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HK’s forex reserves reach $281b in Oct
Hong Kong’s foreign currency reserve assets reached $281.7 billion by the end of October, 2011, up $4.1 billion compared to the end of September, the Hong Kong Monetary Authority said…
Reports of 800b yuan railways fund ‘untrue’
China’s Ministry of Railways said Monday that reports about it hoping to get 800 billion yuan ($126.56 billion) from the government to fund its railway projects were untrue. The statement…
China’s lending to small, micro-sized enterprises 27.9 pct of total loans
China has implemented a slew of measures to guide banks to loan more to small and micro-sized enterprises, and 27.9 percent of all outstanding loans by September went to those…
Hong Kong’s forex reserves reach 281 bln USD in Oct.
Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. dollars by the end of October, 2011, up 4.1 billion U.S. dollars compared to the end of September, the Hong…
Chinese banks to get liquidity boost
China’s cash-strapped banks may soon get an injection of capital, thanks to fiscal funding, not a loosening of government policy. More than 1 trillion yuan (about $158.2 billion) of treasury…
BOC faces challenges, opportunities as SIFI
Bank of China(BOC) is facing both challenges and opportunities after being named one of the systemically important financial institutions (SIFIs) by the Financial Stability Board (FSB), said bank officials and…
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