Banking shares extended gains, with China Construction Bank rising 0.8 per cent and Industrial and Commercial Bank of China 1 per cent higher. Insurance stocks also rose, with AIA jumping 3.4 per cent …
FINANCE
S. Korea, Japan, China agree to create new financing facility against regional crises
South Korea, China and Japan agreed Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing …
China wants ‘patient capital’ to fund its tech drive. Will slow and steady win the race?
In an official communique, China’s Politburo said ‘patient capital’ is expected to pitch in as the country moves towards a tech-driven growth model, showing a much-needed focus on the long term, …
StanChart Q1 profit beats estimates as income boost outweighs China woes
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher …
Hong Kong stocks rise led by gains in banking, insurance sectors with tailwind from China’s recent policy support moves
The Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 5.75 per cent, hours after the Fed kept interest rates steady HSBC, the city’s biggest bank, rose as much as 3.3 per cent…
Argentina’s foreign minister pledges unchanged ‘China-friendly’ policy during visit aimed at steadying strained ties
Diana Mondino’s delegation was the first official visit to China since the country’s Western-leaning government took office last year.
China sends message it wants foreign visitors to spend money, whether they pay in cash or through mobile payment apps
Going cashless in China as the locals do has proved tricky for overseas visitors with cards issued by foreign banks, and the central bank recently intervened In Japan, a town with a Lawson convenience …
China’s Sea Dragon: How new Fujian aircraft carrier could challenge the mighty US navy for ocean supremacy as Beijing’s gold-buying spree sparks fears of war
The Fujian’s launch to sea comes as experts sounded the alarm over Beijing’s efforts to buy up gold at record … in Europe and the US – a huge financial blow as the Kremlin seeks…
China’s Sorry Economy Exhibits Little Demand For Credit.
Lending and borrowing in China are sliding along a downward path — another reflection of the economy’s fundamental problems.
Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
BEIJING, May 1 (Xinhua) — Agricultural Bank of China (ABC), one of the country’s largest commercial lenders, saw its total loans reach 23.9 trillion yuan (about 3.36 trillion U.S. dollars) by the end …
How China’s new Fujian aircraft carrier could challenge the mighty US navy for ocean supremacy as Beijing’s gold-buying spree sparks fears of war
The Fujian’s launch to sea comes as experts sounded the alarm over Beijing’s efforts to buy up gold at record … in Europe and the US – a huge financial blow as the Kremlin seeks…
Auto China 2024: CATL, Beijing Hyundai sign EV battery agreement
Chinese battery maker CATL and Beijing Hyundai have signed a strategic partnership agreement at Auto China 2024. They will cooperate on Beijing Hyundai’s EV projects, with future electric models to be …
China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives. China Banking sector has remained stable, with a focus on optimising credit structures and enhancing customer-centric products …
