A2 Milk and Bellamy’s generated $NZ38 million and $A62 million respectively in direct China sales in 2016 financial year, and Citi estimates that will rise to $NZ222 million and $$371 million respectively by 2019 financial…
Tagged By financials
Global trade has made peace important to China, academic argues
WHILE things continue to heat up in the South China Sea, one academic has highlighted exactly what China has to lose from annoying its neighbours. Dr Xiang Bing, the founding dean of the Cheung Kong…
China-based Property Developer Zall Group Becomes Controlling Shareholder of Leading Chinese Agricultural E-commerce Platform
US13 billion). As the pioneer of vertical ecommerce in China, SinoAgri E-Commerce has formed a diverse income structure including transactions, trading, finance, storage and logistics, which has been consistently profitable and is now demonstrating rapid…
France, China to set up joint investment fund for overseas projects
CHINA TO OPEN MARKET FURTHER Business groups and Western officials have pointed out that restrictions on foreign companies in Chinese industries, such as financial services, healthcare and logistics, are often far greater than what Chinese…
Chinese Banks’ ‘Scramble’ for Profit Sees Bad-Loan Buffers Slide
Two of China’s biggest banks, Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and Construction Bank…
China Banks Test Regulator’s Tolerance by Cutting Crisis Buffers
Two of China’s biggest banks, Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and Construction Bank…
China Construction Bank’s Bad-Loan Buffer Slips Below Minimum
China Construction Bank Corp. ground out a 1.3 percent gain in quarterly profit — by letting its bad-loan buffer fall below a regulatory minimum. The lender’s loan-loss coverage ratio was 148.8 percent, less than the…
China’s industrial bank willing to provide finances for industrial projects along CPEC
Industrial and Commercial Bank of China (ICBC) has shown its willingness to support Pakistan in boosting its industrial growth, under the China-Pakistan Economic corridor’s package. The Bank’s officials said here on Thursday that the Bank…
China regulator tells banks to boost property loans risk management
BEIJING China’s banking regulator has asked lenders to step up risk management of property loans amid record gains in house prices that have raised concerns of price bubbles and ballooning debts. Controlling real estate business…
China’s big 5 banks lost 274 billion yuan in bad debt write-offs in first nine months
Led by the Agricultural Bank of China, which set the industry record for worst NPL ratio of 2.39 per cent, the average NPL ratio at the national “big five” has climbed back to 1.72 per…
China’s central bank raises obscure rate to send clear message
An obscure interest rate reached between China’s central bank and lenders in a treasury fund auction has jumped, causing jitters in the onshore bond market on Monday and delivering a message that the People’s Bank…
China testing scheme to gauge shadow banking risk – newspaper
SHANGHAI China is still testing a scheme to include off-balance sheet financing in assessing the health of commercial banks before rolling it out more widely, an influential newspaper quoted the central bank’s top economist as…
China central bank learns lessons as deflates money market risk
SHANGHAI Three years ago, China’s central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was…
