Hong Kong has been named the world's top financial centre for the second year running by the World Economic Forum.Thursday, 1 November, 2012, 4:48am
RQFII. It does not roll off the tongue. Insiders refer to it as 'r-cue-fee' and it stands for Renminbi qualified foreign institutional investor. The scheme has sparked a deluge of yuan-denominated fund launches in Hong Kong, almost all of which offer the same investment: onshore mainland bonds.12 Mar 2012 - 12:00am
The central government's relaxation of foreign direct investment (FDI) rules in October has led more companies to seek to borrow in yuan, Standard Chartered Bank Hong Kong chief executive Benjamin Hung Pi-cheng says.
The People's Bank of China announced on October 13 a rule change allowing foreign investors to use offshore yuan funds to make direct investments into China.19 Dec 2011 - 12:00am
New lending by banks on the mainland grew faster than expected last month, indicating policy fine-tuning by Beijing is under way to counter an economic slowdown.
Mainland banks extended 562.2 billion yuan (HK$689.99 billion) in new local currency loans in November, the People's Bank of China said yesterday.15 Dec 2011 - 12:00am
Beijing is expected to allow the listing of city commercial banks next year after shelving their planned initial public offerings for more than three years, offering hope to about 10 regional banks which meet the listing requirements.14 Dec 2011 - 12:00am
Worried about the mainland's housing bubble and his low-yield bank deposits, Chen Wei, a 51-year-old chemical company manager in Beijing, sold one of his properties and signed up for wealth management products offered by his bank.26 Sep 2011 - 12:00am
With more than 2 million full-time employees, the behemoth monopoly that is the Ministry of Railways is easily one of the largest business entities in the world.
To put that in perspective, the world's biggest company, Wal-Mart Stores, has about 2.1 million workers.7 Aug 2011 - 12:00am
Mainland bank lending in May was lower than the market expected, fuelling concerns that the government's determined bid to control inflation will cause further pain.
Companies and individuals will find it increasingly difficult to secure loans in the coming months as lenders further tighten credit issuance amid rising risks of an economic hard landing.14 Jun 2011 - 12:00am
China's credit curbs may result in rising bad loans in the second half of this year, and authorities need to be cautious about tightening further, a senior regulator said.
Although banks' loan books remained healthy right now, problems might arise later, Yu Xuejun, head of the Jiangsu bureau of the China Banking Regulatory Commission, said.26 Apr 2008 - 12:00am
China Pacific Insurance (Group) is set to inject new vigour into the mainland A-share insurance sector as investors eye the potential of its strong property division, analysts said.3 Dec 2007 - 12:00am
The public listings of city commercial lenders such as the Bank of Beijing have been dubbed the 'third wave' in Beijing's efforts to reform the financial industry.
With most national commercial banks already listed in the previous two waves, the mainland is now keen to accelerate the restructuring of more than 100 grassroots banks.23 Oct 2007 - 12:00am
Mainland banks earned 268.9 billion yuan in net profit in the first half, fuelled by fast growth in the three biggest commercial lenders, Industrial and Commercial Bank of China, Bank of China and China Construction Bank.3 Oct 2007 - 12:00am
The central government is to allow banks to set up insurance companies as it begins the process of scrapping strict laws dividing the legal activities of financial institutions.4 Jul 2007 - 12:00am
IPOs let foreigners into arms firms
The mainland's secretive military industries will be opened up to private investors - both domestic and foreign - as part of modernisation efforts by Beijing.23 Jun 2007 - 12:00am
China Life Insurance yesterday reported a first-quarter net profit of 8.88 billion yuan or 31 fen a share.
The results, based on Chinese accounting standards, did not provide comparable figures, as this was the insurer's first quarterly report since its mainland listing in January.24 Apr 2007 - 12:00am