Unprecedentedly, ICBC, China Construction Bank, Bank of China and Agricultural Bank of China are all in the top five banks by Tier 1 capital worldwide. But the good news does not end there for Chinese banks, with many putting in a strong performance further down the ranking.
Latest articles from China
The former head of Banco Espírito Santo’s investment arm, José Maria Ricciardi, talks to Stefania Palma about the parent bank’s turbulent last days and how he hopes to exploit its established European network in his new position as the chief executive of Haitong Bank.
After a turbulent 2015, faith in Asia’s economies was strong at the Asian Development Bank annual meeting in Frankfurt, despite falling exchange rates and capital outflows. Stefania Palma reports.
Ahead of the 2016 Asian Development Bank annual meeting in Frankfurt, the president of the ADB discusses China’s slowdown and reform agenda while underscoring that other parts of Asia – such as India – are still growing strongly. Interview by Stefania Palma.
Two months after finalising Haitong Securities' acquisition of Novo Banco's investment banking unit, now called Haitong Bank, the parent company's deputy CEO and the UK head of the new bank talk about the acquisition, their international growth plans and what a jittery renminbi means to them.
Huge debts and questionable investments have driven many Chinese local governments to the brink. Now regulators have stepped in with a package of reforms. Stefania Palma asks how effective the new measures will be after decades of poor supervision.
Worries over China's economy would abate if market authorities communicated better and avoided overzealous interventions. And, for their part, investors should keep their cool when faced with less-than-stellar growth figures.
China Zheshang Bank chairman Shen Renkang discusses China's economic slowdown and financial market shocks of 2015 and the bank's growth strategy in a tricky local and global environment.