Bank of China Ltd. reported a 2.6% increase in full-year profit as a drop in impairments helped offset pressure from falling interest rates.
Tagged By financials
Bank of China 2024 profit rises 2.6%
Bank of China (BoC) reported a 2.6% rise in net profit last year, according to a filing on Wednesday. Profit was 237.841 billion yuan ($32.74 billion) last year compared to 231.904 billion yuan in …
‘While others rent, China buys…’: Financial analyst warns Beijing’s real game isn’t what you think
This isn’t just an economy,” Joshi writes. “It’s a financial empire in the making.” He explains that while many still see China as an export-driven economy, its real strategy is far more calculated.
Analysts revisit Apple stock price targets as Cook courts Beijing
Apple CEO Tim Cook travels to China this week as sales in the world’s biggest smartphone market continue to slide.
China’s Stimulus Spurs Cautious Growth Upgrades at Global Banks as Trade Risks Loom
A number of global financial institutions have turned more upbeat on China’s economic outlook this year even amid concerns around tariffs, citing a stronger-than-expected recovery fueled by Beijing’s …
FirstFT: China releases employees of US firm after two years
Also in today’s newsletter, Indonesia rupiah falls to lowest level since Asian financial crisis, and US agrees Ukraine-Russia maritime ceasefire deal …
China courts foreign businesses at ‘Asia’s Davos’
China’s authorities are “doing all they can to help stabilize expectations” amid escalating economic uncertainty and lingering anxiety over previous crackdowns on private businesses and foreign firms, …
Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave
Copper just blew past record highs, dismissing recent recession fears as stimulus optimism in China and potential U.S. tariffs spark a rush into the red metal. Copper futures traded at the New York …
What investors need to know as China quietly ups support for its stock market and tech sector
At a quarterly meeting known internally as the country’s monetary-policy “weather vane,” central-bank officials signaled a more hands-on approach …
China Adviser Urges Boosting Consumption to 70% of GDP by 2035
China should raise consumption to a level close to those of developed countries in the next decade, a government adviser said, adding to calls to rebalance the world’s second-largest economy away from …
What investors need to know as China quietly ratchets up support for its stock market and tech sector
At a quarterly meeting known internally as the country’s monetary-policy “weather vane,” central-bank officials signaled a more hands-on approach …
China, eager to attract more foreign investment, courts global business leaders
Prime Minister Li Qiang seized the China Development Forum to urge representatives of large companies to “resist unilateralism and protectionism” in the face of Trump’s trade war. Desperate to attract …
China courts foreign businesses as economy slumps
In a speech to top executives from Apple, Qualcomm, Boeing, and other multinationals, Chinese Premier Li Qiang struck an upbeat tone amid the US tariff war.
