valuations on China-consumer related industries and execution risks on deleveraging (more specifically financial deleveraging). “The bet on blue-chips was getting too concentrated, so a big correction was just a matter of time.” Worries over the…
Tagged By finance
China Bank net profit up 15%
CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses. In a disclosure to the local bourse on Friday, China Bank…
China Bank 2017 profit hit P7.4B, up 15%
Sy family-led China Banking Corp. grew its net profit last year by 15 percent to P7.4 billion on the back of sustained growth in core lending and fee-based businesses. This translated to a return on…
Exclusive: Chinese banks eye bid for Germany’s DVB Bank – sources
LONDON/FRANKFURT (Reuters) – Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the…
Chinese banks eye bid for Germany’s DVB Bank: sources
London/Frankfurt: Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say.…
China central bank skips open market operations for 12th consecutive working day
China’s central bank suspended open market operations for the 12th consecutive working day Friday to maintain stable liquidity in the banking system. Liquidity in the banking system was at a “relatively high level,” the People’s…
China’s central bank releases nearly 2 trillion yuan in temporary liquidity
China’s central bank said on Friday that it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The People’s Bank of China…
Ant Financial plans equity fundraising at potential US$100 billion valuation
China’s Ant Financial Services Group is planning to raise up to US$5 billion in fresh equity that could value the online payments giant at more than US$100 billion, people familiar with the move said. A…
China Hamburger Market Research Report 2018
China Hamburger Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography. The report provides information about the…
China Bank nets P7.4B
Sy family-led China Banking Corp. grew its net profit last year by 15 percent to P7.4 billion on the back of sustained growth in core lending and fee-based businesses. This translated to a return on…
From travel and retail to banking, China’s facial-recognition systems are becoming part of daily life
The future is already here – and there is no going back. Looking like the main characters Neo and Trinity from the dystopian science fiction film franchise The Matrix, police at a railway station in…
A New Era for China’s Central Bank
The next governor of the People’s Bank of China has a broader, more conceptual inbox than is typical of incoming central bankers. Zhou Xiaochuan has held the post since 2002 and has hinted that retirement…
The Chinese banking system: Much more than a domestic giant
One of the recent upgrades to the Bank for International Settlements’ (BIS) banking statistics is an enlargement in the set of reporting countries. With China recently joining the BIS Locational Banking Statistics, it is now…
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