By Ziyi Tang and Selena Li BEIJING/HONG KONG, Aug 28 (Reuters) – China’s five largest banks have reported profit growth of between 3% and 5% in the first half, as falling deposit costs eased pressure…
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China moves to stabilise property sector with ‘stronger-than-expected’ policy package
The measures aim to shift China’s vast property sector away from a presales model, as Beijing strives to stabilise market downturn.
Flood risks hamper efforts to search for hundreds missing at Nepal-China border
At least 540 people have been killed and more than 1,500 are reported missing in the Himalayan region as authorities race to find survivors after devastating flash floods.
The Next Target in China’s Secret War Against US Data Centers
Musk’s social media platform, which has leaned heavily into AI through its chatbot Grok, is the latest U.S. tech company to discover this pattern, and the latest to fight a two-front narrative war …
China’s auto exports hit record high in first half of 2026 with over 5 million units sold
In the first half of 2026, China’s auto exports hit a record high for a semi-annual period, totalling more than 5 million units. BYD and Chery have emerged as the primary drivers of this industry’s…
Death toll rises in Nepal-China border disaster as a lake poses new flood threat
Nepal’s National Disaster Risk Reduction and Management Authority said Friday that the death toll in the flash floods that struck Wednesday has risen to 538. The authority said in an update that the …
China resumes rescue work after assessing upstream lake conditions
By Liz Lee BEIJING, Aug 28 (Reuters) – Chinese authorities have assessed that risks from an overflowing lake formed after a glacier collapse that triggered catastrophic flooding on the China-Nepal …
Bank of China posts 5.1% rise in first-half profit
SHANGHAI, Aug 28 (Reuters) – Bank of China, China’s fourth-largest commercial bank, reported on Friday a 5.1% rise in first-half net profit. Net profit reached 123.594 billion yuan ($18.39 billion) in …
China’s ICBC, world’s biggest bank, posts 3.3% profit rise in first half
SHANGHAI, Aug 28 (Reuters) – Industrial and Commercial Bank of China, the world’s largest lender by assets, reported on Friday a 3.3% rise in first-half net profit. Net profit reached 173.682 billion …
China’s Major Banks Post Higher Profits as Margin Squeeze Eases
China’s biggest state-owned lenders reported higher first-half profits as stabilizing net interest margins offered respite after years of earnings pressure from property debt risks and sluggish credit …
China triples its e-CNY network in 2026 as 8 more banks join the CBDC push this week
The People’s Bank of China (PBOC) added 20 new operators this year across two rounds of expansions, including eight additions this week.
Overflowing lake adds new danger to desperate rescue efforts following China-Nepal disaster
Already harrowing rescue efforts along the China-Nepal border are being complicated by the risk of new flooding or landslides, with authorities in China and Nepal pausing rescue efforts Friday due to …
China home prices seen falling slightly less this year, property investment slump deepens: Reuters poll
(Corrects to Q3 global Reuters housing poll from Q2 in the last paragraph) By Liangping Gao and Ryan Woo BEIJING, Aug 28 (Reuters) – China’s home prices were expected to fall slightly less this year…
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