BEIJING, Aug. 25 (Xinhua) — China’s central bank conducted 221 billion yuan (about 30.74 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to …
FINANCE
China Construction Bank says to keep a ‘proper level’ of profit margin
China Construction Bank Corp (CCB) will strive to keep a proper level of net interest margin, CCB President Zhang Jinliang at a post-earnings news conference on Thursday.The bank will continue to …
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.
China’s yuan is displacing other top global currencies in trade, but not the US dollar
“The higher share of CNY in trade invoicing doesn’t seem to be dethroning USD, but rather pushing out second tier developed market FX, such as GBP.” …
How China’s Economy Collapsing Would Impact the U.S.
After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the coming 10 to 25 years.
China’s banking institutions report growth in total assets
China’s banking financial institutions saw an increase in total assets, data from the National Financial Regulatory Administration showed. This was reported by …
China’s central bank conducts 61-bln-yuan reverse repos
BEIJING, Aug. 24 (Xinhua) — China’s central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to …
China debt: Beijing warned opportunity costs are rising as it seeks comprehensive solution to local government crisis
Beijing has recognised the urgency of its local-government debt crisis, saying last month that it was necessary to resolve it with ‘a comprehensive solution’ International Monetary Fund said that …
Former Chief of Bank of Beijing Out of Touch as Regulators Probe Dealings
Yan, 70, retired from the top position at Bank of Beijing more than six years ago. With 3.5 trillion yuan ($482 billion) in total assets as of the end of March, the Beijing-based bank is…
China Is Not In Financial Crisis
Could China’s Digital Yuan Challenge U.S. Dollar Dominance?
While the promise of CBDCs is real, the U.S. dollar is unlikely to be toppled from its position as the global reserve currency anytime soon.
China Clarifies How Businesses Should Account for Data Resources
What’s new: China’s Finance Ministry issued new rules applying business accounting standards to data resources as part of the country’s push to expand the digital economy, which accounts for 17% of …
China Construction Bank H1 Profit up 3.36%
BEIJING/SHANGHAI (Reuters) – China Construction Bank Corp (CCB), the first of the country’s Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on …
