BEIJING – Most of China’s financial banking institutions are safe from risks as of the fourth quarter last year, according to the central bank. Most of the 4,399 banking financial institutions ranked …
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China Merchants Bank profit up 15% in Q1
A logo of BEIJING – China Merchants Bank, one of the largest lenders in China, posted net profit growth of 15.18 percent in the first three mont …
China Merchants Bank profit up 15 pct in Q1
China Merchants Bank, one of the largest lenders in China, posted net profit growth of 15.18 percent in the first three months of 2021. The bank raked in 32.02 billion yuan (about 4.93 billion U.S.
China EximBank ups loan support for small, micro-businesses
The Export-Import Bank of China China EximBank has increased loan support for small and micro-businesses with outstanding funds …
Beijing’s traffic accident handling goes online
Beijing has handled nearly 200,000 minor traffic accidents online, more than half of the total accident number on average of the same period in previous years. These accidents have been handled since …
China bank to review USD 6 bn loan for Pak railway project
The Chinese government has sent Pakistan first modern railways infrastructure project — Main Line-1 ML-1 — to the Exim Bank of China for approval of a US …
Wells Fargo Joins Drift of Finance Jobs Away From Hong Kong
This allegation copies language used by Beijing, which often alleges that … voices in Hong Kong are gradually being silenced. Its finance industry is being whittled away, too, as civic freedoms …
China’s c.bank finds fewer financial institutions in high risk by 2020
There were 442 Chinese financial institutions designated high risk as of end-2020, significantly down from 545 the previous year, the People’s Bank of China said on Friday. Adds details BEIJING, April …
China’s central bank fights Jack Ma’s Ant Group over control of data
China’s central bank is attempting to take control of Ant Group’s vast trove of consumer lending data, marking the latest front in Beijing’s crackdown on Jack Ma’s financial technology group. Beijing …
China seeks to lure investors into REITs to finance infrastructure
China’s government hopes to expand the infrastructure … The government clearly needs to raise money from a broad range of investors to finance infrastructure projects. Debt on the balance …
CICC makes green finance ‘top priority’ to help fund China’s carbon neutral pledge
Chinese investment bank China International Capital Corp (CICC) has made green finance a “top priority”, as Beijing steps up pressure on financial institutions to help fund its carbon neutrality …
China’s central bank fights to control data of Jack Ma’s Ant Group
China’s central bank is attempting to take control of Ant Group’s vast trove of consumer lending data, marking the latest front in Beijing’s crackdown on Jack Ma’s financial technology group. Beijing …
China Bourse Tipped To Extend Losing Streak
The China stock market has finished lower in three straight sessions, sinking almost a dozen points or 0.3 percent in that span. The Shanghai Composite Index now rests just above the 3,465-point …
