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The China Banking Regulatory Commission (CBRC) on Thursday ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
Agricultural Development Bank of China, a State-owned agricultural policy bank, plans to issue 400 billion yuan ($60.6 billion) in bonds in 2011, the bank's vice president said on Thursday.
China's bankcard association, China UnionPay, announced Thursday it has signed an agreement with Citibank to accept UnionPay cards in seven Asian nations.
Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 45.01 points, or 1.5 percent, to 2,957.14.
China's banks might extend over 500 billion yuan ($76 billion) worth of new loans in February, the China Securities Journal reported Thursday.
The launch of an international board in Shanghai will not diminish Hong Kong's attractiveness to the mainland and foreign listings in the near term, said a former stock market regulator who used to serve on both sides.
Chinese mainland distillery, Dukang Distillers Holdings Limited, began issuing 130 million units of Taiwan depository receipts (TDRs) on the Taiwan Stock Exchange (TWSE) at NT$18.65 (63 cents) per unit on Wednesday.
Indian private-owned leading telecom operator Reliance Communications Wednesday said that it had signed the final document to tap $1.93 billion loans from Chinese lender China Development Bank (CDB).
Gansu-based Baiyin Nonferrous Metals Corporation (BNMC), China's leading nonferrous metals producer, is planning a listing on the Shanghai stock exchange this year, in a bid to invest in overseas mining resources.
Bank of China, one of the country's top four lenders, expected to grow its loan business at a double digit rate this year, its chairman said Wednesday.
China's biggest mining companies are selling the most bonds among the largest emerging economies this year, tapping demand from investors attracted by the highest relative yields since 2009.
China's Dalian Commodity Exchange will launch coke futures trading this year to provide new hedging tools for the industry, Liu Xingqiang, general manager of the exchange, told reporters here on Wednesday.
