ADB to inject investment in Chinese SME credit guarantee firm

The Asian Development Bank (ADB), a financial institution dedicated in reducing the poverty and promoting the economic development in Asia, is said to have acquired a minority stake in the holding company of Shenzhen Credit Orienwise Co., Ltd.

China boosts export credit insurance for agricultural products

According to statistics, insurance premiums on the export of agricultural products increased by more than 70 per cent in the first three quarters of this year and enterprises taking the insurance on exports jumped more than 100 per cent, compared

HSBC expands branch network in mainland China

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has further expanded its network to 10 branches in major cities across mainland China today with the opening of its new branch in Suzhou.

Asian Development Bank buys stake in local credit insurer

The Asian Development Bank (ADB) has agreed to take a minority stake in privately owned credit guarantee provider Credit Orienwise Group, for US$10m (HK$78 m), in a move to help the growth of small- and medium-sized enterprises segment (SMEs) in C

China's CBRC Levies Supervision Charges On Banks

China Banking Regulatory Commission (CBRC), the government watchdog for the banking industry, has announced that, starting from this year, it will begin to take supervision charges on all kinds of commercial banks, policy banks, credit cooperative

Bank of Communications ratings outlook raised

Standard & Poor's (S&P) Ratings Services has revised the outlook on its 'BB' long-term foreign currency counter-party credit rating on Bank of Communications (BoC) to "positive" from "stable" after taking into consideration recent improvements in