BEIJING/SHANGHAI, April 29 (Reuters) – Bank of China, China’s fourth largest commercial bank, reported on Wednesday a 4.17% rise in first-quarter net profit. Net profit reached 56.631 billion yuan ($8 …
Featured Posts Title
Singer Van Ness Wu tackles first Hyrox in Beijing a day after race’s ‘poop-gate’ controversy
China’s top diplomat urges Iran, US to show restraint, revive talks
China defence minister urges nations to curb regressive historical trends
Digital tools enable 80% of Shenzhen grid inspection tasks to be conducted remotely
China’s defence chief warns against coercion, avoids US, Japan mention
China Defence Minister urges countries to check surge of regressive historical trends
As the world debates the risks of AI, China is catching up
Recent Posts
Bank of China posts 4.17% rise in Q1 profit
China’s Shenzhen Relaxes Home Buying Rules to Boost Demand
China’s tech hub of Shenzhen will ease home buying restrictions in the city’s prime districts and raise housing provident fund loan caps in the latest attempt by authorities to contain the nation’s …
China’s Shenzhen further eases homebuying curbs
BEIJING, April 29 (Reuters) – Shenzhen, one of China’s four first-tier cities, further relaxed restrictions for buying homes in the city in a bid to spur demand. • Eligible households will be able to …
Beijing clamps down on drones: Sales banned citywide from May 1
Beijing is banning the sale of all drones within city limits starting May 1. The Chinese capital’s city government passed ordinances in late March that ban drone sales and flights, although users have …
China’s largest lenders’ first-quarter profit up over 3%, sour loan ratios steady
Five of China’s largest lenders reported net profit growth over 3% in the first quarter of this year on Wednesday, as bad debt ratios remained steady.
China’s Iranian oil buying curbed by margins, traders say
By Chen Aizhu and Siyi Liu SINGAPORE, April 29 (Reuters) – China’s independent refiners, Tehran’s main oil customers, continue importing Iranian oil despite fresh U.S. pressure, although buying is …
China’s property prices crash to 2005 levels: Could India face a similar housing slump?
China’s property market faces a prolonged downturn, with prices hitting near two-decade lows, sparking fears of a similar correction in India. While concerns like a weakening rupee and job uncertainty …
China reportedly blocks Meta’s $2 billion AI startup deal over security concerns
China has reportedly blocked Meta’s $2 billion acquisition of AI startup Manus, citing national security concerns. The move reflects tighter regulatory scrutiny over technology transfers and is …
China’s Bank of Communications posts 3.1% profit rise in first quarter
Bank of Communications reported on Wednesday a 3.1% rise in first-quarter net profit to 26.126 billion yuan ($3.82 billion), helped by a repricing of deposits.
China orders Meta to unwind Manus AI acquisition
China ordered Meta to unwind its US$2 billion-plus acquisition of AI startup Manus under its foreign investment security review process.
Exclusive: China’s financial regulatory head Li Yunze demoted, sources say
China’s top financial regulator, Li Yunze, has been demoted due to what is being treated as a suspected disciplinary violation, according to sources familiar with the matter, in the latest instance …
Taiwan Tops Beijing’s Agenda for Trump-Xi Summit
Semiconductor powerhouse Taiwan sits at the heart of the military balance in the western Pacific, so even a nuanced change in U.S. wording could affect Beijing’s assessment …
Beijing court pledges stronger focus on small business labor disputes
A Beijing court has pledged to intensify its focus on cases involving small and micro enterprises, noting that nearly half of its labor disputes over the past four years have involved such businesses.
ADVERTISEMENT
