BEIJING/SHANGHAI (Reuters) -China's Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit. "Asset quality ... ( read original story ...)
Shanghai Commercial & Savings Bank partners Temenos, IBM to transform operations
Shanghai Commercial & Savings Bank (SCSB) has turned to banking tech firm Temenos and tech giant IBM to upgrade its legacy core systems. ( read original story ...)
Deutsche Bank appoints new China head of securities services
Based in Shanghai, Li will be responsible for supporting domestic clients in expanding their footprint globally, and international investors’ entry into China ... ( read original story ...)
China’s Bank of Communications’ H1 profit up 4.8%
China's Bank of Communications (BoCom) on Friday reported a 4.8 per cent rise in first-half net profit despite what it referred to as the unprecedented coronavirus pandemic.Profit rose to 44.04 ... ( read original story ...)
SMM Evening Comments (Aug 26): Shanghai Nonferrous Metals Closed Mixed amid Imminent Jackson Hole Speech
Shanghai nonferrous metals closed mixed as the investors stay keen to the imminent Jackson Hole speech to be delivered by Powell, who is expected to provide more clues on the pace and direction US ... ( read original story ...)
China’s Bank of Communications’ first-half profit up 4.8%
China's Bank of Communications on Friday reported a 4.8 per cent rise in first-half net profit as the economy recovered from the COVID-19 pandemic.Profit rose to 44.04 billion yuan ($6.42 billion) for ... ( read original story ...)
Shanghai Composite Index Fell 0.31% on Friday
China’s benchmark Shanghai Composite Index lost 0.31% on Friday, while the Shenzhen Component Index fell 0.37%. Shanghai’s tech-heavy STAR 50 Index lost 0.94% for the day, whi ... ( read original story ...)