30 countries approved to join AIIB as founding members: China

Last Updated: Tuesday, March 31, 2015, 20:34

China on Tuesday said 30 countries, including India, have been appointed as prospective founding members of the Asian Infrastructure Investment Bank (AIIB) even as it indicated that arch-rival Taiwan's surprise bid to join the Beijing-based institution may not be approved.

China to launch deposit insurance from May 1: Govt

Last Updated: Tuesday, March 31, 2015, 16:41

China will launch deposit insurance to help protect bank customers from May 1, the government said Tuesday, in a move seen as key to eventually freeing interest rates.

US caught off guard by success of new China-led bank

Last Updated: Thursday, March 26, 2015, 11:39

The success of the new China-led development bank has caught the United States off guard, after it fought the project and now finds itself increasingly isolated.

Bank of China says 2014 net profit up over 8%

Last Updated: Wednesday, March 25, 2015, 17:06

The Bank of China (BOC), the country`s main foreign exchange bank, said Wednesday that its net profit rose more than eight percent last year, helped by expanding overseas business.

AIIB will be compatible with established international lenders: China

Last Updated: Saturday, March 21, 2015, 14:11

China has said that the Asian Infrastructure Investment Bank (AIIB) will be compatible with established international lenders like World Bank and it will not be a competitor to them, as it sought to allay concerns by the US and Japan over the new financial institution.

Beijing "would welcome" US joining China-led bank: Report

Last Updated: Thursday, March 19, 2015, 09:09

Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.

China cuts bank reserve ratio to boost economy

Last Updated: Wednesday, February 4, 2015, 21:51

China's central bank said on Wednesday it would make an across-the-board cut in the percentage of funds banks must hold in reserve, the first such cut in nearly three years as the world's second-largest economy falters.

China bank says operations `normal` as chief reportedly taken away

Last Updated: Saturday, January 31, 2015, 14:43

China Minsheng Bank said Saturday that its operations were "normal" following reports that its president had been taken away to aid in a corruption investigation.

China bank lending up in 2014 as govt seeks credit boost

Last Updated: Thursday, January 15, 2015, 14:50

China`s bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world`s second-largest economy.

China launches draft rules for insurance of bank deposits

Last Updated: Sunday, November 30, 2014, 18:01

China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates.

China issues fresh curbs on shadow banking

Last Updated: Monday, January 6, 2014, 11:21

China`s cabinet has issued new rules to strengthen regulation of the shadow-bank lending that has helped fuel an explosion in debt levels since 2008, in the latest effort to address growing financial risks.

China`s bank may have been used by Hamas to launder money

Last Updated: Sunday, September 29, 2013, 17:50

A leading Chinese bank may have been used by Palestinian militant group Hamas and its allies to launder money for their global operations, according to Israeli intelligence reports.