Air China and China Southern Airlines on Friday narrowed losses in the second quarter after a hit from low Lunar New Year traffic, but domestic COVID-19 outbreaks and border closures are set to weigh …
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China’s Bank of Communications posts 15per cent rise in H1 profit
China’s Bank of Communications Co Ltd, the country’s sixth-largest lender by assets, reported on Friday a 15.1per cent increase in first-half net profit as the economy recovered from the COVID-19 …
China’s Bank of Communications Posts 15% Rise in H1 Profit
China’s Bank of Communications Co Ltd, the country’s sixth-largest lender by assets, reported on Friday a 15.1% increase in first-half net profit as the economy recovered from the COVID-19 pandemic.
China’s top bank ICBC posts 9.9per cent rise in H1 profit
SHANGHAI/BEIJING : Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, said its net profit rose 9.87per cent in the first half of 2021. ICBC’s profit for …
China Tech Rally Fizzles After Report on Tighter IPO Rules
Chinese technology shares dipped in the afternoon following a report by Dow Jones that China will propose new regulations to block companies with large amounts of sensitive consumer data from floating …
China sets rules on computer codes that guide consumers
The measures are part of a broader crackdown by Beijing on the tech sector and mega-apps including gaming, personal finance and ride-hailing.
China Huarong Set to Divulge Full Damage After Roiling Markets
China Huarong Asset Management Co. is set to reveal the full extent of its financial health after flagging record losses last year and clinching a government-orchestrated bailout to keep it from the …
China Plans Control of Tech Algorithms U.S. Can Only Dream Of
The Cyberspace Administration of China unveiled a 30-point draft proposal for “algorithm recommendation management regulations” that would directly affect companies including ByteDance Ltd …
Scanfil to initiate planning to double its Suzhou factory in China
Scanfil Suzhou aerial image Aerial photo of the Scanfil’s Suzhou factory in China. Expansion will be located on the right hand corner. Scanfil Suzhou expansion plan image Scanfil Suzhou expansion plan …
China cbank makes biggest weekly cash injection into banking system since Feb
China’s central bank increased its short-term fund injection this week by offering the most cash on a net basis in nearly seven months to meet higher cash demand towards the month-end.The People’s …
China’s Property Crackdown Stalks Credit Markets
China’s push to wean property developers from excessive borrowing is spilling over into loan losses at banks and pain in credit markets as cash-strapped builders fall into distress, raising the risk …
Kerry to Press China to Stop Financing Coal-Fired Energy Projects
Biden’s climate envoy is planning to push for a formal declaration during a trip to China next week, but Beijing doesn’t want to be seen as caving to Western pressure.
China’s central bank says will increase financial support for rural rejuvenation
The People’s Bank of China said on Thursday it will use monetary policy tools including re-discount and relending facilities and the reserve requirement ratio (RRR) to help financial institutions fund …
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