Bank of Communications reported on Wednesday a 3.1% rise in first-quarter net profit to 26.126 billion yuan ($3.82 billion), helped by a repricing of deposits.
FINANCE
Exclusive: China’s financial regulatory head Li Yunze demoted, sources say
China’s top financial regulator, Li Yunze, has been demoted due to what is being treated as a suspected disciplinary violation, according to sources familiar with the matter, in the latest instance …
China Blocks Meta’s $2B Manus AI Deal
China blocks Meta’s $2 billion Manus AI acquisition, signaling new tech protectionism that could delay AI features in WhatsApp and Meta platforms.
China Sells Half of Its U.S. Treasury Holdings Since 2013
China’s reported sale of $623 billion in U.S. Treasury bonds has drawn attention, raising questions about global financial stability and the future of the dollar. According to recent data, China has …
China strengthens position in Georgia’s financial system
With a single acquisition, China has established itself as a major player in Georgia’s financial system, gaining access to sensitive data concerning hundreds of thousands of Georgian citizens.
How China’s Financial Law Draft redraws bank resolution rules
Released for consultation in March 2026, China’s Financial Law Draft sets a unified framework for bank risk resolution, funding and accountability …
China’s central bank guides banks to step up lending in April: sources
Rare central bank credit push follows Middle East conflict fears and the country’s ongoing property debt crisis Read more at The Business Times.
Exclusive-China’s central bank guides banks to step up lending in April, sources say
April 28 (Reuters) – China’s central bank has instructed some commercial banks to expand loan issuance in April, said sources with knowledge of the matter, as authorities seek to prevent a sharp …
China’s central bank pushes banks to boost April lending
China’s central bank has instructed some commercial banks to increase loan issuance in April, according to sources familiar with the matter, as …
China outlook raised to stable by Moody’s even as debt piles up
Moody’s Ratings revised China’s credit outlook to stable from negative, an expression of confidence in the economy as the government copes with risks stemming from its swelling debt load.
China blocks Meta’s $US2 billion acquisition of AI startup Manus
The powerful state planner said in a one-line notice that it’s decided to prohibit foreign investment in the startup in accordance with laws and regulations, without elaborating. The ruling is likely …
China blocks AI start-up’s deal with Meta
China has blocked the takeover of the AI start-up Manus by the US tech giant Meta. China’s National Development and Reform Commission announced on Monday that the authority responsible for security …
China vetoes Meta’s $2B Manus deal after months-long probe
China has ordered Meta to unwind its multibillion-dollar Manus acquisition, dealing a potential setback to Zuckerberg’s push into AI agents.
