CHINA BANK Savings, Inc. (CBS), the thrift banking arm of listed China Banking Corp. (Chinabank), saw its net profit rise by 11.5% year on year to P631.2 million in the first quarter, supported by the…
Tagged By financials
China leaves lending benchmarks unchanged for 12th month in May
China left benchmark lending rates unchanged for the 12th consecutive month in May on Wednesday, in line with market expectations.
Morgan Stanley gives Hong Kong bankers restricted devices for China travel
Five people familiar with the matter told the FT the devices have “limited functionality”, with access only to “work emails and online meeting apps”.
G7 finance ministers urge action on economic imbalances, some point to China
France’s finance minister urged the International Monetary Fund and the World Bank to do more to help countries most vulnerable to the fallout from the Middle East conflict, as he hosted ministers …
China lags the US in financial power, expert argues
While China and the US are commonly cast as rivals on equal footing, Beijing remains fundamentally outmatched by Washington’s financial power.
US and China remain world’s two economic giants, built in different ways
Together, China and the United States shape global trade, supply chains, financial markets and consumer prices. But while the U.S. and China are economic superpowers, the way their economies function …
Milei guts China currency lifeline after Trump ultimatum on financial ties: reports
Central bank records show the swap balance fell to US$675 million as Washington pressed Buenos Aires to wind it down.
Beijing Teases Washington With Rare-Earths Concessions
What’s being “addressed” in this latest summit deal isn’t a single policy, but a multi-layered system of controls that China has built specifically to serve as diplomatic leverage.
China will remain an ‘incomplete superpower’ until it can catch up with US financial might, market veteran says
“For decades, it has kept its financial system more tightly sealed than any other major nation.” …
China will remain an ‘incomplete superpower’ until it can catch up with U.S. financial might, market veteran says
President Donald Trump’s summit with Chinese counterpart Xi Jinping ended last week without a major breakthrough, but still achieved Beijing’s goal of putting itself on equal footing with the U.S.
Citigroup nears final approval for wholly-owned China securities firm
Citigroup Inc. C has cleared the final regulatory steps to establish a wholly foreign-owned securities firm in mainland China, according to a Caixin Global report, which was published in MSN. The …
Beijing’s Silence Is Fueling the Hormuz Crisis
The Xi–Trump summit failed to deliver any concrete plan to stabilize the Iran crisis or reopen the Strait of Hormuz, exposing deep U.S.–China divisions over energy security and maritime stability.
Trump Clears Nvidia H200 Sales To Alibaba, Tencent And 8 Others, But Beijing Halts Deliveries
The U.S. government has authorized the sale of Nvidia Corp.’s powerful H200 AI chips to 10 Chinese tech giants, including Alibaba Group Holding Ltd. ADR and Tencent Holdings ADR, but Beijing’s …
