China's top two banks won't lend to Adani's Australian coal mine
Australian and overseas banks have balked at granting loans for the project, which environmentalists oppose due to climate change and the potential for damage to the Great Barrier Reef.
Dec 04, 2017, 09:54 AM IST
Users opting mobile payments exceed 520 million in China
The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).
Nov 23, 2017, 12:05 PM IST
China's central bank tells banks to stop doing business with North Korea
Chinese banks received the document on Monday, the sources said.
Sep 21, 2017, 16:56 PM IST
China's fifth-largest bank downgraded to junk status
China's fifth-largest state-owned bank has had its credit rating downgraded to junk status by Moody's, the latest sign of fragility in the country's financial system.
Sep 07, 2017, 18:24 PM IST
China's shadow banking rebounds in March, household loans surge despite curbs
China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.
Apr 14, 2017, 18:21 PM IST
Thousands lose jobs as China's state-owned banks cut costs
China's biggest state-owned banks retrenched thousands of staff members as the country's banking industry faced its most challenging year amid a slowdown in the world's second biggest economy.
Sep 07, 2016, 19:39 PM IST
Capital flows out of China slowing: Beijing
The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed today, despite the yuan's persistent weakness making it less attractive to hold.
Jul 21, 2016, 17:28 PM IST
Chinese central bank injects $15.4 billion into market
The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending.
Mar 31, 2016, 13:39 PM IST
Samsung follows Apple with launch in China of mobile payment
South Korea`s Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago.
Mar 29, 2016, 15:27 PM IST
Bank of China appeals disclosure order in counterfeit case
The Bank of China is appealing a decision by a New York court to fine it USD 50,000 a day for withholding information about counterfeiters' bank accounts in China.
Dec 03, 2015, 17:21 PM IST
China eases housing tax, lending rules to fight downturn
The policy sweeteners, which were more generous than what the market had expected, confirmed rumours swirling in China on Monday that authorities were increasing support for the flagging real estate sector.
Mar 31, 2015, 09:58 AM IST
Washington says waiting for China response on tech rule concerns
The Obama administration is waiting for China to respond to concerns raised about planned new rules pushing Chinese banks to purchase high-tech products from domestic vendors, a senior State Department official said on Monday.
Mar 03, 2015, 03:18 AM IST
China's bankers enjoy first pay hike since global financial crisis
Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks.
Dec 25, 2014, 06:07 AM IST
