Topic
TOPIC
Founded in 1954 as the People’s Construction Bank of China, China Construction Bank is one of the 'big four' banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.
- Hang Seng Index came within 1.2 per cent of 30,000-point level last seen in May 2019 as HK$301.6 billion worth of stocks changed hands in market’s busiest day ever
- Stocks extended their best start to a year since 1985 with an 8.9 per cent rally, recouping US$2.5 trillion of market value from March 2020 lows
The task of cleaning up dud loans has taken on added urgency as China’s financial system must brace for a record wave of bond defaults and slumping corporate earnings, as the coronavirus pandemic weigh on consumption and crimps economic growth.
The task of cleaning up dud loans has taken on added urgency as China’s financial system must brace for a record wave of bond defaults and slumping corporate earnings, as the coronavirus pandemic weigh on consumption and crimps economic growth.
Concerns about the rising coronavirus cases, prospects about the city’s economic recovery and growing budget deficit dented market sentiment.
Concerns about the rising coronavirus cases, prospects about the city’s economic recovery and growing budget deficit dented market sentiment.
China’s second-largest lender halted a US$3 billion digital bond programme on the verge of a financial breakthrough, getting cold feet amid scrutiny on fintech and financial risks.
China’s second-largest lender halted a US$3 billion digital bond programme on the verge of a financial breakthrough, getting cold feet amid scrutiny on fintech and financial risks.
China Construction Bank kicks off the country’s first blockchain-based certificate of deposits sale, issued in US dollars and tradeable with bitcoin.
China Construction Bank kicks off the country’s first blockchain-based certificate of deposits sale, issued in US dollars and tradeable with bitcoin.
Nowhere is the problem more serious than in Guangzhou, where 33,000 foreclosures were reported in a city whose economy shrank 2.7 per cent last year, more than the national average of 1.6 per cent.
Nowhere is the problem more serious than in Guangzhou, where 33,000 foreclosures were reported in a city whose economy shrank 2.7 per cent last year, more than the national average of 1.6 per cent.
Senior Chinese bank officials expect more bad loan provisioning to come, resulting in further pressure on net profit for the full year.
Senior Chinese bank officials expect more bad loan provisioning to come, resulting in further pressure on net profit for the full year.