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Medium-sized banks boost industry
Published on 2008-04-10 13:27:34
By Xu Shenglan (chinadaily.com.cn) Updated: 2008-04-10 15:44 China’s banking industry was boosted over the past year amidst a booming economy and the capital market, with medium-sized banks achieving the highest growth, the China Business News quoted an analyst as saying on Wednesday. Li Weiqi, a banking analyst from the Sinolink Securities, said annual [...]
HSBC launches private banking in China
Published on 2008-04-10 13:25:29
(Agencies) HSBC Holdings, Europe’s largest lender, launched private banking services in China on Monday as foreign banks including Citigroup target the country’s fast-growing market for services to wealthy clients. Chinese regulators had given HSBC approval to offer private banking services in Shanghai, Beijing and the southern city of Guangzhou, the bank said. It [...]
Yuan breaks 7 mark against US dollar
Published on 2008-04-10 12:53:22
(Xinhua) Updated: 2008-04-10 09:51 China’s currency, the yuan, was set to trade at 6.992 yuan against the US dollar on Thursday, breaching the 7-yuan mark for the first time since the government unpegged it from the dollar in 2005. Following an overnight fall of the dollar, the central parity rate of the yuan, or [...]
