Tuesday, October 20, 2020
Tags Chinese bank profits

Tag: Chinese bank profits

Declining Profits of Chinese Bank Set to Continue in Second Half of 2020: Fitch Ratings

A new report from Fitch Ratings sees Chinese banks continue to post profit declines in the second half of 2020, after seeing...

Regional Lenders Drop Rates Below LPR Following Call for Chinese Banks to Sacrifice 1.5 Trillion Yuan in Profits

Chinese regional lenders are already cutting interest rates in response to calls from Beijing for the banking sector to sacrifice profits in...

Xinjiang Lender Slashes Dividend 20% Following Call for Chinese Banks to Curb Profits

A regional lender in Xinjiang province has just reduced its dividend payouts for 2019 by 20% following a call from the Chinese...

Profit Recovery Boosts Chinese Bank Valuations

Analysts have raised their price targets for China's biggest banks after they posted profit growth ahead of forecasts. The South China Morning Post reports that...

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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...