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China PE investment surges in April
China witnessed a sharp increase of private equity (PE) investment in April, boosted by big deals in the medical and IT sectors.
China encourages insurance funds to invest in PPP projects
The central government will encourage insurance funds to invest in public-private-partnership (PPP) projects to boost the economy.
Benchmark mortgage rate for first home becomes mainstream in tier-1 cities
122 banks in 35 cities raised mortgage rates in April. It is expected that there will more cities to take similar measures.
Chinese insurers' premium income up 32.45 pct in Q1
Premiums received by Chinese insurers rose 32.45 percent in Q1, compared with Q1 last year, official data showed Wednesday.
China's Bank of Communications sees profits rise in Q1
Bank of Communications reported slightly higher net profits in the first quarter this year on the back of its business restructuring.
China Pacific Insurance says Q1 net profits down 9 pct
China Pacific Insurance, the country's third largest life insurer, said its first-quarter net profits declined 9 percent year on year to two bln yuan.
Agricultural Bank of China profits rise in Q1
Agricultural Bank of China said Friday that it raked in more net profits in the first quarter this year with its asset quality on the mend.
Chinese insurers to serve projects along B&R initiative
Chinese insurers should serve projects along the Belt and Road, the industry's top regulator said Thursday.
Cash withdrawals fall in China as mobile payments grow
Cash withdrawals using bank cards fell in volume for the first time in China, as the country enters a cashless society with mobile payments popularity
China lottery sales up 6.3 pct in March
China's lottery sales rose 6.3 percent year on year to 37.9 billion yuan (5.5 billion U.S. dollars) in March.
Macao bank grants 375 mln USD to support "Belt and Road" Initiative
BOCMacao has granted over 3bln patacas since 2016 to support firms in doing business in countries and regions along the "Belt and Road".
Rising brokerage earnings indicate Chinese stock market comeback
Chinese brokerage firms estimated rising profits in March, signaling active trading in the stock market.
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