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…
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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 …
China’s Bonds to Get Sixth-Biggest Weighting in FTSE Index
Chinese sovereign bonds will have the sixth-largest weighting in FTSE Russell’s flagship World Government Bond Index, though global investors have longer than initially estimated to grow their …
To build a ‘Digital China’, the country must first deal with its rampant black market for personal information
Striking a balance between stronger government control, protecting personal privacy and encouraging companies to leverage the full potential of data is the challenge facing China’s policymakers amid a …
China Biologic Reports Financial Results for the Fourth Quarter and Fiscal Year 2020
China Biologic Products Holdings, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated plasma-based biopharmaceutical company in China, today announced its financial … ( read original story …)
