HSBC to push into Chinese mainland
Tweet In a bid to increase its presence in mainland China, HSBC is planning to expand its branch network or raise its stake in the Bank of Communications (BoCom). Speaking…
Underperforming Chinese capital markets halve security firms’ profits in 2011
Tweet China’s capital markets performed dismally last year (2011) and this had an impact on the performance of securities firms in the country with their profits going down by nearly…
The Top 20 most valuable brands in China
Tweet The world’s largest provider of telecommunication services by subscribers, China Mobile Ltd (NYSE: CHL, HKG: 0941) has scooped the top award as China’s most valuable brand for a second…
Confidence returns to China’s M&A markets – deal value up 53% in November
Tweet After three ‘below-par performance’ months, China’s mergers and acquisitions (M&A) market has rebounded with 313 transactions valued at RMB 98.8 billion being announced in November. According to China Venture, these…
National Australia Bank plans branches across Asia
Tweet National Australia Bank (NAB) is hiring across Asia. Speaking in Shanghai yesterday, the bank’s chief executive officer confirmed that bank was planning to hire people across Asia in a…
Burma gets its first ATMs as military junta starts economic reform
Tweet At last, banks in Burma now have automated teller machines (ATMS). According to media reports released Sunday, banks in this former pariah state acquired ATMs for the first time…
IMF hails China’s financial system as sound
Tweet According to the International Monetary fund (IMF),China has achieved remarkable economic progress and its financial system is sound. In a Financial Sector Assessment Program (FSAP) review carried jointly by the…
South Korean Banks rush to secure long term financing
Tweet Long term foreign borrowing by South Koreans banks soared in October eliciting fears of a possible foreign currency crisis from local lenders, a financial watchdog said Monday. In an…
HSBC bolsters capital base of China operation to distance itself from chinese banks with poor liquidity
Tweet HSBC has moved to head off any implication that its Chinese operation might be part of the general concerns about the liquidity of Chinese banks by announcing that its…
Credit crisis in Wenzhou under control
Tweet Some of Wenzhou’s closed enterprises have recovered operation a clear indication that the credit crisis that had engulfed this city is now under control. This change follows a visit by…
