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Dollar 'carry trade' fuels worry

Business | Macro-economy and policy
2009-11-16

CHINA'S top bank regulator said yesterday the weakening United States dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic...

China eyes new rules to regulate bank loans

Business | Macro-economy and policy
2009-10-29

CHINA yesterday issued draft rules to tighten oversight of personal loans as it steps up efforts to prevent credit from being channeled into the stock and property markets. It was the third time in less than four...

Regulator warns banks over lending

Business | Banking
2009-10-12

SHANGHAI'S banking regulator has asked lenders to stop offering incentives to attract deposits and stick to the 40 percent down-payment rule for second homes to ensure fair competition. The Shanghai bureau of the...

Regulator gets tough on credit cards

Business | Banking
2009-9-29

SHANGHAI'S banking regulator, responding to rising problems related to a surge in the number of credit cards, says lenders will no longer be allowed to outsource the business of signing up new cardholders. The...

Bank regulator calls for better risk management

Business | Banking
2009-9-21

CHINA'S bank regulator has called on lenders to improve internal risk management following a surge of new loans in the first eight months of this year, a notice on the agency's Website said. "With bank loans...

Banks to benefit from stricter stance

Business | Banking
2009-9-7

BANKS should welcome the Chinese government's stricter stance on their capital base because it will benefit them although it will also affect their lending capacity, said a vice chairman of the regulatory body over...

City gets approval to test consumer credit firms

Business | Banking
2009-8-14

THE central government yesterday allowed Shanghai and other three cities to set up consumer credit companies in a trial program designed to help direct economic growth into domestic consumption. Shanghai, Beijing,...

New loans rise but NPLs drop

Business | Banking
2009-8-11

THE amount of bad loans in China dropped in the first half of the year despite soaring new credit, the top banking regulator said. Analysts, meanwhile, said the regulator is expected to vigorously scrutinize the...

Banking regulator moves in to cut risk in financial derivatives

Business | Banking
2009-8-6

CHINA will tighten rules governing the derivatives operations of domestic banks after financial institutions suffered losses during the global downturn, the country's banking regulator said yesterday. The move...

City increases credit to small business

Business | Banking
2009-7-31

BANKS in Shanghai have increased loans to small businesses by 20 percent in the first half of this year as the lenders seek to diversify income channels. Commercial banks in the city lent 28.68 billion yuan (US$4.2...