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 ...)
Another big beverage company from China is plotting U.S. expansion
The teahouse concept Chagee has more than 6,400 units in Asia and is now planning its first location in the U.S. following a planned initial ... ( read original story ...)
China Life Profit Jumps as Stock Rally Boosts Returns
China Life Insurance Co. said profit jumped 109% last year as a rally in the nation’s stock market bolstered investment returns and its premiums income expanded. ( read original story ...)
Chinese regulators open path to IPO revival in mainland market
Mainland Chinese IPOs plummeted in value by 80 per cent in 2024 to just under $9bn, according to Dealogic data. Only 96 companies went public during the year, down 60 per cent from 2023. ( read original story ...)