HONG KONG — Bad loans in consumer-facing industries have crept upward at China’s biggest state-owned banks while a key gauge of profitability has fallen, posing a fresh challenge in managing loan …
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China’s state banks report more bad loans to hotels, restaurants and stores
China Vanke posts $1.1 billion H1 core loss, sees positive cash flow
China Vanke, a major state-backed property developer, on Friday reported its first core loss of 7.6 billion yuan ($1.07 billion) in the first half, but it said its cash flow returned to positive in …
Exclusive: Russia payment hurdles with China partners intensified in August
Bilateral trade between Russia and China grew by 1.6% to $137 billion in the first half of 2024, according to China’s official customs data, after hitting a record high $240 billion in 2023.
Netherlands to weigh ASML’s interests in China export restriction decision, PM says
The Dutch government will take the economic interests of ASML into account when deciding on further tightening the rules governing the export of ASML computer chip making equipment to China, Dutch …
China’s top airlines post losses amid slow international travel
China’s top three airlines – Air China, China Southern Airlines and China Eastern Airlines – last reported annual net profits in 2019 before the COVID-19 pandemic took hold. China Eastern, …
Buyout of China’s drug companies by global pharma giants sparks national security fears
John Cai, chairman of China Healthcare Innovation Platform Academy, a healthcare think tank in Shanghai, said: “When national conflicts occur and drugs are sanctioned as strategic products …
China Charges Ex-ICBC Banker Lee Zhang Over Alleged Bribery
Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China Ltd., has been prosecuted for alleged bribery, Caixin Global reported, citing China’s top prosecutor.
China c.bank will study new policy measures to boost economy, governor says
The bank will strengthen financial support to the real economy and step up counter-cyclical adjustments, Pan said
Here’s what Wall Street expects from Bank of Beijing (A)’s earnings report
Bank of Beijing (A) will be reporting earnings from the most recent quarter.Wall Street analysts are expecting earnings per share …
Duke Trio On Tour In China For Jordan Brand
W hen you get down to it, on one level businessman Michael Jordan is probably very happy to have Zion Williamson, Jayson Tatum and Paolo Banchero representing Jordan Brand. But sc …
China’s top banks post lower second quarter profit as property sector weighs
Four of China’s five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and…
Expiration of major US-China science treaty signals deep uncertainty amid high tensions
Landmark deal dating to 1979 is said to shield American researchers working in mainland but critics say Beijing is exploiting its terms.
China follows up crypto ban with an investigation into ‘Chinese CoinGecko’
Feixiaohao, a major crypto market data and industry news provider in China, is apparently being investigated by local police. This follows the crypto blanket ban in China.
