BEIJING, Aug 30 (Reuters) – China Construction Bank (601939.SS), country’s second-largest lender by assets, said its net interest margin will be narrower in the second half of 2021. The margin, a key …
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Bank of China H1 profit rises 12per cent, biggest first half jump since 2013
Bank of China Ltd (BoC), the country’s fourth-largest lender by assets, posted a 11.8per cent increase in first-half net profit on Monday, the biggest jump since 2013 as business activity recovered …
Industrial Bank records 23.08% rise in net profits for H1
Industrial Bank Co Ltd, one of the first batch of joint-stock commercial banks on the Chinese mainland, saw its net profits up 23.08 percent year-on-year in the first half of 2021. Its net profits …
Bank of China H1 profit rises 12%, biggest first half jump since 2013
Bank of China Ltd (BoC) (601988.SS), the country’s fourth-largest lender by assets, posted a 11.8% increase in first-half net profit on Monday, the biggest jump since 2013 as business activity …
China vows to scrub out illegally published financial content
China’s internet regulator has launched a campaign to scour financial information considered damaging to the economy from online platforms and social media accounts. In a statement Friday, the …
China’s central bank may further loosen monetary policy in second half of 2021, says Jefferies
Shujin Chen of Jefferies says China’s economic growth has been slowing down and she expects there will be marginal loosening in the second half of 2021.
China’s Central Bank Official Gives Stern Warning on Cryptocurrencies as They are Not Legal Tender and Have No Actual Value
The People’s Bank of China (PBoC) is the central bank of the People’s Republic of China. On August 27, 2021, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC …
China August factory activity seen growing at slightly slower pace: Reuters poll
Growth in China’s factory activity likely cooled further in August, a Reuters poll showed on Monday, as COVID-related restrictions and high raw material prices continued to pressure manufacturers and …
China Huarong flags new strategic investors after $16bn loss
Chinese state-owned asset manager China Huarong Asset Management sought on Monday to turn the page on a $16 billion annual loss, as its chairman said it was in talks with potential new strategic …
The week in review: China’s internet regulator joins tech crackdown
This round-up focuses on new stricter rules for the technology sector by the Cyberspace Administration of China …
Twenty-nine Fortune Global 500 banking institutions and enterprises to attend China’s services trade fair 2021 CIFTIS
A total of 143 Chinese and foreign financial institutions, including 29 leading banking institutions and renowned financial service providers on the Fortune Global 500 list, will participate in the …
China cracks down on illegal online financial information accounts to ensure market stability
China is intensifying a crackdown campaign on problematic online social media accounts that illegally publish financial information and engage in fraud and other illegal activities, as authorities in …
China’s Huarong posts $24.5 mln first-half profit after annual loss
Huarong is one of the four state distressed debt managers and counts China’s finance ministry as its biggest shareholder. It had warned investors of a massive $16 billion in annual losses on Aug. 18, …
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