Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in ...
Rating agency Fitch has downgraded China’s sovereign debt over concerns about weaker public finances and the impact of higher tariffs on exports, a move that prompted accusations of bias from Beijing.
The recapitalisation effort, aimed at strengthening the banks’ core tier-1 capital, follows a pledge from Chinese ...
Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, thanks to growth in trading gains and falling ...
BEIJING - The recently released 2024 annual reports of China's listed banks highlight the diverse dynamics of China's ...
Fresh trouble is brewing for China's banks. The state is injecting 520 billion yuan ($72 billion) of capital into four big ...
Shares in China's big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan ...
Yuan slumps to two-month low after Trump’s fresh tariffs deepen trade war worries. China’s muted response to steep US tariffs ...
The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of ...
Investing.com-- U.S. President Donald Trump’s latest round of trade tariffs are expected to elicit a greater policy response ...
China's yuan hit a seven-week low after the U.S. imposed aggressive tariffs. Major Chinese stock indices fell, and the yuan ...