everbright bank: Live & Latest News Updates : Vimarsana.com
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…
Hong-kongChinaChineseChina-everbright-bankEverbright-bankThe 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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