Shanghai Pudong Development Bank is reporting latest earnings.Wall Street analysts are expecting earnings per share of CNY ... ( read original story ...)
Chinese bank BoCom warns of developers’ bad debts as profit dips
China's Bank of Communications Co Ltd (BoCom) reported a 5.17% fall in second-quarter net profit on Wednesday, while warning of more bad debt from developers. Chinese banks have been facing a squeeze ... ( read original story ...)
Shanghai show 2024: Global land-based Atlantic salmon production expected to double to 40,000t in 2025
Shanghai show 2024: Global land-based Atlantic salmon production expected to double to 40,000t in 2025 Undercurrent News is live-blogging from World Seafood Shanghai, Aug. 28-30 ... ( read original story ...)
China’s Nvidia wannabe, Tencent-backed AI chip start-up EnFlame, flags IPO intention
The Shanghai-based unicorn has begun the so-called tutoring process, compulsory for IPO applicants in China Tencent Holdings-backed Chinese artificial intelligence chip start-up Enflame has kicked off ... ( read original story ...)
Former senior legislator of Shanghai gets life sentence for graft
HEFEI-- Dong Yunhu, a former senior legislator of Shanghai, on Wednesday was sentenced to life imprisonment for receiving bribes. ( read original story ...)
Shanghai FTZ’s Lin-gang Special Area to create 150,000 jobs in next 3 years
SHANGHAI -- The Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone (FTZ) has vowed to create at least 150,000 new jobs over the next three years, mainly in the digital economy, high-end ... ( read original story ...)
Chinese banks buoyant amid market tumult as stock investors hunt for dividend yields
Led by ICBC, CCB, ABC and BOC, 42 mainland-listed banks have gained 19 per cent on average this year, trouncing a 4.2 per cent decline in the benchmark CSI 300 Index. ( read original story ...)