Treasury Secretary Scott Bessent said Sunday he plans to encourage leaders from Group of 20 (G20) countries to reexamine their trading relationships with China. “The world cannot have a China with a …
Tagged By financials
China detains small investors who spoke out about a major financial scam
Dozens of ordinary Chinese investors who lost their money after the collapse of a state-backed financial services group in eastern China’s Shandong province have been detained by authorities for …
Bank of Beijing Co Ltd stock (CNE000001N05): Why its local banking focus matters more now for global investors?
As China’s capital city bank, Bank of Beijing balances retail growth with corporate lending in a shifting economy—does this create overlooked value? For you in the United States and English-speaking …
China’s largest five banks report strongest first-half profit
BEIJING/HONG KONG: China’s five largest banks have reported profit growth of between 3percent and 5 percent in the first half, as falling deposit costs eased pressure on lending margins despite weak …
China’s finance ministry welcomes S&P credit rating
China’s Ministry of Finance has welcomed S&P Global Ratings’ decision to uphold China’s sovereign credit rating at A+ with a stable outlook, citing the assessment as a credible recognition of the …
Bank of China posts 5.1% rise in first-half profit
SHANGHAI, Aug 28 (Reuters) – Bank of China, China’s fourth-largest commercial bank, reported on Friday a 5.1% rise in first-half net profit. Net profit reached 123.594 billion yuan ($18.39 billion) in …
China’s ICBC, world’s biggest bank, posts 3.3% profit rise in first half
SHANGHAI, Aug 28 (Reuters) – Industrial and Commercial Bank of China, the world’s largest lender by assets, reported on Friday a 3.3% rise in first-half net profit. Net profit reached 173.682 billion …
China’s Major Banks Post Higher Profits as Margin Squeeze Eases
China’s biggest state-owned lenders reported higher first-half profits as stabilizing net interest margins offered respite after years of earnings pressure from property debt risks and sluggish credit …
China triples its e-CNY network in 2026 as 8 more banks join the CBDC push this week
The People’s Bank of China (PBOC) added 20 new operators this year across two rounds of expansions, including eight additions this week.
China pledges greater fiscal support in H2
The pledge came as China’s general public budget expenditure reached 16.29 trillion yuan ($2.4 trillion) in the first seven months, up 1.3% year-on-year, according to data from China’s Ministry of …
China should be loosening budgetary policy. It’s doing the opposite
China’s government is cautious about taking on additional fiscal obligations that will only grow as the population ages. To balance the economy, it will instead rely on a modernised tax system and the …
Asian Infrastructure Investment Bank Opens in Beijing
The new Asian Infrastructure Investment Bank, backed by China as a potential rival to the World Bank and other international lenders, opened Saturday in Beijing. The 57 member nations have contributed …
Bank of Beijing Stock: Quiet Chart, Loud Questions About China’s Financial Nerve Center
Bank of Beijing’s stock has barely moved in recent sessions, but beneath the flat price action lies a complex story of policy pressure, muted growth expectations, and cautious optimism. With limited …
