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HSBC, Europe's biggest lender, is set to continue its expansion on Chinese mainland and will set up 15 new outlets in cities and three rural outlets this year, a senior executive said on Tuesday.
The Industrial and Commercial Bank of China (ICBC) has handled more than 150 billion yuan ($22.83 billion) of cross-border trade settled in its own currency by the end of January, according to a statement released Tuesday on its website.
The size of new loans from China's four major State-owned banks is set at about 2.85 trillion yuan in 2011. The nation's new loans, of which 35 to 40 percent may come from the "big four", are between 7.1 to 8.1 trillion yuan.
Chinese shares closed higher Tuesday with the benchmark Shanghai Composite Index up 14.65 points, or 0.5 percent, to end at 2,919.85.
The value of China's futures transactions in the first two months of this year rose 38.44 percent year-on-year to 19.16 trillion yuan ($2.9 trillion), according to the China Futures Association.
The People's Bank of China, the Chinese central bank, announced on Monday that it would sell 1 billion yuan ($151.98 million) one-year bills on Tuesday.
China's bonds are the worst performers among the so-called BRIC nations (Brazil, Russia, India and China) this month and may remain a poor investment as interest rates increase, according to the manager of the country's best-performing debt fund.
The People's Bank of China (PBOC), the country's central bank, announced Monday that it has joined the South East Asian Central Banks (SEACEN) as a council member.
Commerzbank, Germany's second-largest lender, announced on Monday ambitious plans with a cross-border focus for corporate customer business with China and Asia.
Stocks on the Chinese mainland rose on Monday, capping the first monthly gain for the benchmark index since October.
The value of Chinese currency Renminbi (RMB), the yuan, strengthened 46 basis points against US dollars Tuesday.
China's holdings of long-term US Treasury securities totaled $1.16 trillion at the end of December 2010, according to an annual revision report released by the US Treasury Department on Monday.
