Rising competition and a squeeze on net interest margins will dampen profit prospects for mainland banks over the next 12 to 18 months, according to global credit rating agency Moody's.Friday, 23 November, 2012, 2:20am
There's been a lot of talk over the past week about how China's incoming generation of leaders are planning a massive liberalisation of the country's financial sector.
Don't hold your breath.
Outgoing president Hu Jintao turned the spotlight on financial reform last Wednesday in his address to the Communist Party's national congress.13 Nov 2012 - 2:43pm 1 comment
President Barack Obama has said the next important step for making the US financial sector safer is to make sure executive pay is less closely tied to risky bets.27 Oct 2012 - 3:47am
Is it time to put the Great Recession behind us?
Not in terms of the economy – which remains bogged down with high unemployment, low growth and other aftershocks – but rather when it comes to demanding a rigorous effort to hold Wall Street bankers, traders and executives accountable for causing the financial crisis.23 Oct 2012 - 4:19am
True to form, mainland policymakers played safe in setting the latest five-year blueprint for the nation's financial sector, with no ambitious deadlines set for important reforms.2 Oct 2012 - 2:46am
The mainland's central bank released the blueprint for the financial sector for the five years to 2015 yesterday, setting the tone for long-awaited financial reforms.18 Sep 2012 - 2:13am