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3 weeks ago | 
theglobeandmail.com | Ziyi Tang |Ryan Woo
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3 weeks ago | 
gurutrade.com | Ziyi Tang |Ryan Woo |Sumeet Chatterjee |Himani Sarkar
Banks raise consumer loan rates to at least 3%
Top lenders have warned of growing personal bad loans
Higher rates could deter China's consumption push, analysts warn
BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing's efforts to stimulate a sluggish economy.
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3 weeks ago | 
gurutrade.com | Ziyi Tang |Ryan Woo |Christopher Cushing |Jane Merriman
Bank shares jump on recapitalisation plans
Lenders expect increases to core tier-1 ratios
Capital injections leverage more credit to support the economy
BEIJING, March 31 (Reuters) - Shares in China's big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan to boost their core capital.
The recapitalisation aims to help the banks to increase capital buffers and manage asset quality strains.
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4 weeks ago | 
gurutrade.com | Ziyi Tang |Engen Tham |Jan Harvey |David Evans
CITIC Securities booked 21.7 bln yuan profit
Investment gains up 71.8% on year
Fees and commissions from investment banking business down 33.9%
BEIJING/SHANGHAI, March 26 (Reuters) - China's biggest brokerage CITIC Securities Co , reported a 10% rise in net profit in 2024, driven by growing investment gains as domestic stock markets rebounded.
Profit was 21.704 billion yuan ($2.99 billion) last year´╝îcompared to 19.721 billion yuan in 2023, the filing showed.
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4 weeks ago | 
gurutrade.com | Ziyi Tang |Jan Harvey |Mark Potter
BEIJING/SHANGHAI, March 26 (Reuters) - 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 said in the filing.
That was above a median estimate from 13 analysts of 221.47 billion yuan, according to data from LSEG.
The bank's net interest margin - a key gauge of profitability - was 1.40% at the end of last year versus 1.41% at the end of September.
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1 month ago | 
gurutrade.com | Ziyi Tang |Mark Potter |Chizu Nomiyama
NBV of life and health insurance up 28.8% on year
Number of new customers up 9.8%
Insurance funds investment yield up 2.2 pps on year
BEIJING/SHANGHAI, March 19 (Reuters) - Ping An Insurance (Group) Co of China Ltd reported a 47.8% rise in its net profit last year, driven by growth in its life and health insurance business as demand recovered.
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1 month ago | 
gurutrade.com | Ziyi Tang |Mark Potter
BEIJING, March 14 (Reuters) - Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, as the nation's big state lenders move to support the private economy.
The technology and innovation fund, expanded from the 30 billion yuan announced last year, aims to support technology and new emerging industries, the report said.
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1 month ago | 
businesslive.co.za | Ziyi Tang |Ryan Woo
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. The logo of Industrial and Commercial Bank of China is pictured at the entrance to its branch in Beijing, China.
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1 month ago | 
today.westlaw.com | Ziyi Tang |Muralikumar Anantharaman |Ryan Woo
BEIJING (Reuters) - China's financial regulator said on Wednesday it will launch a pilot program to relax merger and acquisition (M&A) loan issuance to technology firms, according to a statement released by the National Financial Regulatory...
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2 months ago | 
nature.com | Zhenyu Wan |Ziyi Tang |Miles J. Padgett
AbstractIn recent years, with the clarification of the mechanism of the rotational Doppler effect (RDE), there has attracted extensive attention to its development of applications, especially in the detection of the angular velocity of rotating objects. On the other hand, optical fiber technology is widely applied in laser velocimetry from beam delivery to scattered light collection, aiding the miniaturization of instruments.
