China Real Estate

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The credits granted by the Chinese banks continued to increase in February. Those in Renminbi (RMB, Chinese currency) reached 1 070 billions of yuan (156.3 billions of dollars), either a rise of 827.3 trillion in yearly basis, announced Thursday the popular Bank of China (central bank).

The popular Bank of China (PCB, central bank) denied Thursday of the information according to which some new false banknotes could not be detected by the detectors of bad quality.

The Agricultural Bank of China (FERRY) is going to receive an injection of capital of an amount of 19 billions of dollars from the sovereign fund of the country, announced Wednesday a vice-governor of the bank.

The central bank indicated that this growth rate was of two points of percentage of less in relation to the same period of last year, either a fall during seven consecutive months since last December.

The central Bank of China published December 7 it " Report 2006 on the financial stability". This document brings an analysis of the present financial situation and the monetary politics of China. But in a special category, it also warns the potential apparition of a financial risk bound to the fall of the selling price of the real estate.

The telephonic aid service 95566 of the Bank of China will add Korean and Arabic in its services in foreign language before the Olympic games of Beijing, announced a person responsible of the bank Wednesday in Beijing.

The British branch of the Bank of China (BDC) bought 30% of the Inheritance Fund Management ITS (HFM) of Switzerland for a value of 8.7 millions of dollars, confirmed Wednesday the BDC.

The industrial and commercial bank of China (ICBC) was classified last year to the first rank of the commercial banks of the country for its competitiveness, according to a report published Sunday by the magazine Chinese Banker.