China’s Bank of Communications Co Ltd (BoCom) 601328.SS, 3328.HK reported a full-year profit rise of 11.9% on Friday, beating estimates. China’s sixth largest commercial bank by assets reported a full …
FINANCE
China’s Bank of Communications Q4 profit falls 9.2per cent
China’s Bank of Communications Co Ltd (BoCom), reported a 9.2per cent drop in fourth-quarter net profit on Friday.China’s sixth-largest commercial bank by assets reported a net profit of 23.2 billion …
China to finish preparation for establishing financial stability guarantee fund by Sept
China will complete its preparation for establishing a financial stability guarantee fund by the end of September with the central bank leading the work, a document published by State Council showed …
China’s foreign minister Wang Yi looks for a second chance for Beijing but India is cautious
Amid the unprecedented fallout of the crisis between Russia and the US-led Nato, Chinese Foreign Minister Wang Yi has arrived in India and will be meeting Indian Minister of External Affairs …
China’s postal bank reports 1t yuan of outstanding microloans
The Postal Savings Bank of China, one of the country’s state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan ($157.23 billion) on Wednesday, the …
China’s Big Six bank earnings to reflect recovery from Covid, stronger loan book
Leading state-controlled banks are likely to report earnings growth of between 8 and 15 per cent for 2021, according to analysts’ estimates Banks’ improved earnings for 2021 to reflect recovery from …
China Plane Crash Update: Confusion Over Second Black Box
As the search of the site of Monday’s crash continues, there is uncertainty over the status of the second black box: the flight data recorder. The newspaper of China’s civil aviation regulator …
New Rich List Reflects China’s Shifting Economic Policies, Experts Say
Beijing’s crackdown on high-profile market sectors like tech is upending share prices and forcing a radical reranking of China’s really, really rich as the government changes its economic focus to …
Beijing urges Washington to remove all additional tariffs
Chen Chuanglian, deputy director of the Southern China Institute of Finance at Jinan University in Guangzhou, Guangdong province, said the US move has proved that China is playing a key role in global …
Investors taking money out of China on an ‘unprecedented’ scale
China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging …
China Sees ‘Unprecedented’ Capital Outflow Since War, IIF Says
China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging …
China will exempt 3per cent VAT for some taxpayers – finance ministry
China will exempt 3per cent Value Added Tax for some taxpayers to support small firms, the finance ministry said in a statement on Thursday.The exemption will take effect from April 1 to Dec. 31, the…
China-backed bank STOPS lending to Russia and Belarus as Beijing’s support for Putin grows weaker in wake of Ukraine war
Beijing is the largest stakeholder in the multilateral institution – the brainchild of Chinese President Xi Jinping – with almost 27-percent voting power. The bank’s decision will be seen as the …
