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  1. Home Credit China wins licence to extend business on the mainland

    Posted Nov 30th 2010, 12:00am by Staff Reporter

    ... domestic demand after the export sector was hit by the financial meltdown. The China Banking Regulatory Commission has given approval for Bank of China, Bank of Beijing and Bank of Chengdu to set ... into the previously legally grey area. After providing small credit loans to household appliance buyers for three years in Guangdong, the company acquired a licence earlier this year from China's banking ...

  2. Liu urges Basel II standards for big three

    Posted Dec 02nd 2004, 12:00am by Staff Reporter

    ... the risk management practices prescribed by the new Basel capital accord, the country's banking regulatory chief said yesterday. Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), yesterday urged the Bank of China, China Construction Bank and the Industrial & Commercial Bank of China (ICBC) to develop risk management practices based on the new ...

  3. Beijing aims for 1,027 countryside banks

    Posted Jul 02nd 2010, 12:00am by Staff Reporter

    ... up since 2006 had become profitable by June 30, according to the China Banking Regulatory Commission. The country used to depend on rural credit co-operatives to provide financial services ... banks. Agricultural Bank of China and Postal Savings Bank of China are the other two traditional rural players. But the downsizing of their rural business has prompted Beijing to try to bring ...

  4. New lending by Chongqing bank stable

    Posted Mar 29th 2011, 12:00am by Sophie Yu

    ... at the end of 2010 from 4.12 per cent last June,' Liu said. He said the lender had offered 6.8 billion yuan in loans so far this year. A China Banking Regulatory Commission spokesman said ... Sophie Yu Chongqing Rural Commercial Bank, a big mainland lender to farmers and small businesses, said it expected to lend about another 20 billion yuan (HK$23.7 billion) in 2011, about ...

  5. HSBC boosts presence with more village banks

    Posted Aug 31st 2009, 12:00am by Staff Reporter

    ... will continue to invest.' Foreign lenders seeking to open such banks under the special provisions relating to rural districts must receive approval from the China Banking Regulatory Commission. Mr ... to consolidate its foothold in the fast-growing economy, according to Richard Yorke, the chief executive of the group's China unit. The expansion would bring the total number of such village banks ...

  6. Everbright Bank expected to pay high dividend

    Posted Mar 27th 2009, 12:00am by Eric Ng

    ... meeting in early May and the payout ratio is expected to be fairly high,' said Mr Chen. The Beijing-based bank applied in early June last year to the China Securities Regulatory Commission ... Eric Ng China Everbright, the Hong Kong financial arm of conglomerate China Everbright Group, expects associate and listing hopeful China Everbright Bank to distribute a 'relatively ...

  7. Investors eye rural bank licence in Wenzhou

    Posted Oct 02nd 2008, 12:00am by Staff Reporter

    ... growing loan demands from rural firms and individuals. At least three consortiums had filed proposals to the China Banking Regulatory Commission on setting up a bank in Wenzhou's rural area ... a pilot scheme. 'Wenzhou is the top place for rural banks based on the booming private sector economy and the already active lending market,' said She Minhua, an analyst at China Jianyin ...

  8. Scandal-hit BOC moves to tighten internal controls

    Posted Feb 03rd 2005, 12:00am by Staff Reporter

    ... Banking Regulatory Commission, the mainland's banking industry watchdog, to issue a public statement demanding that BOC strengthen management and internal controls. ... Bei Hu Grappling with yet another scandal, the Bank of China announced yesterday that it would combine its investigative and internal audit divisions to form a more independent ...

  9. Industrial Bank eyes HK listing

    Posted Jan 26th 2004, 12:00am by Mark O'Neill

    ... Capital attempted to gain effective control over Shenzhen Development Bank by buying a 20 per cent stake, but the deal fell apart. The China Banking Regulatory Commission maintains a 25 per cent ... on China's A-share markets and on the Hong Kong stock exchange to fulfil its ambition of doubling its assets by the end of next year, according to Shanghai banking sources. If the bank realises its ...

  10. Wachovia fined US$440,000 for illegal bank operations

    Posted Nov 07th 2003, 12:00am by Mark O'Neill

    ... bankers said yesterday. The China Banking Regulatory Commission (CBRC)- set up in March and headed by Liu Mingkang- also suspended the accreditation of Wachovia's representative ... Mark O'Neill in Shanghai Mainland watchdog also punishes two other foreign lenders over rule violations China's banking regulator has fined Wachovia Bank, the fifth-largest bank ...




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