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China Everbright Bank revives HK listing plan
China Everbright Bank Co Ltd has revived its Hong Kong listing plan in a bid to meet capital requirements from changes in Chinese mainland monetary policy, the South China Morning…
Credit policy likely to ease in Q4
The new yuan lending of Chinese commercial banks will total nearly 7.5 trillion yuan ($1.17 trillion) in 2011, and the credit policy in the fourth quarter will be relatively loose,…
China’s top banks raised new lending in late Oct
China’s top four banks extended 140 billion yuan ($22 billion) of new loans in October, the China Securities Journal reported on Tuesday. The banks lent just 80 billion yuan in…
Shanghai to lure more financial pros
Shanghai plans to increase the number of financial professionals by about 40 percent in the next five years, the city’s latest attempt to turn into an international financial hub. The…
Experts want steady pace for making RMB international
Beijing should keep a “gradual pace” in expanding the scope and speed of internationalizing China’s currency, the renminbi, suggested a Canada-based international think tank. The Center for International Governance Innovation…
Officials called on to go own way with currency
China should reform the renminbi’s exchange rate in its own way and not let foreign pressure influence the pace of that reform, analysts said on Tuesday. Just before the G20…
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