HONG KONG–China Minsheng Banking Corp. Ltd. (1988.HK) late Thursday reported a 3.8% rise in its 2016 net profit amid steady operating income. The Chinese bank said net profit for the year ended Dec. 31 rose…
FINANCE
After 2016 squeeze, some top China banks set for stronger growth
“The trend is promising,” Yi Huiman, Chairman of Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest lender, said on Thursday, citing the impact of broad economic recovery. Pricing for loans is stabilising…
China’s Tectonic Shift in Bank Funding
Ghosts of financial crises past rarely revisit in exactly the same way. Still, stresses looming in China’s behemoth banking system eerily resemble the ones its U.S. counterpart suffered just ahead of its meltdown a decade…
China's big banks say bad-loan fears eased in 2016
Bad-loan concerns at China’s big banks eased in 2016 despite flat earnings growth, the companies said this week, but analysts warn asset-quality problems in the world’s second-largest economy could worsen next year. Bank of China,…
Shanghai Composite Index Slips as Central Bank Clamps Down on Liquidity
The company delisted from the NYSE last year as shareholders took the company private. Agricultural Bank of China – among Mainland China’s biggest lenders, saw a 1.8 percent profit increase year over year for 2016,…
China says not devaluing yuan, urges U.S. cooperation as Xi prepares to meet Trump
BEIJING (Reuters) – China called on the United States to play its part in resolving trade frictions between the two countries, and said Beijing isn’t devaluing its currency to boost exports as tensions simmered ahead…
China Everbright eyes $1.5 billion financial deal in overseas push
HONG KONG The financial services arm of state-owned China Everbright Group plans to allocate $1.5 billion of its 2017 spending to the purchase of a fund manager, private bank or insurer overseas to help it…
China factory index rises to highest in almost 5 years
HONG KONG — China’s factory activity has ticked up again last month to its highest level in nearly five years, in a fresh sign the world’s No. 2 economy is picking up steam. The official…
China bank regulator checking off-balance sheet risks at city banks – sources
SHANGHAI, March 30 (Reuters) – China’s banking regulator is inspecting off-balance sheet risks at smaller regional banks, two sources told Reuters on Thursday, as China steps up checks on financial institutions in an effort to…
China says 'no such thing' as man-made islands in South China Sea
BEIJING (Reuters) – There was “no such thing” as man-made islands in the disputed South China Sea, China’s Defence Ministry said on Thursday, and reiterated that any building work was mainly for civilian purposes. China,…
China coal imports from North Korea surge in February
The value of China’s coal imports from North Korea surged nearly 40 percent in February, official data shows — the same month Beijing vowed to suspend the trade over Pyongyang’s nuclear and missile tests. China…
China’s increasing use of public environmental data
That treasure is now being rediscovered. China has been experimenting with the use of PAED in green finance for twenty years now. This process could be described as having four stages. The first was characterised…
Big deals push financial tech to the fore
Leading the deals was Ant Financial Services Group, the financial services affiliate of e-commerce giant Alibaba Group Holdings that operates China’s online-payments platform Alipay－which closed a $4.5 billion fundraising round in April. Ping An-backed ……
