China bars banks from funding coal, steel 'zombie firms'

BEIJING China's banking regulator said on Friday that banks must strictly control credit to coal and steel firms that are violating capacity cuts, the latest in a series of regulations aimed at reducing loans to industries struggling with over-capacity. ( read original story ...)

Liechtenstein private bank LGT mulls further Asian acquisitions

The private banking industry globally is struggling in the face of tougher ... LGT A further problem for private banks in China is that there are insufficient assets in Hong Kong and Singapore, where the overseas private banks primarily operate, to allow ... ( read original story ...)

China’s central bank extends massive loans to financial firms

China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms on Friday and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease a liquidity crunch and continuing debt sell-off. ( read original story ...)

As yuan weakens, Chinese rush to open foreign currency accounts

Industrial and Commercial Bank of China (ICBC) on its website offers preferential exchange rates for dollar-to-yuan transactions. "We're not seeing capital flight or lack of confidence in the local currency," said Raymond Yeung, chief economist for ... ( read original story ...)

Public-private partnership financing yet to take off in China

JPMorgan said it prefers the approach taken by Postal Saving Bank of China. The lender increased its infrastructure exposure by purchasing the special bonds issued by policy banks and reduced direct exposure. That said PPP financing also has several ... ( read original story ...)

China Automatic Teller Machine (ATM) Industry Report, 2016-2020

Currently, major banks in China have begun to deploy this kind of equipment, with Bank of Communications, for example, having deployed 489 VTMs as of the end of June 2015. From the perspective of competitive landscape: At present, there are scores of ATM ... ( read original story ...)