China
BoCom to raise $758mn for renminbi investment fund
BoCom to raise $758mn for renminbi investment fund
The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.
China banks to issue subordinated bonds on financing pressure
Bank of Beijing, China Minsheng, Agricultural Bank of China (ABC) and the Industrial Bank issued bonds to supplement capital adequacy ratio.
Westpac’s CEO set to testify at senate competition inquiry
Gail Kelly is expected to follow her rivals to argue that Australian retail banking competition is strong.
ICBC to open 5 branches in Europe
ICBC continues overseas expansion despite being slow to follow their traditional clients abroad.
China Merchants Bank plans raising $4.5bn
The lender may seek help from its parent company to raise capital in complying with its higher capital adequacy requirements.
Issues raised by the SPC’s recent judicial interpretation on FIE Disputes
On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of Disputes Involving Foreign Invested Enterprises.
China Construction Bank to pare down loan scale
The lender follows move of other Chinese banks due to expected tighter loan policy in 2011.
Regulators approve cooperation of BoC with 4 Taiwanese banks
Cooperation to include foreign exchange, trade finance, joint loans, interbank borrowing and staff exchanges.
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