 Apr 2014 - 11:44am

It is never easy switching to a new business and leaving behind the comfort of a familiar company and an industry you know well.

19 Apr 2014 - 12:20am

Today's Poll

  • Yes: 20%
  • No: 80%
21 Apr 2014
  • Yes
  • No
Total number of votes recorded: 104

Credit Suisse Group, the second-biggest Swiss bank, reported a 34 per cent decline in first-quarter profit, missing analysts' estimates, as earnings at the investment bank dropped.

17 Apr 2014 - 4:59am

China set the reference exchange rate for the yuan against the US dollar at its weakest level since September in response to the renewed criticism by the United States that Beijing may lack the...

17 Apr 2014 - 1:09am

Hong Kong Monetary Authority deputy chief executive Arthur Yuen Kwok-hang yesterday addressed concerns about Hong Kong banks' HK$2.6 trillion exposure to mainland borrowers.

16 Apr 2014 - 4:25am

Orix, Japan's most acquisitive financial firm, is considering bidding for Standard Chartered's consumer credit unit in Hong Kong, two people with knowledge of the matter said.

15 Apr 2014 - 12:21am

An increasing number of non-local banks are entering the Hong Kong market to grab a slice of the growing yuan-related business.

14 Apr 2014 - 7:32am

As mainland banks dump onshore bond holdings due to tight liquidity, European investors with fresh offshore yuan quotas are queuing to enter the market.

14 Apr 2014 - 7:32am

Taiwanese banks are shutting off lending to mainland firms. Offshore loans to mainland firms in the first quarter was just 15 per cent of the sums lent in the previous quarter, according to...

14 Apr 2014 - 7:21am

Hong Kong's capital market is set to embrace a new breed of Chinese issuers that have left the Nasdaq and New York Stock Exchange for a listing in the city, as a more favourable valuation of...

17 Apr 2014 - 11:21am

Despite the significant progress Beijing has made in broadening global use of the yuan, observers say the mainland currency has more often been chased by speculators than serving as a US dollar-...

12 Apr 2014 - 1:42am

The Ministry of Finance failed to sell all the bonds offered at an auction yesterday for the first time in 10 months amid speculation that short-term interest rates will climb as corporate tax...

12 Apr 2014 - 12:59am

Mainland developers raised 49 per cent less through trusts in the first quarter of the year as the collapse of Zhejiang Xingrun Real Estate highlighted default risks.

12 Apr 2014 - 12:59am

Financial executives have urged Hong Kong to play a more active role in widening its issuer base in the city's offshore yuan market by leveraging its ample yuan deposits and the presence of...

17 Apr 2014 - 11:29am

European Central Bank president Mario Draghi has finally confirmed the ECB is ready to engage in full-blown quantitative easing (QE) to fight too-low inflation and revive economic growth.

11 Apr 2014 - 12:25am

Federal Reserve officials fretted last month that investors would overreact to policymakers' fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than...

11 Apr 2014 - 12:59am

South Korea's new central bank chief had a strong policy debut yesterday, sending plain signals supporting the market's view of an interest rate hike coming late this year and delivering on a...

11 Apr 2014 - 12:59am
 

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