South Korea’s left-leaning press Hankyoreh also reported Kim had traveled to Beijing for meetings with Chinese President Xi Jinping on Monday afternoon before leaving for a “third location” on Tuesday. It did not cite specific…
Tagged By finance
Retail banking boosts China CITIC
Retail banking contributed about 34.17 billion yuan ($5.46 billion) to the net non-interest income of China CITIC Bank, the Beijing-based national joint-stock commercial lender announced on Tuesday. On the contrary, the volume of its interbank…
China’s premier pledges market opening in bid to avert U.S. trade war
The United States asked China in a letter last week to cut a tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Street…
U.S. seeks China trade moves on autos, financials, chips: source
WASHINGTON/BEIJING (Reuters) – Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid plans to…
China Vice Premier Liu tells regulators financial risk crackdown is their priority
China is among global economies viewed as most vulnerable to a banking crisis, according to the Bank for International Settlements. Beijing has maintained that debt risks are under control, and its commitment to deleveraging will…
Chinese banking majors deliver improved 2017 earnings
Three of mainland China’s five biggest banks have posted improved earnings for 2017, after a national regulatory crackdown on shadow banking drove more borrowers back to traditional lenders. Net annual profits at Industrial and Commercial…
Beijing 2022 receives boost after Bank of China provides huge cash sum for country’s winter sports
The Bank of China, an official partner of Beijing 2022, has launched its Winter Olympics action plan today by providing CNY ¥30 billion (£3.4 billion/$4.8 billion/€3.9 billion) for Chinese winter sports from now through to…
China’s big banks escape profit doldrums
The Industrial and Commercial Bank of China (ICBC), the world’s biggest lender in terms of total assets, said full-year profit grew 2.8 percent to 286.05 billion yuan ($45 billion). Agricultural Bank of China (ABC) said…
Train’s arrival in Beijing raises speculation of Kim visit
BEIJING (AP) — Speculation about a visit to Beijing by North Korean leader Kim Jong Un or another high-level Pyongyang official was running high Tuesday amid talk of preparations for a meeting between the North’s…
The Latest: Convoy seen in Beijing arriving at train station
BEIJING (AP) — The Latest on a possible North Korean visit to China (all times local): 3 p.m. A vehicle convoy has been seen entering the Beijing train station under heavy security amid speculation of…
China names reformist Guo Shuqing central bank Communist Party chief, vice governor
BEIJING (Reuters) – Guo Shuqing, head of China’s new regulator for the banking and insurance sectors, has been appointed the Communist Party chief and deputy governor of the People’s Bank of China (PBOC), official publication…
BRIEF-China Development Bank Financial Leasing Posts FY Profit Attributable Of RMB2.13 Bln
* BOARD RECOMMENDED TO DISTRIBUTE A FINAL DIVIDEND OF RMB0.7585 PER 10 ORDINARY SHARES Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
Asiamoney China retail banking awards 2018
It can be hard to understand the sheer size of China’s banking system. At the end of January, Chinese commercial banks had Rmb248.9 trillion ($39.35 trillion) of assets. Four of the world’s five largest banks…
