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  • October 20, 2014
  • Last updated: 8:23pm
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  1. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Money laundering allegation could intensify rift between bankers and regulators on mainland Fears of tough action by Beijing after BOC claim The Bank of China cash-transfer service at the centre of money laundering allegations could escalate the sabre-rattling between the mainland's liberal-minded bankers and conservative ...

  2. Business - Banking & Finance - BANKING

    Second branch of Chinese bank swamped as depositors pull cash

    Posted Mar 27th 2014, 12:58am by Daniel Ren

    ... Daniel Ren in Yancheng ren.wei@scmp.com Depositors rush to another outlet of the lender in Yancheng hit by rumours over its solvency Second branch swamped in bank run A bank run ... SURNAMED DU The local government deployed dozens of people including security guards, township cadres and police to maintain order while Yancheng mayor Wei Guoqiang arrived at the outlet ...

  3. 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' ...

  4. Business - Banking & Finance - BANKING

    Concerns over a collapse in China’s underground banking sector resurface

    Posted Apr 09th 2014, 10:07am by DANIEL REN IN SHANGHAI

    ... Daniel Ren in Shanghai ren.wei@scmp.com Insolvency rumours lead to run on rural lender, raising questions about health of state-owned banks amid collapse of loan shark network Illegal lending behind bank run As a rural commercial lender in Yancheng, Jiangsu province, grappled with a run on its branches due to rumours about its insolvency, questions about the mainland's ...

  5. Business - China Business - BANKING

    Shanghai free-trade zone approved to pioneer interest rate reform

    Posted Feb 26th 2014, 04:51pm by REN WEI

    ... Daniel Ren in Shanghai ren.wei@scmp.com City's free-trade zone gets approval to liberalise interest rates on foreign currency deposits, but authorities emphasise need for caution Shanghai to pioneer rate reform Reform of the mainland's interest rate mechanism will be spearheaded in Shanghai's free-trade zone (FTZ) after it received approval to scrap a cap ...

  6. Business - Banking & Finance - BANKING

    PBOC pumps 255b yuan into interbank market

    Posted Jan 22nd 2014, 12:54am by JANE CAI

    ... for the holiday season than last year," said Fan Wei, an analyst at Hongyuan Securities. "The higher indebtedness of China's economy generates huge demand for funds and any default ...

  7. Business - Banking & Finance - BANKING

    China interest-rate reform edges forward with bank prime loan rate

    Posted Oct 26th 2013, 02:56am by Victoria Ruan

    ... the statement said. The [PBOC] will be more cautious with liberalising deposit rates YAO WEI, SOCIETE GENERALE This means the biggest banks will have the most clout in deciding the prime rates. The five ... lending rates] means that the PBOC has pretty much given up the benchmark lending rates as policy rates," said Societe Generale economist Yao Wei. The central bank would be more cautious ...

  8. Business - Banking & Finance - BANKING

    China's bank regulator talks down fears of liquidity crunch

    Posted Jun 29th 2013, 02:56pm by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com CBRC chief reassures on lenders' reserves amid talk of shadow banking system failure Regulator talks down fears of a debt crisis The mainland's chief bank regulator said yesterday that domestic financial institutions held more than twice the reserves needed to cover payments and settlements, in Beijing's latest effort to ease ...

  9. Business - Banking & Finance - BANKING

    Bad loans fallout tipped to spread as risks grow

    Posted May 08th 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Bad loans fallout tipped to spread as risks grow The mainland's non-performing loan woes, now affecting banking branches in the Yangtze River Delta, is expected to spread to other eastern coastal areas such as Shandong, Fujian and Guangdong provinces, Deloitte Touche Tohmatsu warns. Playing down the chances of a bad-loan crisis ...

  10. Business - Banking & Finance - BANKING

    PBOC to ease curbs on loan rates

    Posted Jul 13th 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Policy shift towards market-based mechanism may see end to floor for lending rates, giving banks more freedom to decide on margins PBOC to ease curbs on loan rates Beijing has drafted a plan to give banks more freedom in setting lending rates, taking a step further towards creating a new interest rate mechanism that can potentially eat ...




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