China banking system 'stable' despite fund squeeze

Last Updated: Saturday, June 29, 2013, 15:04

China's bank regulator said today 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.

Bank of China cuts off North Korea trade bank

Last Updated: Wednesday, May 8, 2013, 00:54

One of China`s biggest banks said on it has halted business with a North Korean bank accused by the US of financing Pyongyang`s missile and nuclear programs in the latest sign of Beijing`s displeasure with its estranged ally.

China's ICBC is world's most profitable bank

Last Updated: Wednesday, March 27, 2013, 23:05

Net profit of the Industrial and Commercial Bank of China (ICBC), the largest global lender by market value for 2012, rose by 14.5 percent year-on-year to reach 238.7 billion yuan (USD 38.07 billion) cementing its position as the world's most profitable bank.

Bank of China profits up 10% at about $16 billion

Last Updated: Friday, October 26, 2012, 09:05

The Bank of China's net profits rose by 10.37 percent to 106.36 billion yuan (about USD 16 billion) in the first three quarters of the year.

Europe, China ease rates; BoE unveils 50 billion pounds stimulus

Last Updated: Thursday, July 5, 2012, 19:47

Continuing efforts to prop up their sagging economies, European and Chinese central banks on Thursday slashed interest rates while the Bank of England unveiled fresh stimulus measures worth 50 billion pounds.

Three charged over bombing of bank in China

Last Updated: Saturday, March 31, 2012, 22:54

The suspects may face life in prison or even death sentence under China`s Criminal Law if they are convicted.

China may further cut reserve requirements in 2012: Ex-central banker

Last Updated: Sunday, December 25, 2011, 09:42

Wu Xiaoling, a former deputy central bank governor, said at a forum.

World stocks, euro gain on surprise China move

Last Updated: Wednesday, November 30, 2011, 19:26

The China move, which lowers the reserve ratio for China's biggest banks to 21 percent.

China cuts bank reserve ratio by 0.50%

Last Updated: Wednesday, November 30, 2011, 17:57

China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.