Bank of China

People’s Bank of China injects funds into interbank market

People’s Bank of China injects funds into interbank marketChina's central bank on Tuesday injected 17 billion Yuan via issuance of seven-day reverse bond repurchase agreements into the interbank market, as part of its efforts to counter another increase in money market rates.

It is the first time in nearly six months when the People's Bank of China has actively injected funds into the country's interbank market, showing its willingness to maintain liquidity following the June mayhem, when the central bank cut off funding to the interbank system.

Chinese lender becomes world’s biggest bank

Chinese lender becomes world’s biggest bankThe Industrial and Commercial Bank of China has emerged as the biggest bank in the world indicating that the financial centre in the global economy is shifting towards east.

In terms of the balance sheet strength, the Industrial and Commercial Bank of China emerged on the top of the list of global banks with $160.6 billion in tier one capital. The bank recorded an annual profit of $49.1bn in 2012. The new report by the Banker magazine also showed that there were four state-owned Chinese banks in the top ten.

Chinese central bank to ‘fine-tune’ policy amid liquidity crunch

Chinese central bank to ‘fine-tune’  policy amid liquidity crunchThe People's Bank of China, China's central bank, has indicated that the country might have to `fine tune' its monetary policy as the economy faces liquidity crunch.

The remarks indicate that the authorities in the country are more likely to loosen monetary policy to improve the liquidity position in the world's second largest economy. Following the monetary policy committee's second-quarter meeting in Beijing, the central bank indicated that the country must be ready for fine tuning its monetary policy.

Bank of China offers mortgages in England

Bank of China offers mortgages in EnglandWorld's third largest bank, Bank of China has surpassed many of the UK lenders in offering mortgages to British borrowers at a noticeably lower rate.

Earlier, the bank of China was paying attention to providing credit to the Chinese community in England.

Bank of China has been aiming at homeowners plus buy-to-let customers with rates from 2.5% above the base rate.

Four brokers including Legal & General Mortgage Club and Savills are supporting the lender in marketing transactions.

Syndicate content