HSBC China has expanded rapidly since being established in 2007. Its chief executive and deputy chairman, Helen Wong, says it wants to retain its position as the largest foreign lender in China, and boost its ties with Bank of Communications, in which HSBC has a large stake. She insists, too, that the outlook for the country's economy is rosy.
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World
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A poisoned chalice for China?
July 1, 2013The growth of China's banks, into the world's largest and most profitable institutions, is not necessarily a good thing for the country.
World
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China dominates net interest rankings
July 1, 2013China's banking dominance has extended into the net interest income rankings, though the trading income tables have a more old-world feel to them.
World
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China: four giants and number one in the world
July 1, 2013Home to the largest bank in the world by Tier 1 capital – Industrial and Commercial Bank of China – and three other members of the top 10, China's dominance at the top of the global banking scene is now there for all to see.
World
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Highest Movers table shows story after China
July 1, 2013The Highest Movers table of the Top 1000 has had a distinctly Chinese feel to it in recent years, but 2013's ranking shows rapid growth among financial institutions the world over, including in Europe's crisis economies.
World
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Banks to watch in 2013, Bank of Inner Mongolia
February 1, 2013The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. China-based Bank of Inner Mongolia was one of the fastest movers in The Banker’s Top 1000 rankings in 2012, and its most recent published figures suggest this growth will continue, making it one to watch in 2013.
World
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US and China reach stalemate over accounting practices
February 1, 2013US authorities require Chinese companies listed in the US to abide by certain accounting standards. Many of these Chinese companies are unable to meet such demands because the information contained within their accounts is deemed to be a state secret. Recent fraud accusations involving Chinese companies have only served to highlight this problem, but any sort of resolution appears to be some way off.
World
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Emerging market banks stake claims in commodities
December 3, 2012With balance sheet clean-ups continuing in Europe and the US, banks in emerging markets have grabbed the opportunity to forge stronger relationships with local commodity producers.
World
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A dictionary of difficulties from 2012
December 3, 2012If 'algorithms, bail-ins and cajas' were the ABC of banking in 2012, what will be the new buzzwords? Philip Alexander looks at the phrases that defined 12 months of pain, and suggests some words to watch in 2013.
World
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Green energy feels the chill
December 3, 2012Tighter bank financing, falling government subsidies and rising US shale gas production are all putting the squeeze on the renewable energy industry.