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Big News Network (UAE) 09/28/2020 05:41
This was primarily because the interest income from the PRC treasury bonds and local government bonds held by the Bank was exempted from enterprise income tax by the relevant tax laws.
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China News Service (China) 09/06/2020 04:14
While serving the domestic economy well, China's financial service industry will also constantly pursue a higher level of opening-up, the heads of China's major financial regulators said at China International Finance Annual Forum 2020 on Sunday.
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Business Times 09/03/2020 03:40
The license granted to Citibank (China) Co. allows Citi China to act as a custodian bank and hold securities on behalf of mutual and private funds in China.
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Financial Post (Canada) 09/04/2020 08:30
TORONTO, Sept. 04, 2020 (GLOBE NEWSWIRE) — CF Energy Corp. (TSX-V: CFY) ("CF Energy" or the "Company", together with its subsidiaries, the "Group"), a leading new energy service provider in the People’s Republic of China (the "PRC" or "China"), is pleased to announce that EDF Changfeng (Sanya) Energy Co., Ltd., a joint venture which is [...]
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People’s Bank of China governor Yi Gang has urged banks to support smaller companies through innovations in financial services and products to help nurse them through the "complex and severe" economic situation facing the country.Yi told a seminar in the eastern city of Hefei on Friday that banks should adapt financial services and products, increase investment in fintech research and technology and integrate on-site and online financial services, according to a statement posted on the central...
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PYMNTS.com 08/31/2020 12:58
While a Morgan Stanley earnings report revealed that mid-sized Chinese banks performed better than their larger competitors by as much as 27 percent in the second quarter, analysts at Jefferies Group LLC, the New York investment bank and financial services company, said Chinese banks are unlikely to issue dividends after setting aside cash for potential losses ...
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Hindu Business Line (India) 10/24/2020 03:32
Yi said such moves were needed to promote the opening of the country's financial services industry.
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beijingbulletin.com 10/24/2020 08:30
To fully guarantee financial service for poverty alleviation, the bank has allocated credit resources by issuing separate credit scales for poor areas and continuously increasing the issuance of various poverty alleviation loans, the bank said.
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Business Wire 10/21/2020 05:15
In the second phase, the bank deployed Red Hat OpenShift and Red Hat JBoss Enterprise Application Platform as the foundation of its hybrid cloud strategy and to modernize its legacy banking applications.
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Crowdfund Insider 08/31/2020 15:03
China Construction Bank (CCB), one of the nation’s largest financial institutions, has reportedly disabled its digital yuan wallet, which was available inside the banking group’s mobile app, after the service’s soft launch drew wide attention.
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Climateer Investing 08/10/2020 00:02
Employees at some of China’s big state-run banks have also already started to use the sovereign digital currency to make transfers and pay bills, the 21st Century Business Herald reported.
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