China’s factory activity contracted in March as the economy faced renewed downward pressures from stringent COVID-19 controls, an official survey showed on Thursday. The official manufacturing …
Tagged By finance
ASPI Note: Is China Trying to Establish a Military Base in the Pacific?
Last Thursday, a draft memorandum of understanding between the Pacific island nation of Solomon Islands and China was leaked online by opponents of the deal. The agreement, which has since been …
China’s Mega Banks Face New Obstacles After Comeback Year
China’s mega lenders, led by Industrial & Commercial Bank of China Ltd., delivered double-digit profit gains last year as business bounced back, but now face mounting challenges from the debt-plagued …
ESG Finds Growing Place at the China Investment Table
Chinese institutional investors are increasingly considering environmental, social and governance factors when choosing where to place their money By Nathan Xiao Corporate …
China’s biggest bank ICBC posts 10.7% rise in Q4 profit
Industrial and Commercial Bank of China (ICBC) , , the world’s largest-listed lender by assets, reported a 10.65% rise in fourth-quarter net profit on Wednesday.
China’s Mega Banks Deliver Profit Gains as Challenges Mount
Industrial & Commercial Bank of China Ltd. and Agricultural Bank of China Ltd. reported profit gains of more than 10% in 2021 in a recovery year following the outbreak of the pandemic, but now face…
Shanghai Covid: Traders sleep by their desks as China’s financial hub locks down
China’s banks and investment firms are calling on essential staff to live at the office this week to avoid any trading disruption during Shanghai’s massive Covid lockdown.
Bank of China shifts attention back to mainland for growth: S&P
Traction from its wealth management business will support profits. It’s back to the basics for Bank of China (BOC), one of China’s biggest lenders, as it is expected to pivot its focus back to its…
China stocks end higher on Ukraine peace talks, policy easing bets
China stocks closed higher on Wednesday, with the property sector leading gains, as traders found comfort in the progress made in Ukraine-Russia peace talks and awaited more stimulus measures …
China may see a ‘mini repeat’ of the 2008 global financial crisis, says former central bank adviser
Li Daokui, professor at Tsinghua University and former adviser to China’s central bank, says a major factor would be the country’s zero-Covid policy.
WRAPUP 1-China’s largest banks signal tough times ahead
Three of China’s largest banks have said that the country’s lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate industry. China …
China’s yuan firms to 9-day high, but yield gap pressure remains
China’s yuan strengthened to its firmest level against the dollar in more than a week on Wednesday after the central bank set its strongest daily fixing in seven days, and as hopes for Ukraine-Russia …
China Minsheng Bank’s 2021 Net Profit Rose Slightly
By Ben Otto China Minsheng Banking Corp.’s net profit rose slightly in 2021 as lower operating income was offset by a decline in credit impairments.
