Monday, January 25, 2021
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Tag: Industry

Large-scale Enterprise Profit Growth Eases for Jan-July Period As Deleveraging Continues

Profit growth of China's large-scale enterprises for the January-July period edged lower compared to the first six months of the year, while levels of...

Large-scale Industrial Enterprises See 22% YoY Growth in H1 Profits

The latest official data points to a sizeable increase in total profits realised by China's large-scale industrial enterprises, with state-owned enterprises leading growth. Figures from...

Industrial Enterprise Profits Lift Over 22% for January – May Period

The total profits of national-scale industrial enterprises in China for the January to May period has risen over 22% compared to the same period...

Industrial Profits Return to Robust Growth

Chinese industrial profits saw robust growth for the first four months of 2017, with enterprise productivity indices also posting improvements. The latest data released by China's...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...