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China banks won't blame staff if developer loans go bad

China banks won't blame staff if developer loans go bad
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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Former head of China Everbright Group charged with embezzlement, accepting bribes

Former head of China Everbright Group charged with embezzlement, accepting bribes
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

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Multiple indicators signal upward trend in Chinese economy

Multiple indicators signal upward trend in Chinese economy
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China property issues hit Everbright Bank

China’s Everbright Bank missed profit estimates due to investment losses and an increase in cash set aside for souring property loans, sending shares of the regional lender almost 13% lower in Hong Kong on Thursday, reports the Financial Times. Everbright, an important midsized bank in China, reported a 9% decline in annual net profit to RMB 40.8 billion…

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Optics | China Economic Review

The top news of the week was Mr. Xi’s meeting with a slew of American businessmen, including Apple’s Tim Cook. From the reports, it appears the conversation was largely a reiteration of the basic talking points—reforms are continuing, the island is a red line, nuclear weapons should never be used, investors are welcome. But while…

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China Everbright Bank Shares Fall on Earnings Miss

By Amanda Lee China Everbright Bank's shares fell sharply after annual profit came in well short of expectations, with the lender's bottomline hurt by weaker net interest income and a surge in...

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China's central bank conducts net fund injections via MLF loans for 15th straight month

China's central bank conducts net fund injections via MLF loans for 15th straight month
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China's Financial Sector and Commitment to Real Economy

China's Financial Sector and Commitment to Real Economy
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Caixin services PMI reaches 52.7 in Jan, highlighting continuing strength in the sector

China's services sector continued to expand at a solid pace as the year began, with the Caixin services purchasing managers’ index (PMI), a private gauge of the country’s services sector, coming in at 52.7 in January, according to a private survey released on Monday.

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