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Standard & Poor's raises ratings on Bank of China
Bank of China, one of the country's largest lenders, said Thursday that Standard and Poor's has raised its stand-alone credit profile from bbb+ to a-.
Fannie Mae announces Hugh Frater as new CEO
Fannie Mae, announced on Wednesday that it appointed Hugh R. Frater as its new Chief Executive Officer (CEO).
China Construction Bank 2018 profits up 5.11 pct
China Construction Bank said Wednesday its 2018 net profits climbed 5.11 percent to 254.66 billion yuan (37.9 billion U.S. dollars).
First JV gets go-ahead to develop pension insurance business in China
China has given permission to a Heng An Standard Life to establish a pension insurance company in the country.
First batch of virtual banking licences granted in Hong Kong
The first batch of virtual banking licences was granted to three financial organizations here on Wednesday by the Hong Kong Monetary Authority (HKMA).
Standard Chartered set to bank on China's continuous opening-up
Standard Chartered Bank is set to bank on the continuous opening-up of China, the largest contributor to the network income of the group in 2018.
Look for gray phinos not black swans in China's Financial Zoo
Aarge pile of local government debt, more bond market defaults and banks’ high level of exposure to the shaky real estate sector.
China's SPD Bank sees 2018 net profit up 3 pct
Shanghai Pudong Development Bank (SPD Bank) said its net profit for 2018 climbed 3.05 percent year on year to 55.91 billion yuan.
Bank of Changsha net profit up 14 pct in 2018
Bank of Changsha Co., Ltd., a Chinese city commercial bank, posted a 13.94 percent year-on-year growth in net profit last year.
China's PICC 2018 premium income rises
The People's Insurance Company Group of China (PICC) said Monday it posted 498.6 billion yuan (74.3 billion U.S. dollars) in premium income in 2018.
Chinese own nearly 7.6 billion bank cards
The PBOC said on the country's banking payment service that bank cards in use totaled 7.60 billion at the end of 2018, up 13.51 percent year on year.
U.S. SEC fines Merrill Lynch 8 million USD for improper handling of ADRs
Merrill Lynch agreed to pay more than 8 million U.S. dollars to settle charges over its mishandling of American Depositary Receipts, or ADRs.
World Insights: Int'l trade with China soars in 2022, decoupling theory crushed b...
Live COVID-19 updates: U.S. COVID-19 cases top 1 mln
Xinhua top 10 China news events in 2019
Feature: Tourism rejuvenates old Silk Road town
