Sy family-led China Banking Corp. grew its net profit last year by 15 percent to P7.4 billion on the back of sustained growth in core lending and fee-based businesses. This translated to a return on…
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Beijing Court Jails Tech Executive 14 Years for $19.5M Crypto Laundering
Thailand and Cambodia reaffirm ceasefire after China-brokered meeting in Shanghai
The new coronavirus variant surging in China has arrived in the … – MSN
Ukraine imposes sanctions on Russia’s shadow fleet
Vietnam’s China ties strengthen amid Trump tariff uncertainty
‘All gone’: Beijing villagers left with nothing after deadly floods
Beijing to ‘exert strength’ to drive growth; China’s dynamic cities: SCMP daily highlights
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China Bank 2017 profit hit P7.4B, up 15%
China tops global poll for faith in AI technology creating jobs and improving lives
People in China are the world’s most optimistic when it comes to the impact of artificial intelligence on the jobs market and improving their lives, a global survey has found. Some 65 per cent of…
Exclusive: Chinese banks eye bid for Germany’s DVB Bank – sources
LONDON/FRANKFURT (Reuters) – Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the…
Chinese banks eye bid for Germany’s DVB Bank: sources
London/Frankfurt: Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say.…
China central bank skips open market operations for 12th consecutive working day
China’s central bank suspended open market operations for the 12th consecutive working day Friday to maintain stable liquidity in the banking system. Liquidity in the banking system was at a “relatively high level,” the People’s…
China’s central bank releases nearly 2 trillion yuan in temporary liquidity
China’s central bank said on Friday that it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The People’s Bank of China…
Ant Financial plans equity fundraising at potential US$100 billion valuation
China’s Ant Financial Services Group is planning to raise up to US$5 billion in fresh equity that could value the online payments giant at more than US$100 billion, people familiar with the move said. A…
Parametric Portfolio Associates Maintains Position in China Mobile Hong Kong …
Parametric Portfolio Associates Llc increased its stake in China Mobile Hong Kong Ltd Sponsored Adr (CHL) by 8.73% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc bought 41,511 shares…
Chinese oil drilling firm Cosl looks to technology to help transformation drive
China Oilfield Services Ltd (Cosl), the nation’s dominant offshore drilling services provider and sister firm of oil major CNOOC, aims to shed its image as an equipment-driven business to become more of a “technology-heavy” company,…
China’s Tencent to invest $474 million in Shanda Games
BEIJING/SHANGHAI (Reuters) – China’s Tencent Holdings Ltd will invest 3 billion yuan ($474 million) in smaller peer Shanda Games, the target firm said in a statement to Reuters on Friday, a move that will boost…
Technology-enabled Insurance. What Chinese InsurTech Startup CEOs have shared in the InsurStar event
It was founded in 2014 by entrepreneurs from Europe. It is currently located in Shanghai and provides services for customers in China and soon in Southeast Asia. “How technology has changed insurance?” – Roundtable discussion…
Exclusive: China’s Ant plans equity fundraising at potential $100 billion valuation – sources
HONG KONG (Reuters) – China’s Ant Financial Services Group is planning to … the Indian mobile payment and e-commerce website, and Thai financial technology firm Ascend Money. Last month, however, Ant suffered a setback when…
China says “no” to Bitcoin, “yes” to blockchain technology
China is determined to push out Bitcoin, the price of which has drastically halved since it once topped $20,000 a coin, but the country has always been a staunch supporter of blockchain, the underlying technology…
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