China's central bank said on Monday it will make interbank repo rates by depository institutions (DR) a key reference for monetary policy adjustment and financial market price-setting. ( read original story ...)
UPDATE 1-China central bank says it will improve benchmark interest rate system
Improving China’s benchmark interest rate system would help build up financial markets, deepen market-based interest rate reforms and improve monetary policy management, the People’s Bank of China ... ( read original story ...)
Bank of Communications net profit down 14.6% in H1
Bank of Communications, one of China's largest commercial banks, posted a year-on-year net profit decline of 14.61 percent in the first half of 2020 (H1) as the COVID-19 epidemic resulted in more bad ... ( read original story ...)
Japan’s Daiwa gets green light for investment banking in China
Japanese brokerage house Daiwa Securities Group said on Monday that it has received the green light for its plan to launch a majority-owned joint venture in Beijing, a move that indicates Japanese ... ( read original story ...)
Week In Review: Antengene Approved By Hong Kong Exchange For $200 Million IPO
Antengene, a three-year old Shanghai startup originally backed by Celgene, will conduct a Hong Kong IPO that is expected to raise $200 million. ( read original story ...)
China’s top bank ICBC posts 11.4% fall in first-half profit, worst since 2006
Industrial and Commercial Bank of China (ICBC),, the world's largest commercial lender by assets, said its net profit fell 11.4% in the first half, the biggest drop in the January-June profit since ... ( read original story ...)
Bank of China first-half profit falls 11.5%, steepest H1 fall since market debut
BEIJING/SHANGHAI (Reuters) - Ltd (BoC), the country's fourth-biggest lender by assets, on Sunday posted an 11.5% fall in first-half net profit, the steepest drop for the January-June period since its ... ( read original story ...)