Five of China’s largest state-owned banks have reported higher first-quarter net profits, helped by a rebound in the country’s economy from the coronavirus pandemic. But margins – a key indicator of …
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Apple, Tesla Earnings Reports Show An Increasing Reliance On China As A Market
Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) are both increasingly dependent on China for generating revenues, the latest respective company earnings indicate. What Happened: In the quarter …
China’s ICBC, world’s biggest bank, posts 1.5% Q1 net profit rise
Industrial and Commercial Bank of China Ltd (ICBC) 601398.SS, 1398.HK said net profit rose 1.5% in the first quarter as China’s recovery from the COVID-19 pandemic accelerated, stoking demand for …
China’s Bank of Communications Q1 profit up slightly, but margin shrinks
Bank sees profit margin shrink. Adds details of results. BEIJING/SHANGHAI, April 29 (Reuters) – China’s Bank of Communications Co L …
China’s Big Banks Post Profit Gains Below 3% Amid Curbs
Agricultural Bank of China Ltd. and Bank of Communications Co. posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy …
Bank of China posts 2.7% rise in Q1 profit as economy recovers
Bank of China Ltd (BoC) , the country’s fourth-largest bank by assets, posted on Thursday a 2.7% rise in first-quarter net profit as the economy recovers from the coronavirus pandemic.
ADB’s chief economist terms China regional leader in green finance
Yasuyuki Sawada, chief economist of the Asian Development Bank (ADB), said that China has been a regional leader in promoting green finance and has the largest green bond market in Asia. He hopes that …
China digital currency: Fed’s Powell says Beijing’s approach would not work in US
The Fed is collaborating with the Massachusetts Institute of Technology in a digital currency research, while China is already running pilot programmes to test out digital yuan.
China, EU lead ‘green revolution’ with finance standards
China and the European Union are jointly leading reform of global green finance by promoting a common scheme of classification, which has focused attention on the importance of investment in …
China Construction Bank posts 2.8% rise in first-quarter profit
China Construction Bank Ltd (CCB) posted a 2.8% increase in first-quarter profit as China’s recovery from the COVID-19 pandemic accelerated and stoked demand for credit in the world’s second-largest …
Doesn’t the Finance Minister see anything wrong with China taking over our market?
I have over the weekend read with angst an online comment attributed to the Finance Minister, Mr. Ken Ofori-Attah, concerning Ghana’s cocoa sector vis-a-vis China selling its first cocoa beans to …
China Construction Bank posts 2.8% rise in Q1 profit
China Construction Bank Ltd (CCB) 601939.SS, 0939.HK posted a 2.8% increase in first-quarter profit as China’s recovery from the COVID-19 pandemic accelerated and stoked demand for credit in the world …
Fitch Affirms Beijing Gas at ‘A’; Outlook Stable
Fitch Ratings has affirmed Beijing Gas Group Co., Ltd.’s (Beijing Gas) Long-Term Issuer Default Rating (IDR) and …
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