Industrial and Commercial Bank of China (ICBC)
Singapore efforts to become RMB offshore centre bolstered by bond funds
Barclays Capital and UOB Asset Management issue the first renminbi-denominated bond funds in Singapore for retail investors. RBS believes Singapore has the potential to be the second major offshore renminbi centre after Hong Kong
Onshore forex options debut in China
Foreign exchange options debuted in mainland China today with a number of deals taking place. China now has an onshore market for forex forwards, forex options, forex swaps and cross-currency swap, offering market participants more hedging tools as the…
Standard Bank to store gold in Asia for new Hong Kong EFT
South Africa’s Standard Bank offers its metals and market making capabilities for a new gold ETF in Hong Kong.
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
ICBC’s Wang warns on eurozone debt contagion and Chinese property fears
In a contribution to Asia Risk’s 15th anniversary edition, Wang Lili, executive director and senior executive vice-president of Industrial and Commercial Bank of China, cites the European sovereign debt crisis as a key risk management challenge for…
Unbroken China
The global financial crisis had an indirect but significant impact on Chinese banks, which have had to manage the risks linked to the country’s large credit expansion in 2009. Financial institutions have also learnt useful lessons from the collapse of…
The dragon advances
Op Risk in China
ICBC goes AMA in Chinese Basel II test run
First Chinese bank working for AMA approval
Misys nails three major treasury deals in Asia
Misys Banking Systems, a unit of London-based software company Misys, has signed up three leading Asian financial institutions to use Misys Summit for their treasury and capital market requirements.
ICBC Asia to use Fernbach Software to comply with IFRS
Industrial and Commercial Bank China (ICBC) Asia has purchased Fernbach Software’s FlexFinance software to fulfil the bank’s international financial reporting standards (IFRS) requirements.
China's largest banks prepare for Basel II
Increased competition and the desire to expand overseas is forcing Chinese banks to start preparing for the implementation of the new Basel Accord, also known as Basel II, according to supervisory officials in that country.