China speeds up bank reform
China vows to get its major State-owned commercial banks ready for challenges from their overseas rivals before 2006, when the country will open its banking business -- in all places and all currencies -- to foreign banks.

China will privatize the Bank of China (BOC) and China Construction Bank (CCB) within the next three years, said China Banking Regulatory Commission (CBRC) Chairman Liu Mingkang here Thursday.
Latest Report
 
  • Biggest state bank transforms into joint-stock company
    •  (29/10 09:15)
  • State banks sharpen competitive edge
    •  (14/1 17:21)
  • S&P: ""Positive future for banks""
    •  (3/12 09:33)
  • S&P positive on Chinese banks
    •  (1/12 15:45)
  • 2 Chinese banking giants may go public in 2005
    •  (30/11 21:58)
  • AMCs axe US$70 b in bad assets
    •  (20/11 11:16)
  • Massive shake-up for Bank of China
    •  (17/11 21:05)
  • Bank reforms are vital issue: CBRC
    •  (12/11 16:09)
  • Chinese banks stronger, but challenges remain
    •  (12/11 16:07)
  • Citigroup obtains approval to buy China Huarong debt packages
    •  (10/11 10:10)
  • Cash deals on non-performing assets get approval
    •  (9/11 17:14)
  • ICBC profit jumps in first three quarters
    •  (25/10 17:20)
  • Bank profits up 21.5% in 1st 9 months
    •  (23/10 17:19)
  • Domestic assets of banking sectors exceeds 30 trillion yuan
    •  (20/10 11:19)
    >>more
     
     Hot Topics
    ARATS chief's Taiwan visit
    Quake jolts southwest China
    Shanghai World Expo 2010
    more topics