Postal Savings Bank of China reported the highest first-half profit among lenders that published results on Friday. Bocom president optimistic about full-year outlook.
FINANCE
China cracks down on ‘harmful’ financial news
China has begun a two-month campaign to crack down on commercial platforms and social media accounts that post finance-related information that is deemed harmful to its economy. And in a further sign …
Jin Renqing, Ex-China Finance Minister, Dies in Fire: Caixin
Former Chinese Finance Minister Jin Renqing died in a fire at his home in Beijing, Caixin reported on Saturday, citing multiple unidentified people.
China Construction Bank profit jump 11% to $24b
China Construction Bank Corp, a large State-owned commercial lender, recorded a net profit of 154.1 billion yuan ($23.8 billion) in the first half, an increase of 10.92 percent from the same period …
As China urges the rich to give more for ‘common prosperity’, it can no longer afford restrictions on charity
The circumstances are certainly of concern to China’s most prosperous. Since November, when billionaire Jack Ma’s financial-technology conglomerate Ant Group was suddenly forced to halt a mega share …
Air China, China Southern narrow quarterly losses as travel rebounds
Air China and China Southern Airlines on Friday narrowed losses in the second quarter after a hit from low Lunar New Year traffic, but domestic COVID-19 outbreaks and border closures are set to weigh …
China’s Bank of Communications posts 15per cent rise in H1 profit
China’s Bank of Communications Co Ltd, the country’s sixth-largest lender by assets, reported on Friday a 15.1per cent increase in first-half net profit as the economy recovered from the COVID-19 …
China’s Bank of Communications Posts 15% Rise in H1 Profit
China’s Bank of Communications Co Ltd, the country’s sixth-largest lender by assets, reported on Friday a 15.1% increase in first-half net profit as the economy recovered from the COVID-19 pandemic.
China’s top bank ICBC posts 9.9per cent rise in H1 profit
SHANGHAI/BEIJING : Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, said its net profit rose 9.87per cent in the first half of 2021. ICBC’s profit for …
China Tech Rally Fizzles After Report on Tighter IPO Rules
Chinese technology shares dipped in the afternoon following a report by Dow Jones that China will propose new regulations to block companies with large amounts of sensitive consumer data from floating …
China sets rules on computer codes that guide consumers
The measures are part of a broader crackdown by Beijing on the tech sector and mega-apps including gaming, personal finance and ride-hailing.
China Huarong Set to Divulge Full Damage After Roiling Markets
China Huarong Asset Management Co. is set to reveal the full extent of its financial health after flagging record losses last year and clinching a government-orchestrated bailout to keep it from the …
China Plans Control of Tech Algorithms U.S. Can Only Dream Of
The Cyberspace Administration of China unveiled a 30-point draft proposal for “algorithm recommendation management regulations” that would directly affect companies including ByteDance Ltd …
