Foreign Ministry spokesperson calls upon all parties concerned, Israel in particular, to ‘remain calm and exercise restraint’ – Anadolu Ajansı …
Tagged By banking
Chinese bank BoCom warns of developers’ bad debts as profit dips
China’s Bank of Communications Co Ltd (BoCom) reported a 5.17% fall in second-quarter net profit on Wednesday, while warning of more bad debt from developers. Chinese banks have been facing a squeeze …
China ‘deeply’ concerned over escalation in occupied West Bank
Foreign Ministry spokesperson calls upon all parties concerned, Israel in particular, to ‘remain calm and exercise restraint’ – Anadolu Ajansı …
China’s new bubble has sent tremors through Beijing
The collapse of China’s property market nearly four years ago continues to reverberate within the country’s economy, forming a bubble that has led to some panicky responses from authorities.
China’s central bank buys government bonds, stirs intervention talk
China’s central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is preparing to intervene in …
China central bank will study new policy measures to boost economy, governor says
China’s central bank said it will stick with a supportive monetary policy stance and study new policy measures to support and consolidate the positive momentum of economic recovery, according to a …
Bank of China Plans First-Ever Interim Dividend as Profits Fall
Bank of China Ltd. announced its first interim dividend since listing in 2006 at a time when profit growth is faltering.
Market Cap of China’s Big Six Banks Tops Shenzhen’s ChiNext Board as Investors Seek Safe Haven
(Yicai) Aug. 29 — The market capitalization of China’s Big Six state-owned lenders has surpassed that of the Shenzhen Stock Exchange’s Nasdaq-style ChiNext Board, which boasts more than 1,300 firms, …
Local governments in China to ‘smash iron pots, sell the steel’ to stave off debt risk
Bishan district government in the Chongqing municipality will look to liquidate state-owned assets, such as buildings, land and large equipment.
Local governments in China to ‘smash iron pots, sell the steel’ to stave off debt risk
Bishan district government in the Chongqing municipality will look to liquidate state-owned assets, such as buildings, land and large equipment.
China’s Xi meets with U.S. national security advisor Sullivan
Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting that China hoped the U.S. would find “a right way” to get along.
Intl financial centers key to China’s financial system reform
[Photo by Liu Zizheng/chinadaily.com.cn] China needs to step up reform of its financial system by steering it toward more sound and orderly development, and accelerating the construction of …
Pernod Says US, China Sales Will Remain Soft This Quarter
Pernod Ricard SA, whose brands include Absolut Vodka and Martell Cognac, said sales will remain soft this quarter as destocking in the US and weak consumer spending in China curb demand.
