Q3 GAAP EPS of RMB0.19. Operating income of RMB151.22M More on Bank of China Bank of China: Sluggish Economy Creates Significant Uncertainty Bank of China Limited (BACHF) Q3 2023 …
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China reports current account surplus in first nine months
BEIJING – China’s current account surplus was $208.9 billion in the first nine months of the year, the State Administration of Foreign Exchange said Friday. Of the total, the surplus under trade in …
Beijing bans Communist party officials from private equity investing
Beijing has told Communist party cadres to stay away from private … The ban comes as Xi shakes up the finance industry. State-owned banks have cut salaries and perks for staff this year while the…
China central bank: will ensure reasonable and sufficient liquidity
China’s central bank will use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, it said on Friday. The People’s Bank of China (PBOC) will also maintain reasonable …
Xinhua Silk Road: Annual Conference of Financial Street Forum 2023 to be held during Nov. 8-10 in Beijing
BEIJING, Nov. 3, 2023 /PRNewswire/ — The Annual Conference of Financial Street Forum 2023 will kick off on November 8 in Beijing, with the focus on strengthening financial openness and cooperation as …
China’s property slump pushes financial regulator to roll out loan rule ‘trick’ to help grease the economy
China had 38.5 trillion yuan (US$5 trillion … the losses across different stakeholders and across time,” said Chen Zhiwu, chair professor of finance at the University of Hong Kong. “At the moment, …
See why Beijing has banned images of public mourning of an ex-leader
CNN’s Ivan Watson reports. The Bank of Japan’s Early Warning for the U.S. Davante Adams on Raiders firing Josh McDaniels, Dave Ziegler: ‘It was time … for some sort of change’ Big Ten ADs reportedly…
Global Finance Chiefs to Face Tougher China Questions at Hong Kong Summit
The Global Financial Leaders Investment Summit, a flagship event hosted by the Hong Kong Monetary Authority, begins on Monday with participants including Goldman Sachs Chief Executive David Solomon, …
Has Beijing secured Hong Kong’s status as an international finance hub?
Worries over Hong Kong’s role have been more pronounced in recent years, as the special administrative zone has been caught in the middle of escalating tensions between Beijing and Washington. 01:50 …
China has to better protect culture for security
To overcome these barriers, China needs to do certain things. Culture is vital to national security too. That’s why China has to better protect Chinese culture. Therefore, the future of Chinese culture now largely depends…
China to Ease Compliance for Small Banks to Widen Micro Firms’ Access to Loans
(Yicai) Nov. 2 — China will relax its commercial banking rules to favor smaller banks, thereby making it easier for rural and micro businesses to borrow.
Experts welcome nation’s financial-opening pledge
The People’s Bank of China, the nation’s central bank, stressed at a meeting on Thursday the need to steadily advance financial market institutional opening-up, vowing to deepen reform and opening-up …
Strict financial control by Beijing spells more opportunities for Hong Kong
As crucial meeting makes it clear China’s regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West China’s central financial work conference …
