CHINA BANKING Corp. booked higher net income in 2018 propelled by the sustained growth of its core businesses. In a regulatory filing Thursday, the Sy-led lender said it booked an P8.1-billion net pro… ( read…
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China Bank profit climbs in 2018
Stocks Decline on China PMI, Trump-Kim Summit News: Markets Wrap
(Bloomberg) — Asian stocks extended declines along with U.S. futures as investors fretted over the meaning of a sudden change in the schedule for the U.S.-North Korea summit, where leaders had previo… ( read original…
China’s ruling elite tell Xi they have ‘strengthened education’ of families
BEIJING (Reuters) – Members of the ruling elite of China’s governing Communist Party … the official Xinhua news agency said, offering a broad outline of the contents of their work reports. ( read original story…
China is facing employment challenges as its economy slows, official says
China’s economic slowdown is creating some difficulties for … As the country grapples with slowing growth, ensuring that people have jobs also has a financial imperative. “(Beijing’s) social policy … ( read original story …)
Starbucks’ China rival Luckin Coffee taps three banks for U.S. IPO: sources
HONG KONG (Reuters) – Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said peo……
HK regulator suspends former China brokerage exec for IPO sponsor guidelines breach
HONG KONG, Feb 27 (Reuters) – Hong Kong’s financial watchdog has suspended the licence of a former senior banker at China Merchants Securities (CMS) for breaching its code of conduct about initial … ( read…
Worries that China trade talks are stalling weigh on stocks
Comments from a key U.S. trade negotiator stoked doubts overnight over how much progress was being made on resolving the trade war between the U.S. and China. There was more discouraging economic news … (…
China Unicom & Huawei: 5G Injects Vigor into the New Media Industry
At MWC 2019, China Unicom and Huawei held a joint communication conference on new media innovation outcomes where the latest achievements and development trends of 5G new media were discussed. Through… ( read original story…
Qatar, China, Japan sought ‘extras’ after Barclays 2008 fundraising: court
Cross-examined by William Boyce, a lawyer for Boath, Leighton agreed that Japan’s Sumitomo and China Development Bank sought Memoranda of Understanding to deepen relationships with Barclays … ( read original story …)
Ex-China Development Bank Official Punished for Integrity Lapses
A former China Development Bank (CDB) senior executive has been expelled from China’s Communist Party after an investigation found him guilty of “disciplinary issues,” the party’s graft buster said Th… ( read original story …)
RBC Told Bankers Avoid China Travel Amid Huawei Saga
Royal Bank of Canada recently told employees to avoid travel to China, people with knowledge of the matter said, amid a diplomatic feud over the arrest of Huawei Technologies Co.’s chief financial off… ( read…
China Yield Curve Steepens. Good Sign for Growth? Not Quite
Long-term yields have also retreated in recent months, but not by as much — reflecting some expectation that China will resume its focus on reining in financial leverage, according to Alex Wong at Am… (…
China February factory activity shrinks to three-year low, export orders worst in a decade
BEIJING (Reuters) – Factory activity in China contracted to a three-year low in February as export orders fell at the fastest pace since the global financial crisis, highlighting deepening cracks in a… ( read original…
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