China says 8 foreign banks apply for registration
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China's banking regulator said it had  received eight applications from foreign banks for local  registration, which it would begin processing on Monday, a  first step in granting national treatment.
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China announced rules on Sunday   requiring foreign media to seek approval from its state news   agency to distribute news, pictures and graphics domestically,   and warned against reports that "endanger national security."
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Facing foreign competition in 2007, China's banks are expanding loan options.
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China is to provide 4bn yuan of cheap loans to Chinese firms investing in the Caribbean, a report says.
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China Mercants Bank made a strong debut Friday on Hong Kong's stock market as another Chinese lender &#151; the country's biggest commerical bank &#151; got ready to kick off what could be the world's largest initial public offering.
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Text of report in English by official Chinese news agency Xinhua (New China News Agency)  Beijing, Feb.
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China on Wednesday raised the proportion of deposits that banks must hold in reserve for the eleventh time since the start of 2007, extending a long-running campaign to mop up excess cash in the banking system.
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China ordered banks to put aside more money as reserves for the seventh time this year to cool lending and investment after inflation accelerated to a 10-year high.
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China's banking industry officially opens to full foreign competition on Monday, a landmark for the country's financial sector and a day of reckoning for the country's mostly state-owned banks.
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The Bank of China said Thursday that it held almost $9.7 billion of securities backed by American subprime loans, the most of any Asian company.
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An agreement comes into effect which allows Chinese tour groups to visit 29European nations.
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China plans to let foreign companies take stakes in local television production companies, in a move giving international media companies better access to the world's biggest market.
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State-run China Construction Bank, the countryâs top property lender, has chosen five founding shareholders for its listing vehicle in an initial step towards an estimated $10 billion IPO, a shareholder said on Wednesday.
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China has set up a money broker joint venture with ICAP, the world&#39;s largest inter-dealer broker headquartered in London, state media said Friday, providing a tool for domestic banks to hedge risks.
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China introduces new laws allowing foreigners to apply for longer residency rights.
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A year after injecting $45bn into two state banks to ready them for flotation, China is preparing a fresh bailout for two more institutions.
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Several U.S. financial firms have inquired whether China Life Insurance Co   would like to invest in them, Wan Feng, the president of the nation's biggest insurer, said on Wednesday.