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Lenders' asset quality declines
By WANG XIAOTIAN (China Daily)
Chinese banks' asset quality continued to deteriorate in the first quarter as the economy faltered, according to the financial reports of major banks.
France leads eurozone in offshore RMB payments
By LI XIANG in Paris and WANG XIAOTIAN in Beijing (China Daily)
France now holds the leading position in euro countries for exchanging RMB payments, after recording a 249 percent growth in the value of payments since March 2012.
Developing global Chinese banks
By Xiao Gang(China Daily)
China's integration in the global economy requires not only Chinese enterprises to expand their global businesses, but also China's banking sector to accelerate its internationalisation.
Yuan heads global
If there is one thing in common between fashionable youths in hot pants flocking to high-end department stores in London and bankers in dark suits walking in and out of skyscrapers in the city's financial district, it might be their growing interest in the Chinese currency.
Efforts 'to ensure wider use of renminbi'
By CECILY LIU in London(China Daily)
China should build the infrastructure for renminbi internationalization as the currency becomes increasingly used by overseas investors, according to former chairman of the CBRC.
BOC opens Chicago branch
Bank of China Ltd, one of the country's biggest banks, has officially opened a branch in Chicago, which it hopes to use as a base for new business activities across 17 US states.
Shifting, shaping of financial centers
By Paola Subacchi(China Daily)
China faces challenge of reconciling market-driven financial sector with policy-driven growth.
Yuan globalisation is choice of the market
The internationalisation of the yuan is the will of the market rather than a government-backed move, People's Bank of China Governor Zhou Xiaochuan said on June 4.
CCB net profit growth weakest
By Wu Yiyao in Shanghai(China Daily)
China Construction Bank Corp, the world's second-largest lender by market value, reported a 14 percent year-on-year net profit increase thanks to healthy net-interest income and higher commissions.
Banking regulator warns on rising risks
The China Banking Regulatory Commission has urged banks to pay close attention to the credit risks in key industries affected by the economic downturn and hit by overcapacity woes.
