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 ...)
111, Inc. Announces Second Quarter 2022 Unaudited Financial Results
SHANGHAI, Aug. 25, 2022 /PRNewswire/ -- 111 ... today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Key Results Net revenues were RMB3.04 ... ( read original story ...)
Shanghai Commercial & Savings Bank adopts Temenos and IBM systems
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ... ( read original story ...)
Shanghai Commercial & Savings Bank Adopts Temenos Platform for Retail and Corporate Banking
Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM to replace its legacy core systems with Temenos open platform for composable banking. Part of ... ( read original story ...)
Business in 67 Shanghai-traded ETFs halted by Hong Kong typhoon delay
The Shanghai Stock Exchange said subscription and redemption in 67 exchange-traded funds (ETFs) would be halted on Thursday due to a trading suspension in Hong Kong triggered by a typhoon. The ... ( read original story ...)
China halts more than 20 IPOs sponsored by China Merchants Securities amid probe
Chinese bourses have halted processing more than 20 initial public offering (IPO) plans sponsored by China Merchants Securities , following an investigation into the broker, according to exchange ... ( read original story ...)
Shanghai’s skyline goes dark as Sichuan power woes spill over
SHANGHAI (Bloomberg): Shanghai’s iconic skyscrapers dimmed their exteriors Monday (Aug 22) as part of a two-day suspension, as the financial hub feels the spillover effects of an acute power shortage ... ( read original story ...)