China’s banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been … ( read original story …)
FINANCE
China’s NPL Ratio to Rise Further in Second-Quarter but Not at a Fast Pace: Banking Regulator
China’s banking and insurance regulator said on Wednesday that the sector’s bad loan ratio is 2.04%, and estimated it will continue to rise in the second quarter but not at a fast pace. ( read…
Tokyo Mulls New Measures; China Bank Loans Go Bad: Virus Update
Tokyo’s governor said the world’s largest city is looking at new measures to encourage social distancing as the risk of a breakout in the coronavirus remains. China’s lenders reported a rise in bad … (…
China’s NPL ratio to rise further in Q2 but not at a fast pace – banking regulator
China’s banking and insurance regulator said on Wednesday that the sector’s bad loan ratio is 2.04%, and estimated it will continue to rise in the second quarter but not at a fast pace. BEIJING, April…
China Called Out in U.S. Warning Over Emerging Market Investing
When it comes to companies exposed to emerging markets — most notably China — investors should beware the lack of visibility into their books, U.S. Securities and Exchange Commission Chairman Jay … ( read original…
Why China is the biggest winner in oil price war
Emily McCormick joins Seana Smith to break down why China will benefit from U.S. oil prices dropping below zero. ( read original story …)
China ‘the biggest winner’ of coronavirus-inspired oil plunge
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward from a crisis it helped foment. ( read original story …)
Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials
China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test. ( read original story …)
Profits of China’s state-owned firms fall 59.7% year-on-year in first quarter: finance ministry
Profits of China’s state-owned firms plunged 59.7% in the first three months of 2020 from a year earlier to 329.16 billion yuan ($46.46 billion), the Finance Ministry said on Tuesday, as the … ( read…
KPMG China launches the third KPMG China Leading AutoTech 50 report
China’s automotive industry sees transformation opportunities, while balancing risks amid the pandemic HONG KONG, April 21, 2020 /PRNewswire/ — China’s automotive industry is entering a phase rapid … ( read original story …)
China’s central bank conducting tests of digital yuan payment system
China’s central bank is conducting tests of a digital yuan payment system in four cities across the country, it told Reuters on Tuesday. The People’s Bank of China (PBOC) responded to Reuters’ queries … (…
Ping An Bank Kicks Off China Lenders’ Earnings With Profit Beat
Ping An Bank Co., the lending arm of China’s largest insurer, kicked off the earnings season for Chinese banks with better-than-estimated profit growth after ramping up loans to corporates even as the … ( read…
China Q1 fiscal revenues down 14.3% yr/yr -finance ministry
China’s fiscal first quarter revenue fell 14.3 percent from a year earlier to 4.598 trillion yuan ($649.75 billion), the country’s finance ministry said on Monday, attributing the decline to the … ( read original story…
