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Efforts 'to ensure wider use of renminbi'
2013-05-03 00:58
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
2013-03-26 08:01
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.
Harder push likely on yuan, says HSBC
2013-03-19 05:36
HSBC Holdings PLC expects China to push harder this year for the yuan's convertibility and trading freedom as part of the nation's goal to make the yuan a global reserve currency.
UnionPay to widen global issue of single-branded cards
2013-03-14 09:21
China UnionPay Co Ltd, the country's largest bank card payment processor, aims to expand the international issue of its single-branded cards, to up the ante on its main cross-border transaction rival, Visa Inc.
Chinese banks set for greater int'l role
2012-10-08 10:55
China Construction Bank Chairman Wang Hongzhang said that he is prepared to spend up to $15 billion (11.6 billion euros) on a major acquisition in Europe.
Service growth opens doors for nation's banks
2012-09-13 07:48
Chinese banks will have more opportunities to expand overseas as the country transitions toward a more service-based economy, said Michael Andrew, global chairman of KPMG International, an accounting and consulting services provider.
BOC opens Stockholm branch
2012-08-03 10:23
Bank of China celebrated the opening of Stockholm branch, its first one in the Nordic region.
European network of Chinese banks grows
2012-07-13 12:32
An emerging network of Chinese banks is gradually unfolding across the European continent, with corporate and private clients standing to benefit from the additional services.
Bank of China opens branch in Sweden
2012-07-11 06:41
The most international and diversified Chinese bank opened its branch in Stockholm recently, marking the first Chinese banking facility in Nordic region.
Chinese lenders spread wings
2012-07-13 11:28
Major players in domestic banking sector look global but more is needed to narrow gaps and tackle foreign competition.
