The man, who goes by username 'Sunwear', wrote on Weibo that he withdrew about five million renminbi ($783,000 at the 2021 exchange rate) from the Bank of Shanghai branch after receiving the "worst ... ( read original story ...)
‘Petty’ millionaire withdrew entire savings and ordered bank to count the money after argument
The Chinese man - known only as 'Sunwear' - withdrew more than £500,000 from the bank after receiving what he deemed to be bad service ... ( read original story ...)
Top China bank ICBC posts flat Q3 profit
Industrial and Commercial Bank of China Ltd (ICBC), China's largest commercial lender by assets, on Friday said net profit grew 0.03 per cent year-on-year in the third quarter.Profit was 94.93 billion ... ( read original story ...)
Banking: the real China opportunity
Global banks spent years trying to make China’s vast market work for them, mostly in vain. Today, though, China’s manufacturers are investing in Europe and the US and turning to Western lenders for ... ( read original story ...)
Courier J&T Global Express could raise as much as US$520 million from Hong Kong IPO after offering oversubscribed
J&T Global Express, an Asian courier service group based in Shanghai, could raise as much as HK$4.1 billion (US$520 million) from its initial public offering after orders from investors exceeded the ... ( read original story ...)
S&P Global Ratings affirms Shanghai Rural Commercial Bank at “BBB” (Local Currency LT credit rating); outlook stable
S&P Global Ratings affirmed the 'BBB' Local Currency LT credit rating of Shanghai Rural Commercial Bank on October 24, 2023. ( read original story ...)
China’s Big Policy Moves Draw Cautious Investors Back to Beat-Down Stock Market
China's benchmark CSI300 Index staged a moderate rebound from 4-1/2-year lows this week, after state fund Central Huijin Investment started buying exchange-traded funds (ETFs) on Monday, adding substance to the central bank's pledge over the weekend to fend off financial risks. ( read original story ...)