Asian shares followed their Wall Street peers lower as talk about a scaling back of the Federal Reserve's monetary stimulus weighed on sentiment.
Asian shares were lower on Thursday as caution ahead of the ECB meeting overshadowed potential gains from Wall Street's record finish.
Asian stocks tracked their U.S. peers lower on Thursday following a slightly less dovish than expected tone from the Federal Reserve.
Earnings results from China’s big banks show profit growth slowed in the third quarter, with bad loans seen as one of the main challenges.
For a currency that is controlled by the state and grants few investment options, the renminbi has attracted a large band of suitors. The FT reports.
Luxembourg hailed the opening of the European headquarters of a third Chinese bank, underlining its yuan business ambitions.
It's time to take some money off the table in China's market, Nomura said, turning more cautious before the Party Congress in November.
China has launched a new benchmark lending rate that guides commercial banks in setting interest rates when lending to their best customers.
Asian equities were mixed on Thursday on the back of positive Chinese manufacturing data and liquidity fears in the mainland.
Japanese and Chinese equities were sold-off on Wednesday afternoon on fears of bad bank debt and tight liquidity in China.
Osborne welcomes Chinese banks looking to expand in London, offering to break down regulatory barriers in a bid to reinforce itself as a renminbi hub.
Asian equity markets moved off session lows on Wednesday but investors continued to take profits after recent robust gains and as U.S. support for action against Syria dampened sentiment.
China stocks outperformed Asian equity markets on Monday on economic optimism while sentiment in other Asian shares rose after weak U.S. data soothed fears that the Federal Reserve would reduce its stimulus program anytime soon.
Asian stocks rallied on Friday, extending the previous day's strong gains as investors cheered robust global economic data and a commitment to easy monetary policy from global central banks.
Seventy percent of analysts covering Chinese financial stocks rate them a buy, yet financials are the worst performing this year in the group, data shows.
Singapore's Temasek Holdings says the size of its portfolio soared to a record high in the financial year ending March 2013.
China's government has been buying shares in the country's four big banks, a move analysts expect to continue until jitters about high interbank lending rates and the economic outlook ease.
China's government has stepped up efforts to lift confidence in the country's flagging stock markets by buying more shares in the four biggest commercial banks.
In another volatile afternoon session, the Nikkei tumbled 3.8 percent to a new two-month low on Wednesday while the yen inched higher after Prime Minister Shinzo Abe's third "Abenomics" arrow failed to impress investors.
Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.