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China bank News

23 Jul 2022

DNA: Bank Crisis -- China deploys tanks against its citizen

In China these day, the matter of corruption in 5 banks is intensifying. People's 46 thousand crore rupees are stuck in these banks, after which these people have come out on the streets to withdraw their money. To halt this protest, the Chinese government has deployed tanks on the streets.

21 Jun 2019

China's benchmark overnight repo rate falls to lowest in four years

Traders attributed the decline in the interbank repo rate to ample cash conditions in the banking system following persistent central bank fund injections via open market operations in recent days to keep liquidity sufficient heading into the end-June peak season for cash.

15 Mar 2016

Bank of China gains foothold in Morroco

The commercial bank, one of the largest in China, inaugurated a representative office in the country`s economic capital Casablanca late on Monday.

15 Jan 2016

China bank lending slides in December despite loosening

New loans extended by banks slid to 597.8 billion yuan (USD 91.1 billion) in December, against 708.9 billion yuan in November, the People's Bank of China said.

12 Nov 2015

China October bank lending halves on weak demand

China's bank lending nearly halved in October compared with the month before, the central bank said Thursday, reflecting lack of demand despite an interest rate cut aimed at boosting the flagging economy, the world's second-largest.

24 Sep 2015

Bank following Islamic principles opens in China

A first-of-its-kind bank following Islamic principles was opened today in Xining, capital of China's northwestern Qinghai province, to provide customised services to Muslims.

11 Sep 2015

China bank lending falls back in August

China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

09 Jun 2015

China to have `veto power` over infrastructure bank: Report

According to the bank`s articles of incorporation, China is providing nearly $30 billion of the institution`s $100 billion capital base, giving Beijing between 25 to 30 percent of total votes, it said.

20 May 2015

AIIB founding members to meet in Singapore today

Founding members of China-led AIIB, including India, will hold a three-day meeting here from Wednesday to discuss operational policies for the establishment of the institution.

19 May 2015

Cashing out: Millions 'disappear from China bank accounts'

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.

New Development Bank

08 May 2015

Top officials of BRICS Bank to be finalised by end of May

The names of the top officials of the BRICS New Development Bank, including its President who will be from India, would be finalised by the end of this month, China's official media reported on Friday.

19 Apr 2015

How China is upsetting the old global economic order

With its huge new infrastructure bank and its ambitions for a globalized renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.

18 Apr 2015

New bank to enhance international finance system: China

China's proposed infrastructure bank for Asia is intended to complement and not replace existing lenders dominated by the US and Japan, a senior Chinese official said yesterday.

14 Apr 2015

China bank lending rose in March: Central bank

Domestic banks extended new loans of 1.18 trillion yuan ($190 billion), the People`s Bank of China (PBoC) said in a statement, up from 1.02 trillion yuan in February.

12 Apr 2015

China approves reforms of three policy banks

China has approved plans to reform three state-owned policy banks, outlining separate priorities for their opening up, in an attempt to boost the country's economy which faces an increased downward pressure.

01 Apr 2015

Taiwan welcome to join AIIB under an "appropriate name": China

China welcomes Taiwan's participation in the AIIB under an appropriate name, an official Chinese spokesman in-charge of Taiwan affairs said.

31 Mar 2015

30 countries approved to join AIIB as founding members: China

China on Tuesday said 30 countries, including India, have been appointed as prospective founding members of the Asian Infrastructure Investment Bank (AIIB) even as it indicated that arch-rival Taiwan's surprise bid to join the Beijing-based institution may not be approved.

26 Mar 2015

US caught off guard by success of new China-led bank

The success of the new China-led development bank has caught the United States off guard, after it fought the project and now finds itself increasingly isolated.

21 Mar 2015

AIIB will be compatible with established international lenders: China

China has said that the Asian Infrastructure Investment Bank (AIIB) will be compatible with established international lenders like World Bank and it will not be a competitor to them, as it sought to allay concerns by the US and Japan over the new financial institution.

19 Mar 2015

Beijing "would welcome" US joining China-led bank: Report

Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.

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