* EXPECTED RESULT DUE TO GROWTH IN BUSINESS OPERATION AND FAIR VALUE GAIN ON INVESTMENTS Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
Tagged By finance
China hits U.S. goods with tariffs as ‘sparks’ of trade war fly
The tariffs, which take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of possible tariffs on up to $3 billion in U.S. goods published by China on…
Washington, Beijing flexing muscles in trade dispute
Beijing on Monday imposed tariffs on 128 American goods, retaliating for President Donald Trump’s decision last month to slap import duties of 25 percent on steel and 10 percent on aluminum. Washington was primarily targeting…
Pressure on China’s banks to report bad debt is good news for foreign investors
China’s second NPL cycle kicked off in 2015 but sales to … through such measures as repurchase agreements and sales to related parties at par. The banking regulator knows what is going on, and in…
China raises tariffs on US pork, fruit in trade dispute
BEIJING (AP) — China raised import duties on a $3 billion list of U.S. pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global…
China’s biggest banks set for a boost in valuations
Nomura and Huatai Securities are among those that raised target prices last week after Industrial & Commercial Bank of China and its two largest peers posted better-than-expected profits, which grew at the fastest pace in…
Beijing rolls out the red carpet to woo ‘unicorns’ to list in Shenzhen or Shanghai
The term “unicorn” – referring to start-ups worth at least US$1 billion – is becoming the hottest buzzword in China’s business sector after Beijing used the term in context of young companies with superior technology.…
China’s leaders sign off on new rules to crack down on ‘shadow banking’
A massive clean-up is likely to take place in China’s 100 trillion yuan (US$15 trillion) asset management industry after new regulations targeting “shadow banking” were approved. The official endorsement by Xi Jinping is the first…
Zhongguancun Bank, MOLBASE join hands on financing services
Beijing Zhongguancun Bank Co Ltd and MOLBASE (Shanghai) Biotech Company reached strategic cooperation agreement in Beijing on March 28 to provide financial services to small and medium-sized companies. The cooperation will provide micro, small and…
China outlines key targets of 2018 financial work
China’s newly merged banking and insurance regulator has outlined major tasks for financial work in 2018, making preventing and dissolving risks a top priority as the country’s new economic team promised better coordination in this…
Bank of China back in black, CCB profit also picks up
Bank of China swung back into the black last year while China Construction Bank also joined the country’s state-owned lenders in posting a profit pick-up on the back of an accelerating domestic economy. Bank of…
Is a UK model ‘with Chinese characteristics’ the answer for financial regulation?
China could adopt a UK-style financial regulatory system “with Chinese characteristics” to fix its loopholes, a group of researchers advised Beijing. The idea, raised by academics from Tsinghua University and the London School of Economics…
China singer denied bank account because he’s blind
A Chinese folk singer has received an apology from a bank after he was denied an account because of his disability. Zhou Yunpeng is blind, and was told he was not allowed a bank account…
