Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, according to a filing. Profit climbed to 237.84 billion yuan ($32.74 billion) from 231.90 billion yuan in 2023, the bank ... ( read original story ...)
China sticks to opening up despite growing global protectionism
Stability has become a defining trait of China amid geopolitical turbulence, providing a socio-economic environment that investors find reassuring. As global markets grapple with rising uncertainty, ... ( read original story ...)
What investors need to know as China quietly ratchets up support for its stock market and tech sector
At a quarterly meeting known internally as the country’s monetary-policy “weather vane,” central-bank officials signaled a more hands-on approach ... ( read original story ...)
Bank of China’s 2024 profit beat forecasts, while margin pressure persists
Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, thanks to growth in trading gains and falling impairment losses, though asset quality and margin pressures persist. ( read original story ...)
Standard Chartered pioneers ‘Global Chinese Services’ initiative
Meanwhile, to highlight the bank's role in China's modernization, Standard Chartered officially opened the "PIXEL HORIZONS 1858-2025:Standard Chartered Global Chinese CONTINUUM" at Shanghai's ... ( read original story ...)
Chinese Teahouse Franchisor Chagee Begins U.S. IPO Effort
Chagee Holdings Limited plans a $100M IPO to expand its teahouse network and products. Solid growth & cash flow, but with market risks. Click for more on CHA stock. ( read original story ...)
Chinese investors pour record funds into Hong Kong stocks in first quarter
Mainland Chinese investors poured into Hong Kong's stock market with a record buying spree in the first quarter, chasing an artificial intelligence frenzy and seeking portfolio diversification. ( read original story ...)