The Bank of Jiangsu saw rising profits in 2021 with a lower bad loan ratio, the bank said in an earnings estimate. Net profit attributable to shareholders for the bank jumped 30.72 percent year on…
Tagged By finance
Chinese policy bank lends 70 bln yuan to support innovation, research in 2021
China Development Bank (CDB), one of the country’s major policy banks, granted a total of 70 billion yuan (about 10.99 billion U.S. dollars) of special loans last year to facilitate scientific …
China inflation: easing consumer, factory-gate price pressure opens door for Beijing to support slowing economy
China’s improving consumer and factory-gate inflation outlook will leave more room for easing monetary policy in the coming months, with next week’s headline growth rate figures set to confirm the …
Q3 earnings, Covid 3rd Wave, China GDP among key factors to guide market this week
This week, earnings for the December quarter is likely to gain momentum with ample heavyweights lined up to announce their earnings. Covid-19 situation in the country and China’s GDP numbers, too, …
China’s Economy Loses Steam Just as Omicron Spreads: Eco Week
China’s economy, still hurting from a property market slump, is now bracing for a hit from partial shutdowns as authorities try once again to halt the spread of Covid-19. Gross domestic product data …
U.S. Vaccinations Stall; Beijing Reports Omicron: Virus Update
Beijing reported the city’s first case of the omicron variant just three weeks before the start of the Winter Olympics. The strain was also found in Shanghai. The head of the U.K.’s Labour Party …
China Experts Map Out Endgame for Xi’s Revamped Property Sector
China’s crackdown on its real estate sector shows few signs of stopping as officials seek to reduce the risk of a U.S.-style financial crisis.
China’s fan club crackdown a ‘turning point’ for multibillion-dollar industry prone to fraud, tax avoidance and doxxing
A sweeping crackdown on Chinese celebrity and fan culture, which the government accused of causing ‘chaos’, has drastically changed the country’s multibillion-dollar fan industry.
Alibaba, JD.com investors lead the shift to Hong Kong’s market from New York, as US-China financial decoupling gathers momentum
The development adds to the momentum of decoupling between the world’s two largest economies, reversing a trend that nurtured some of China’s most influential companies and enriched global banks and …
China should improve local government debt risk controls: Official
BEIJING: China should keep improving institutional systems to prevent and resolve local government debt risks, the country’s vice finance minister said on Saturday (Jan 15). Xu Hongcai told a forum in …
China cleanup of non-compliant WMP securities ‘basically complete’, official says
China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on …
China’s Finance Sector in 2021: Continuous Innovation on the Basis of Steady Development
China made efforts to further support continuous financial innovation on the basis of steady development. As Kevin Yuan and Lucca Li of FenXun Partners discuss this included taking steps to protect …
China’s home market shows sign of thawing as prices slowed their declines in December with easier loans and policy support
Prices of new homes in 70 cities dropped 0.28 per cent in December from November, a gentler decline compared with the 0.33 per cent monthly drop in November Easier loans bolstered property prices to a…
