BEIJING, March 30 (Xinhua) — Agricultural Bank of China, one of the country’s four big state-owned lenders, saw its revenue and net profit up year on year in 2020. The bank last year raked in…
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Bank of China, Agricultural Bank of China 2020 profits beat estimates thanks to fourth quarter rebound
Bank of China, Agricultural Bank of China beat analysts estimates with profit increases, thanks to a strong fourth-quarter rebound.
China semiconductor: Beijing to waive taxes on imported materials, parts until 2030 in a boost to self-reliance drive
In an update to an earlier tax incentive policy designed to turbocharge development of its local chip industry, China will waive import taxes for qualified semiconductor companies until 2030.
Bank of China net profit up 2.92 pct in 2020
The Bank of China (BOC), one of the country’s four big state-owned lenders, saw its net profit up 2.92 percent year on year in 2020. The bank last year raked in a total of 192.9…
BRICS bank approves €436m loan for Beijing Gas emergency reserves
NDB’s €436m loan to help Beijing Gas to implement the Tianjin Nangang liquefied natural gas Emergency Reserve Project in China.
China’s top airlines post wider fourth-quarter losses on asset impairments
China’s three biggest airlines on Tuesday reported weaker results for the final quarter of 2020 on asset impairments though some analysts still expect a rebound this year as domestic travel rises.
UPDATE 1-Bank of China, AgBank see Q4 profit jump as margins ease
while Agricultural Bank of China Ltd (AgBank) posted a 61% rise over the same period. During the first three quarters of 2020, Chinese lenders made hefty loan-loss provisions as Beijing urged the …
Bank of China, AgBank see Q4 profit jump as margins ease
Analysts predict a positive turn in NIM for big banks this year because of the central bank’s gradual return to a neutral monetary policy stance. For BoC, the most international of China’s large state …
China’s Tax and Fee Cuts Extended or Released After 2021 Two Sessions
China has extended a package of expired or to-be-expired preferential tax and fee policies as well as rolled out new structural tax and fee cut measures.
Bank of China Q4 profit jumps 70%, beats estimates
Bank of China, the country’s fourth-largest bank by assets, reported a 69.5% rise in the net profit for the fourth quarter of 2020.
Hong Kong polls delayed until December for Beijing-approved electoral reforms
The number of lawmakers appointed by a Beijing-controlled electoral committee would increase to 40. Thirty lawmakers would be nominated for special interests such as business, banking, and trade. Such …
China’s SWIFT joint venture ‘defensive move’ against US refuted by former bank executive
A theory that China’s latest joint venture with the SWIFT financial messaging service is a defensive move against the United States has been refuted by a former Chinese bank executive, who insists the …
China FTSE Bond Index Inclusion to Take Much Longer Than Planned
according to balance-of-payments data from Japan’s Ministry of Finance. A rolling 12-month sum of net buying reached 707.4 billion yen ($6.4 billion) in January. Story continues China’s loose …
