BEIJING: China’s central bank injected 618.99 billion yuan ($89.93 billion) into the financial system via short- and medium-term liquidity tools in March, up nearly 50 percent from the previous month, even as financial markets feared…
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China central bank says economy stable but complexities 'cannot be underestimated'
SHANGHAI China’s economy remains “generally stable” but it is facing complexities that “cannot be underestimated”, the country’s central bank said in a statement on Saturday following a quarterly meeting of its monetary policy committee. The…
Bank of China not optimistic about 2017 after profit drop
SHANGHAI/BEIJING, March 31 (Reuters) – Bank of China Ltd (BoC) , the country’s fourth-largest lender by assets, reported a fall in full-year profit for the first time in more than a decade on Friday, the…
UPDATE 1-Bank of China's annual profit falls for first time in decade
SHANGHAI/BEIJING, March 31 Bank of China Ltd (BoC) , the country’s fourth-largest lender by assets, on Friday reported a fall in full-year profit for the first time in over a decade, the only one of…
Banking on a good relationship
The Industrial and Commercial Bank of China (ICBC) is the largest bank in the world by total assets and market capitalisation. It was the first Chinese bank to gain a New Zealand banking registration in…
China bank regulator inspecting off-balance sheet risks at city banks – sources
SHANGHAI, March 30 China’s banking regulator is inspecting off-balance sheet risks at city commercial banks, two sources told Reuters on Thursday, as China steps up checks on banks in an effort to control risky lending.…
China central bank paper claims Beijing can make ‘impossible trinity’ possible
Chinese central bankers have done the economic “impossible”, finding a way to have a stable yuan, a free market and effective monetary policy. That is the assessment of two central bank researchers, who claimed in…
China Minsheng Banking : Minsheng Bank year net up 3.8% to Rmb47.84bn; div Rmb16.5cts
year-on-year to Rmb47,843 million. Net profit increased at a slower pace, primarily due to the combined effects of less net interest margin and higher provision. Basic and diluted earnings per share were Rmb1.31. Net interest…
China Minsheng Banking : 2016 Net Profit CNY47.84 Billion
HONG KONG–China Minsheng Banking Corp. Ltd. (1988.HK) late Thursday reported a 3.8% rise in its 2016 net profit amid steady operating income. The Chinese bank said net profit for the year ended Dec. 31 rose…
After 2016 squeeze, some top China banks set for stronger growth
“The trend is promising,” Yi Huiman, Chairman of Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest lender, said on Thursday, citing the impact of broad economic recovery. Pricing for loans is stabilising…
China’s Tectonic Shift in Bank Funding
Ghosts of financial crises past rarely revisit in exactly the same way. Still, stresses looming in China’s behemoth banking system eerily resemble the ones its U.S. counterpart suffered just ahead of its meltdown a decade…
China's big banks say bad-loan fears eased in 2016
Bad-loan concerns at China’s big banks eased in 2016 despite flat earnings growth, the companies said this week, but analysts warn asset-quality problems in the world’s second-largest economy could worsen next year. Bank of China,…
Shanghai Composite Index Slips as Central Bank Clamps Down on Liquidity
The company delisted from the NYSE last year as shareholders took the company private. Agricultural Bank of China – among Mainland China’s biggest lenders, saw a 1.8 percent profit increase year over year for 2016,…
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