Beijing - Telecom giant China Mobile Limited on Wednesday announced an agreement to buy a 5.8-billion-dollar stake in a major Chinesebank, saying the deal would expand its...
COMPANY NEWS 03/11/2010 ChinaBanking Corp. (China Bank), the countrys first privately-owned commercial bank, is holding its 2010 National Convention at Legend Palawan in Puerto Princesa from...
BEIJING, March 8 (Reuters) - The parent company of China's CITIC Bank, partly owned by Spain's BBVA, is exploring a capital increase for the lender. "As a shareholder of CITIC Bank, we will actively consider replenishing our core capital," CITIC Group Chairman Kong Dan...
BEIJING (Reuters) – China flagged on Saturday it will let the yuan resume its rise at some point as it unwinds the super-loose policies it has been pursuing to prop up the world's third-largest economy. China is under intense pressure from the United States...
Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks. “When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing...
BEIJING — China’s central bank governor indicated Saturday that the government was unlikely to detach the value of China’s currency from that of the dollar anytime soon, echoing Prime Minister Wen Jiabao’s statement on Friday that exchange rates...
