Record write-offs for bad loans and shrinking margins — caused by six consecutive interest rate cuts – led to flat profits and beaten down valuations last year for the likes of Industrial and Commercial Bank…
FINANCE
China bank loans surge in December
DOHA: Chief of Naval Staff Adm … BEIJING: Chinese bank lending grew far faster than expected in December, the central bank said Thursday, adding to concerns that a flood of credit is increasing financial risks…
Bank of China : Young, diverse, innovative and female
The fastest-growing Chinese-owned companies in the United Kingdom come in all shapes and sizes – although a look at the executives reveals that they do share some things in common. Boards are typically gender diverse,…
China's exports fall for second year as U.S. trade war fears mount
BEIJING (Reuters) – China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade…
China's exports return to decline, import growth eases
HONG KONG — China’s exports fell back into contraction again last month, signalling renewed weakness for the world’s second biggest economy. Customs data posted Friday showed that exports shrank 6.1 per cent to $209.4 billion…
China steel exports fall from record in relief for global steelmakers
MANILA (Reuters) – China’s steel exports fell in 2016 from a record in the previous year, dragged down by improved demand at home and Beijing’s resolve to tackle overcapacity, in a relief for steelmakers elsewhere…
China scores new victories in Africa as Taiwan handed diplomatic blow
It was a dramatic lesson in China’s growing financial muscle. As a Chinese official dangled the possible reward of $40-billion (U.S.) in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade…
CDB Aviation Lease Finance Appoints Peter Chang As New President & Chief Executive Officer
CDB Aviation Lease Finance (“CDBALF”), the aircraft leasing unit of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) (HKEX STOCK CODE:1606), announced today the appointment of Peter Chang as its new President & Chief…
China overtakes US in screens but cinemas sit empty
ZHUOLU TOWN, China (AP) — The brightly-decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films, to row after row of empty red seats. So few people come to…
China’s finance regulators walking a fine line after year of indecision over inflating bubbles
Top of the agenda for China’s financial regulator in 2017 is to deflate various economic bubbles without crushing them. The steepest yuan depreciation in more than two decades, runaway house prices, booming bad loans, and…
China's Vanke strengthens hand against takeover bid
Shares in China’s biggest property firm, Vanke, surged Friday after it announced a stock-holding shift that could end a bid by private conglomerate Baoneng to pull off the country’s first hostile blue-chip takeover. Vanke’s leadership…
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
China’s top leaders pledged last month to stem the growth of asset bubbles in 2017 and place greater importance on preventing financial risk, even as some global financial experts warned the nation’s debt load is…
Weightlifting: China faces one-year ban after trio stripped of Beijing golds
BERLIN (Reuters) – China faces a one-year ban from international weightlifting competitions after three of its athletes were stripped of their 2008 Olympic gold medals on Thursday following re-tests of samples from the Beijing Games.…
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