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S.Korea Approves China Everbright Bank's Operation in Seoul

Dec 17, 2015

South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...

Tags: Everbright Bank, foreign banks

Chinese Currency The Yuan Is Enjoying Rising Acceptance

Mar 13, 2015

With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...

Tags: Service, yuan

Curbs on Banks' Yuan Trading to Be Relaxed

Jan 1, 2015

China will relax restrictions on banks' yuan trading from next year, in a small but significant move toward relaxing its capital controls. The changes will replace daily caps on banks' foreign exchange positions with weekly limits, and ...

Tags: Yuan Trading, restrictions

Bangladesh Petroleum Corp Has Submitted a Formal Request to The National Board of Revenue

Feb 25, 2014

State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...

Tags: Petroleum, Tax Waivers, Oil Product

A Deal at The End of October in Which CCB Acquired a Lender in Brazil

Nov 22, 2013

When a Chinese engineering firm sets off to build a road or a dam in a distant country, a Chinese bank is usually not far behind them. Bank branches bearing Chinese characters can be found on the streets of Lima and Warsaw, as well as Paris ...

Tags: CCB, Brazil

Mizuho Corporate Bank Gained Regulatory Approval to Expand Registered Capital by 3 Billion

Oct 18, 2013

Mizuho Corporate Bank (China), Ltd., a wholly-owned subsidiary of Japanese commercial lender Mizuho Corporate Bank, Ltd., has gained regulatory approval to expand registered capital by CNY 3 billion. People in the know disclosed in an ...

Tags: bank, economy, Registered Capital

Hongkong Land Was to Be Organizing a Domestic Loan of CNY 2.6 Billion to CNY 2.8 Billion

Oct 11, 2013

Hongkong Land was said to be organizing a domestic loan of CNY 2.6 billion to CNY 2.8 billion or USD 425 million to USD 457 million to build a Wangfujing international brand center. The company has contacted with several Chinese and ...

Tags: Hongkong, Wangfujing Center, economy

Foreign Banks Will Continue Fueling Expansion in The Chinese Mainland

Aug 16, 2013

me foreign banks will continue fueling expansion in the Chinese mainland in the second half of this year despite that they experienced a profit fall there in the first half of the year. Foreign banks released financial results for the ...

Tags: bank, economy

Beijing Had Halted The Company's Transactions in Renminbi

Jun 27, 2013

MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...

Tags: MasterCard, Foreign Firms, Credit Cards

Foreign Banks Continue Selling Stake in Chinese Lenders

Apr 29, 2013

Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...

Tags: Foreign Bank, bank, economy

Essar Shipping Is Planning to Convert Around INR 800 Crore of Total INR 5,500 Crore Debt

Dec 19, 2012

PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...

Tags: interest burden, financing cost, domestic and foreign banks

Shandong Has Important Historical Status in The Five Thousand Years' Civilization of China

Dec 7, 2012

Speech by the Governor Shandong Province has important historical status in the five thousand years' civilization of China. The Confucian culture that originated in Shandong has dramatic influence both in China and overseas. Sunzi ...

Tags: Shandong, business, introduction to Shandong, Shandong economy, survey

Fubon Financial Holding May Win out in The Scramble Among Taiwanese Financial Holdings

Sep 24, 2012

Taipei,Sept.24,2012(CENS)--Fubon Financial Holding may win out in the scramble among Taiwanese financial holdings for Taiwanese-invested First Sino Bank in mainland China.Fubon Financial Holding may be able to acquire over 50%stake in First ...

Tags: Fubon, Financial, Bank

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