The mainland's residential housing sales jumped last month as homebuyers shrugged off property curbs amid expectations that a slowing economy would force the government to ease some of the restrictions.Saturday, 14 July, 2012, 12:00am
Retail, not corporate, clients hold the key to the future for Asian banks, says Dick Kovacevich, former chairman and chief executive of US bank Wells Fargo.
'Right now, I think Asian banks are taking a lot of deposits and lending the money to commercial clients,' Kovacevich said.9 Jul 2012 - 12:00am
The fall of Barclays bank chief Bob Diamond is a defining moment in the debate about international banking reform in the wake of the global financial crisis. Diamond has been a vigorous champion of the pre-crisis universal banking model and light regulation.6 Jul 2012 - 12:00am
Chongqing native Chen Shuming has stuck resolutely through the lean times to a two-decades-old belief that buying property - particularly shops - is the best investment option no matter how much the central government tries to curb price rises through cooling measures.4 Jul 2012 - 12:00am
The Hong Kong Mortgage Corporation launched a microfinance programme yesterday, aimed at helping the cash-strapped - from start-ups to self-employed.
The agency, which aims to promote wider home ownership and develop the local debt market, said it was working with six banks and five non-governmental organisations to promote the plan.30 Jun 2012 - 12:00am
Kevin McQueen explores the trend for fee-based discretionary banking.25 Jun 2012 - 12:00am
One of the ironies of the Hong Kong property market is that prices keep going up at a time when transaction volumes are shrinking. A report from Ricacorp Properties says the average profit for secondhand homes sold in May was a staggering 53.3 per cent, the second successive month of historical highs.22 Jun 2012 - 12:00am
Profitability of mainland banks will be hit this year as the government liberalises interest rates, says Standard & Poor's.16 Jun 2012 - 12:00am
Beijing is looking into setting up a deposit insurance system to promote financial stability amid mounting worries about mainland banks' deteriorating asset quality.
Song Xiangyan, a deputy director with the international department at the People's Bank of China, said yesterday that the central bank would establish the system when the time was right.15 Jun 2012 - 12:00am
Investors worried about a slowdown in the Chinese economy have taken heart this week from figures showing a rise in bank lending last month.14 Jun 2012 - 12:00am
The president of the Postal Savings Bank of China (PSBC), who has been taken into custody on suspicion of having committed economic crimes, is found to have been involved in illegal fund-raising activities as well.
The revelation is a fresh sign that lax supervision had made the lender vulnerable to irregularities.13 Jun 2012 - 12:00am
Second-tier banks followed major lenders in offering higher deposit rates than the benchmark, boosting competition in the finance sector after a recent move towards interest rate deregulation.12 Jun 2012 - 12:00am
While mainland regulators have eased pressure on banks to fast-track improvements to meet tougher international rules regulating capital and liquidity, the next few years will still pose significant challenges, analysts say.8 Jun 2012 - 12:00am
Beijing has pushed back to January 2013 the introduction of tougher capital requirements for banks, a move economists believe is aimed at countering the economic slowdown.7 Jun 2012 - 12:00am
After contributing to the Chongqing municipal-government pension fund for six years, Lou Wei's dream of buying a home for her parents has finally come true.
That's because the government has relaxed its rules for withdrawals from the fund, to allow members to draw on their retirement accounts to help them fund the purchase of a home.6 Jun 2012 - 12:00am