China

Standard Chartered China gets approval for RMB3.3b loan quota

It is the first foreign bank to have been granted approval.

Guangdong opens data center for financial institutions

Fujitsu Technology Corporation builds US$29.5 million center.

Chengdu aims to become the new Hong Kong

Turns to London to jump start transformation into financial center.

Chinese financial reforms a must for GDP growth

Moody's says China must speed-up the pace of financial reform.

New anti-corruption drive in Chinese banks

Executives of state-owned banks told that ostentation is a no-no.

HSBC executes first RMB export settlement in Bangladesh

Bangladesh’s exports to China are expected to grow 12% in 2012.

CCB to do M&As abroad

Intends to become a global bank by 2015.

China to tackle renminbi convertibility

Deregulation also necessary to carry out financial reforms.

China's banking and finance chiefs purged

Zhou Xiaochuan will step down as Governor of the People’s Bank of China.

Bad loans on the rise for China's banks

NPLs up for four consecutive quarters.

ICBC continues Middle East expansion

To open branches in Saudi Arabia and Kuwait, and invest in South Africa.

BOC given 3.1-B yuan credit quota

Program's total value is 50 billion yuan.