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  • April 20, 2014
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  1. News - China - BANKING

    Two more bank veterans stay on to ensure stability

    Posted Feb 22nd 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Arrangements show desire for continuity after leadership reshuffle last year, analysts say Two more bank veterans stay on to ensure stability Chen Yuan, the 68-year-old chairman of China Development Bank, will stay in his job at the nation's largest financer of infrastructure projects and overseas investment despite his age ...

  2. Business - Banking & Finance - BANKING

    HKMA sees little risk in bank loans to China

    Posted Apr 16th 2014, 01:21am by Jasper Moiseiwitsch

    ... that liquidity risk, in particular US dollar liquidity, was a top concern for the banking system in the city. After seeing loan growth hit an annualised 44.5 per cent in January, the authority pushed ...

  3. Business - Banking & Finance - BANKING

    IMF latest to warn of Hong Kong banks' growing mainland exposure

    Posted Apr 09th 2014, 01:18pm by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Loan quality of city's banks may deteriorate this year as credit tightens on the mainland and marginal borrowers spill over to Hong ... & Poor's report projects that the loan quality of the city's banks will deteriorate in 2014 as more mainland firms borrow from Hong Kong banks. "In the unlikely event ...

  4. Business - Banking & Finance - BANKING

    Hong Kong banks vie for edge in yuan deposits with high rates

    Posted Apr 09th 2014, 11:14am by KANIS LI

    ... of China (Hong Kong), the sole yuan clearing bank in the city. Hong Kong's yuan deposits amounted to 920.3 billion yuan at the end of February, up 6.9 per cent from the end of last year, Hong ... an executive director of DBS at Hong Kong, said some banks wanted to hold more yuan deposits in anticipation of a relaxation in the yuan conversion daily limit in the city. Banks are expected to launch ...

  5. Business - Banking & Finance - BANKING

    Shanghai allows city-owned firm to buy bad loans from local banks

    Posted Mar 07th 2014, 02:40pm by Reuters

    ... Reuters in Shanghai Shanghai gets bad-loan bank as concerns grow The Shanghai government has given approval to a city-owned investment company to buy non-performing loans from local banks, state media reported yesterday. It is the latest local government on the mainland bracing for an expected rise in bad debt. Shanghai's launch of a dedicated "bad-loan bank" ...

  6. Business - Banking & Finance - BANKING

    ICBC mulls bid for Pioneer to extend global reach in asset management

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... credentials Stewart Aldcroft, Citi Securities The global ambitions also come at a time when European banks are retreating from the asset management business in a bid to repair crisis-battered balance ... in the Asia-Pacific for Citi Securities and Fund Services. Media reports have indicated that UniCredit plans to list or sell Pioneer, which operates in 27 countries including India and Singapore. The bank ...

  7. Business - Banking & Finance - BANKING

    Beijing unlikely to cut banks' buffer

    Posted Mar 13th 2014, 01:25am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Despite slowing economy, lenders' required capital reserves likely to stay high, analysts say Beijing shies away from buffer cut Even as the mainland economy shows signs of weakness, the central bank is unlikely to cut banks' reserve requirement ratio in the near term to spur growth, a tool it has put on hold for almost two years, ...

  8. Business - Banking & Finance - BANKING

    Concerns grow over Hong Kong lenders' heavy credit exposure to mainland Chinese firms

    Posted Mar 26th 2014, 06:34am by Reuters

    ... outstanding represented 165 per cent of the city's gross domestic product, BIS figures showed. Data from the Hong Kong Monetary Authority showed a similar astonishing rise. By the end of last ...

  9. Business - Banking & Finance - BANKING

    Worried depositors descend on Jiangsu bank amid insolvency rumours

    Posted Mar 26th 2014, 05:29am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Bank run amid insolvency rumours In the latest sign of cracks appearing in the mainland's financial system, a rural commercial lender in Jiangsu province is grappling with a run on a branch by worried depositors. Jiangsu Sheyang Rural Commercial Bank, based in the city of Yancheng, is desperately trying to allay depositors' ...

  10. Business - Banking & Finance - BANKING

    Account problems cloud Hong Kong hub hopes

    Posted Mar 24th 2014, 04:45am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Companies and trusts are finding it hard to set up banking services in the city, threatening its hopes of becoming service centre of Far East ... to more stringent account opening procedures as banks vet potential customers. There are concerns such procedures have gone too far and are now undermining the city's competitiveness. ...




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