Wednesday, July 10, 2013
Saturday, July 6, 2013
China on Friday promised sweeping changes to its state-run banking system — including allowing the creation of private lenders — to support its credit-starved entrepreneurs and curb what regulators worry are growing financial risks.
Tuesday, July 2, 2013
Industrial and Commercial Bank of China (ICBC) has leapfrogged a pair of U.S. banks to top a global ranking of banks with the most capital, highlighting the growing size and importance of Chinese lenders.
Monday, July 1, 2013
China's chief banking regulator Shang Fulin soothed a jittery market on Saturday, saying there is more than “sufficient” liquidity in the interbank market. He also pledged to strengthen debt risk control.
Sunday, June 30, 2013
China's bank regulator said Saturday that a recent liquidity squeeze would not hurt the stability of the banking system, in the latest government effort to soothe concerns over the funding shortage.
Saturday, June 29, 2013
China's central bank said Friday it would “adjust” tight liquidity after a weeks-long squeeze that has rattled financial markets concerned over the impact on the world's second-largest economy, which is already slowing.
Wednesday, June 26, 2013
Chinese credit rating company Dagong launched a new venture with Russian and U.S. partners on Tuesday to challenge the dominance of the major rating agencies that were blamed for contributing to the global financial crisis.
Tuesday, June 25, 2013
More signs of distress in China's economy and rising U.S. bond yields caused a big drop in U.S. stocks on Monday.
Chinese shares slumped 5.30 percent on Monday as authorities refused to pump fresh money into the financial markets despite a growing cash crunch that is squeezing banks, dealers said.
Saturday, June 22, 2013
Russian oil giant Rosneft and Chinese state firm CNPC on Friday signed a US$270 billion deal to supply China with oil over 25 years, an agreement hailed by Russian President Vladimir Putin as “unprecedented.”