China Minsheng Banking : 2016 Net Profit CNY47.84 Billion

HONG KONG--China Minsheng Banking Corp. Ltd. (1988.HK) late Thursday reported a 3.8% rise in its 2016 net profit amid steady operating income. The Chinese bank said net profit for the year ended Dec. 31 rose to 47.84 billion yuan (US$6.94 billion) from ... ( read original story ...)

After 2016 squeeze, some top China banks set for stronger growth

"The trend is promising," Yi Huiman, Chairman of Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest lender, said on Thursday, citing the impact of broad economic recovery. Pricing for loans is stabilising and may even pick up as the ... ( read original story ...)

China’s Tectonic Shift in Bank Funding

Ghosts of financial crises past rarely revisit in exactly the same way. Still, stresses looming in China’s behemoth banking system eerily resemble the ones its U.S. counterpart suffered just ahead of its meltdown a decade ago. They can be seen in this ... ( read original story ...)

China's big banks say bad-loan fears eased in 2016

Bad-loan concerns at China's big banks eased in 2016 despite flat earnings growth, the companies said this week, but analysts warn asset-quality problems in the world's second-largest economy could worsen next year. Bank of China, the country's main ... ( read original story ...)

China downplays tensions with U.S. as Xi prepares to meet Trump

"China does not deliberately seek a trade surplus. We also have no intention of carrying out competitive currency devaluation to stimulate exports. This is not our policy," Zheng said. State news agency Xinhua also struck a conciliatory tone. "Of course ... ( read original story ...)

Can China's ivory trade ban save elephants?

At the height of the market some of them could sell for many thousands of dollars. Now, to the delight of conservationists everywhere, China is calling a halt to this lucrative end of a brutal and bloody trade. But Mr Liu, as you might expect, is far from ... ( read original story ...)