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 …
Tagged By banking
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 …)
Puyi Inc. Announces Unaudited Financial Results for the First Half of the Fiscal Year 2021
PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced its unaudited financial results for the first … ( read original story …)
China is jeopardizing its Europe and Middle East influence with Iran, Russia, and Myanmar partnerships
China’s strengthening of ties with Iran, Myanmar, and Russia risks its relationships with important global powers. These partnerships undermine the credibility of China’s claim to prioritize global … ( read original story …)
Special Report: Money trail from Daphne murder probe stretches to China
A widening investigation into allegations of high-level corruption on the island of Malta, first levelled by murdered journalist Daphne Caruana Galizia, stretches to China and a $400 million … ( read original story …)
Nike and other Western brands are likely to remain under a microscope in China: Cowen
Rick Helfenbein, former chairman, president & CEO of the Apparel & Footwear Association (AAFA), tells Yahoo Finance that the latest situation in China might prove costly. “Nike’s China business … ( read original story …)
