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China tries to plug funding black hole in green energy scheme
Regulator says it wants banks to offer loans to renewable energy developers to help make up for a government shortfall in subsidies to the sector.
UK calls for world to ‘get tough’ with China as part of global trade shake-up
Britain’s international trade secretary has called for the world to “get tough with China” as part of a shake-up of the global trading regime which she claims is “stuck in the 1990s”. Liz Truss will…
China Success Finance Announces 2020 Annual Results
HONG KONG, Mar 30, 2021 – (ACN Newswire) – China Success Finance Group Holdings Limited (“China Success Finance” or the “Company”, together with its subsidiaries the “Group”, stock code: 3623) is …
Exclusive-India blocks bank accounts of China’s ByteDance, company mounts challenge
NEW DELHI (Reuters) -Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its …
Setback for China’s ByteDance as India blocks bank accounts
According to the report, ByteDance has asked a court to quash the directive which it fears will hit its operations hard.Get latest Technology online at cnbctv18.com …
Agricultural Bank of China reports revenue, profit gains in 2020
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…
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 …
