Fan Qianchan

1 week ago | caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na

Explore the story in 3 minutesChinese banks are increasingly optimistic about their international ventures, as their overseas operations show significant growth in profits compared to domestic struggles. The Industrial and Commercial Bank of China (ICBC) reported a 19% rise in pretax profits from its overseas institutions last year, reaching $4.4 billion as total assets expanded by 4% to over $430 billion [para. 2].

1 week ago | caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Chinese banks have reasons to be optimistic about venturing abroad. Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest commercial lender by assets, reported that the pretax profit for its overseas institutions rose 19% to $4.4 billion last year, according to Zhang Weiwu, a senior executive vice president.

2 weeks ago | caixinglobal.com | Fan Qianchan |Qing Na

U.S. President Donald Trump’s “reciprocal tariffs” policy is believed to undermine the international trade system and could potentially drive the U.S. into recession, as expressed by Mark Kruger, a veteran Canadian central bank official [para. 1]. Trump asserts that the policy aims to reduce the U.S. trade deficit, revitalize manufacturing, correct trade practices, and increase revenue, but Kruger argues that these goals are "internally inconsistent" [para. 2].

2 weeks ago | caixinglobal.com | Zhu Liangtao |Fan Qianchan

“商业银行现在钱是一块一块地挣，日常管理成本要一毛钱一毛钱地省。”兴业银行董事长吕家进在业绩会上这样形容当下的紧日子，并提出要以工作质效提升的“确定性”来应对外部环境的“不确定性”。 "Commercial banks are now earning money bit by bit, and daily management costs need to be saved dime by dime," described Lu Jiajin, Chairman of Industrial Bank, at a performance meeting, characterizing the current challenging times. He suggested facing the "uncertainty" of the external environment by improving the "certainty" of work quality and efficiency.

Jan 21, 2025 | caixinglobal.com | Fan Qianchan |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Around half of the Chinese mainland’s provincial-level governments have set 2025 GDP growth targets lower than last year’s, as domestic demand remains tepid and the international environment continues to be unstable. The goals were announced as local legislative meetings took place in January. Of the 31 provincial-level regions, 15 set targets lower than last year’s.