‘Positive signs of recovery’: China’s largest state-owned banks post earnings growth
The Agricultural Bank of China, China Construction Bank, Bank of China and Postal Savings Bank of China posted steady earnings growth despite government calls to slash rates and inject liquidity into the country’s slumping property sector.
BYD expects sales growth slowdown, banks on export surge for profits
BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.
BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.
HKMA to banks: be ‘sympathetic’ and offer relief to SMEs struggling with loans
Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.
Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.
Chinese conglomerate Fosun dumps noncore assets, deleverages to boost financial profile
Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses
Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses
Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy, markets
Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.
Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.