Tuesday, May 18, 2021

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...

China’s Macro-leverage Ratio Further Slides in First Quarter of 2021 to 276.8%

China's macro-leverage ratio has continued to slide in the first quarter of 2021, following a sharp surge in 2020 as regulators sought...

China Accounts for over 80% of Global 5G Connections, over 70% of 5G Base Stations

China claims to be host to the overwhelming majority of the world's base stations and terminal connections when it comes to 5G...

Online Retail Sales in China for First Four Months of 2021 Surge over 27% to Exceed 3.7 Trillion Yuan

Chinese e-commerce has seen surging growth since the start of 2021, as consumer activity continues to recover from the economic impacts of...

China Construction Bank Underwrites China’s First Sustainability Linked Bond Issues

Big state-owned lender China Construction Bank (CCB) has become the first Chinese lender to underwrite debt instruments linked to sustainable development and...

Hong Kong to Expand Trials for Cross-border Payments Using Digital Renminbi

China plans to step up testing of cross-border Digital Renminbi payments in Hong Kong, following the success of initial trials conducted by...

BlackRock Grabs Approval from Chinese Regulators for Majority-owned Wealth Management Joint Venture

Investment giant BlackRock has cinched approval from Chinese regulators to establish a majority-owned wealth management joint venture (JV).

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5266 POSTS0 COMMENTS

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...