China bank lending falls back in August

Last Updated: Friday, September 11, 2015, 17:08

China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

China to have `veto power` over infrastructure bank: Report

Last Updated: Tuesday, June 9, 2015, 10:15

According to the bank`s articles of incorporation, China is providing nearly $30 billion of the institution`s $100 billion capital base, giving Beijing between 25 to 30 percent of total votes, it said.

AIIB founding members to meet in Singapore today

Last Updated: Wednesday, May 20, 2015, 09:12

Founding members of China-led AIIB, including India, will hold a three-day meeting here from Wednesday to discuss operational policies for the establishment of the institution.

Cashing out: Millions 'disappear from China bank accounts'

Last Updated: Tuesday, May 19, 2015, 23:24

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.

Top officials of BRICS Bank to be finalised by end of May

Last Updated: Friday, May 8, 2015, 21:11

The names of the top officials of the BRICS New Development Bank, including its President who will be from India, would be finalised by the end of this month, China's official media reported on Friday.

China cuts bank reserve ratio requirement as growth slows

Last Updated: Sunday, April 19, 2015, 18:14

China`s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.

How China is upsetting the old global economic order

Last Updated: Sunday, April 19, 2015, 07:23

With its huge new infrastructure bank and its ambitions for a globalized renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.

New bank to enhance international finance system: China

Last Updated: Sunday, April 19, 2015, 02:03

China's proposed infrastructure bank for Asia is intended to complement and not replace existing lenders dominated by the US and Japan, a senior Chinese official said yesterday.

China bank lending rose in March: Central bank

Last Updated: Tuesday, April 14, 2015, 17:13

Domestic banks extended new loans of 1.18 trillion yuan ($190 billion), the People`s Bank of China (PBoC) said in a statement, up from 1.02 trillion yuan in February.

China approves reforms of three policy banks

Last Updated: Sunday, April 12, 2015, 16:02

China has approved plans to reform three state-owned policy banks, outlining separate priorities for their opening up, in an attempt to boost the country's economy which faces an increased downward pressure.