The top five banks in China are likely to announce disappointing results in several areas of their operations, with an economic slowdown …
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Top China bank ICBC posts 1.4% H1 profit fall
Industrial and Commercial Bank of China Ltd (ICBC), (ICBC), the world’s largest lender by assets, reported on Friday a 1.4% drop in the first-half net profit.
China’s stock market outpaces global peers as local investors pile in
Stock markets in the US, Japan and Europe are trading at all-time highs as investors pile into equities, defying the warnings of many economists about the negative impact that US trade policy will …
A $23 Trillion Cash Pile Holds Key for Chinese Stocks’ Bull Run
The benchmark CSI 300 Index has been on a tear, rising 10% in August to be one of the world’s best-performing equity gauges amid a liquidity-driven surge. While hedge funds have been active in the…
Banking blackout — Beijing bans 2 Lithuanian lenders in … – MSN
China has taken strong action against two European Union banks, in a move that signals rising tensions between Beijing and Brussels. The measures were announced by China’s Ministry of Commerce …
Profitability pressure grows for China’s state banks amid low rates, poor loan demand
All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.
Don’t envy Nvidia CEO Jensen Huang—he’s hamstrung by Washington and Beijing
“Nvidia is squeezed between Washington and Beijing,” she says. “Washington has indicated, ‘Go forth and sell [Nividia’s] H20 chips,’ but Beijing seems to be pressuring domestic firms not to buy.” That …
China’s major lenders report weaker profit margins as rate cuts weigh
China’s major state-owned banks reported weaker first-half net interest margins amid lower interest rates as the world’s second largest economy grapples with deflation and global economic volatility.
China’s big banks warn of more margin pressure in the second half
China’s major state-owned banks have warned net interest margins will face increased pressure for the rest of the year as the world’s second-largest economy grapples with deflation and global economic …
Chinese banks face profit squeeze as loan growth falters
Top Chinese banks’ first-half results on Friday will underline the impact of slowing loan growth in a deflationary economy, a piling up of bad loans as defaults by small businesses and consumers rise, …
Chinese bank lending likely plunged in July as seasonal factors outweigh policy support
New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps monetary …
China’s ‘big five’ banks pressured by consumer woes
Deflationary pressures have been weighing on China’s economy, with real wages at non-state-owned companies rising just 1.7 per cent in 2024, according to the latest official data available. A real …
China, Hong Kong stocks set for capital rush with 6 Fed rate cuts incoming: Lombard Odier
Funds worth US$7 trillion will shift into equities and bonds, with Thailand, Singapore and Hong Kong benefiting, Swiss private bank says.
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