China Banking Corp. earned a record P15.1 billion last year, 25 percent more than in 2020, on the back of sustained core business growth and effective cost management.
FINANCE
Here’s why Swift — the global banking system’s group-text — could be the next big step for sanctioning Russia
Vladimir Putin, President of Russia looks on during the Opening Ceremony of the Beijing 2022 Winter Olympics at the Beijing … wouldn’t be “a catastrophe,” but noted that it would make bank …
China Bank net earnings climb to P15.1B
CHINA BANKING Corp. (China Bank) posted earnings of P15.1 billion in 2021 as its fee and net interest income increased.
Moody’s downgrades Chinese property developer Shimao as debt troubles drag on
Moody’s downgraded Chinese property developer Shimao Group Holdings on expectations that the company will find it harder to repay investors on time.
China Antigraft Body Says Financial Agencies Lack Risk Awareness
China’s top disciplinary watchdog criticized financial agencies for lacking risk awareness following a probe of the country’s regulators and state banks. Some agencies “do not have sufficient …
China uncovers problems in inspection of financial sector – Xinhua
Chinese anti-corruption inspectors from the ruling Communist Party have uncovered a number of weaknesses in the financial sector in a two-month investigation, Xinhua news agency said on Thursday.
Ex-PBOC Advisers Say China Able to Cut Rates as Fed Tightens
The People’s Bank of China’s policy divergence from the Federal Reserve won’t constrain its ability to lower interest rates again if the economy needs it.Most Read from BloombergRussia Attacks From …
China ready to soften Russian economic blow from Ukraine sanctions
China is ready to throw Russia an economic lifeline as Vladimir Putin’s ties with the west deteriorate and Moscow is hit by snowballing sanctions over the crisis in Ukraine. Putin ordered the start of …
Ex-PBOC Advisers Say China Has Room to Cut Rates as Fed Tightens
The People’s Bank of China’s policy divergence from the Federal Reserve won’t constrain its ability to lower interest rates again if the economy needs it.Most Read from BloombergZelenskiy Urges Russia …
China and Pakistan’s ‘no more coal power’ pledges don’t hold up to scrutiny
Pakistan received positive attention when Prime Minister Imran Khan announced that his nation “will not have any more power based on coal” at the December 2020 Climate Ambition Summit.
Manulife and Manulife China Bank Life launch FutureBoost to help Filipinos achieve their goals faster
Manulife Philippines, a subsidiary of leading international financial services provider Manulife, announces the launch of FutureBoost, a flexible insurance plan that provides customers with multiple …
China & Hollywood: ‘Red Carpet’ Author On Communist Party’s Leverage Over Studios And Whether Middle Kingdom Mayhem Is Worth It
Wall Street Journal reporter Erich Schwartzel’s book, Red Carpet: Hollywood, China and the Global Battle for Cultural Supremacy, warns in its prologue: “China’s pressure on Hollywood and its own …
U.S. Justice Department to end Trump-era program targeting threats posed by China
The U.S. Justice Department on Wednesday will end a program focused on fighting Chinese espionage and intellectual property theft, shifting from what an official called a “myopic” focus to address …
