News Digest: CBRC stresses shadow banking risks

BEIJING — China’s banking regulator said Monday that it would step up supervision over loans granted by different institutions and strengthen prevention against risks in the shadow banking system since credit risks are “still severe.”Banking regulators

News Digest: CCB raises minimum down payment in Zhejiang

BEIJING — Home buyers in some parts of China are starting to face increasing mortgage requirements as Chinese State-owned commercial banks are setting higher requirements as part of the new moves to tighten real estate credit.China

News Digest: Hang Seng eyes banking services for business growth

SHANGHAI – Hang Seng Bank Ltd expects that wealth management and yuan-denominated trade settlement services in will continue to drive its business in China, after reporting strong earnings for 2010. “We will continue to enhance our

News Digest: HSBC Q1 profit jumps 58%

BANKING group HSBC yesterday reported a 58 percent jump in first-quarter profit due to less provisions for bad loans and lower taxes.For the quarter ended March 31, HSBC Holdings PLC posted a net profit of US$4.4

News Digest: PBOC to gauge debt demand

CHINA’S central bank was said to ask lenders to show their demand for the first sale of three-year notes in five months, according to two traders at primary dealers required to bid at the auctions.Banks are

News Digest: Bank of China taps Cambodian market

PHNOM PENH — Bank of China has officially begun its branch in Cambodia on Saturday, and its Phnom Penh Branch is the first lender from China in the country and is the Kingdom’s 30th commercial bank.Deputy

News Digest: Bank of China to launch Cambodian branch

PHNOM PENH — The Bank of China pledges to bridge closer economic ties between the two countries, said the visiting Yue Yi, vice-president of Bank of China, on Friday.“The presence of the Bank of China in

News Digest: Bank meets mark 1 year early

STANDARD Chartered Bank (China) Ltd’s loan-to-deposit ratio did not surpass the 75 percent maximum, enabling the lender to meet the requirement at least a year ahead of regulatory schedule, according to its annual report.The bank’s loan-to-deposit

News Digest: CBRC denies reports of down payment rise

BEIJING – The China Banking Regulatory Commission (CBRC) Thursday refuted media reports that the minimum down payment for the first home buyers would be raised to 50 percent from the current 30 percent. The minimum down

News Digest: Minsheng Bank to open 3 rural banks

Move is in line with call to improve access to agricultural loans SHANGHAI – China Minsheng Banking Corp Ltd (CMBC) said on Wednesday it has received the go-ahead from regulators to set up three more rural