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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].
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1 week ago | 
caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na
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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.
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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.
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1 month ago | 
caixinglobal.com | Zhang Yuzhe |Zhu Liangtao
Explore the story in 3 minutes[para. 1][para. 2] Tech giants like Ant Group, JD.com, and Tencent Holdings, along with automakers such as BYD Co. Ltd., have entered the crucial yet low-profile realm of supply chain finance (SCF) in China. This sector, vital for maintaining business cash flow and reducing financing costs, was traditionally dominated by banks.
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1 month ago | 
caixinglobal.com | Zhang Yuzhe |Zhu Liangtao
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Tech behemoths Ant Group Co. Ltd., JD.com Inc. and Tencent Holdings Ltd., as well as automakers like BYD Co. Ltd. (002594.SZ), have muscled in on the low-profile but critical world of supply chain finance (SCF), the system of company IOUs that keeps the wheels of business turning.
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1 month ago | 
caixinglobal.com | Zhu Liangtao |Caixin Weekly |Zhang Yuzhe
近期，头部汽车企业的供应链应付账款引发外界关注。以新能源车企龙头比亚迪（002594.SZ）为例，财报显示的应付账款规模从2019年底的225.2亿元，快速攀升至2024年三季度末的2375.19亿元，涨幅近10倍，同期的营业收入涨幅则为近3倍。
Recently, the accounts payable of supply chains for leading automobile companies have attracted outside attention.
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Jan 17, 2025 | 
caixinglobal.com | Zhu Liangtao |Fan Qianchan |Wu Xiaomeng
Explore the story in 3 minutesIn 2024, China's bank stocks surged as investors were attracted by the high dividends and low valuations in contrast to the broader sluggish economy and credit concerns. The banking sector showed remarkable growth, defying its previous status as a lackluster performer due to investors' focus on dividends, which are akin to corporate bonds given their low volatility and stable payouts [para. 1][para. 3][para. 4].
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Jan 17, 2025 | 
caixinglobal.com | Zhu Liangtao |Fan Qianchan |Wu Xiaomeng
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Investors in China’s mainland stock market made a beeline for bank stocks last year, making the sector the market’s top performer despite the country’s sluggish economy, a slowdown in loan growth, and concerns about a deterioration in asset quality.
The reason? Dividends. Banks doled out cash payments to shareholders like confetti.
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Oct 29, 2024 | 
caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Yukun Zhang
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Several former financial sector officials and executives who fell under corruption probes in recent years were fingered by Zhang Changgong, a fallen banker who named associates in an effort to reduce his potential punishment for corruption, sources with knowledge of the matter told Caixin.
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Sep 7, 2024 | 
caixinglobal.com | Zhu Liangtao |Fan Qianchan
“以量补价是懒路，以价补量是险路，只有量价平衡才是出路，不能以损害风险抵御能力来换取盈利数值的正增长。”中信银行（601998.SH/00998.HK）高管这样概括当下的经营之道。
"Increasing volume to make up for price is the easy way, increasing price to make up for volume is the risky way, only balancing both volume and price is the way out. One cannot sacrifice risk resistance capability for positive profit growth figures," summarized an executive from China CITIC Bank (601998.SH/00998.HK), describing the current business strategy.
