Category: FINANCE

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 to 47.84 billion yuan (US$6.94 billion) from ... ( read original story ...)

"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 and may even pick up as the ... ( read original story ...)

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 ago. They can be seen in this ... ( read original story ...)

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, the country's main ... ( read original story ...)

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, reporting US$26.7 billion in profits ... ( read original story ...)

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 of President Xi Jinping's first meeting ... ( read original story ...)

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 raise cash more easily and extend its presence abroad. ( read original story ...)

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 purchasing managers' index released Friday climbed to 51.8 in March ... ( read original story ...)

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 control risky lending. ( read original story ...)

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, which claims most of the resource ... ( read original story ...)