SHANGHAI/HONG KONG State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.
BEIJING China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States.
* CIC unit to step up rescue efforts at high-risk
(Adds executive quotes, background)
BEIJING/SHANGHAI As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.
BEIJING/SHANGHAI Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy.
SHANGHAI/BEIJING When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new zones in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighboring countries.
SHANGHAI/BEIJING, Sept 2 When China launched the
expansion of the Shanghai free trade zone (FTZ) recently and
announced six new FTZs in July, officials touted the efforts to
attract foreign investment and deepen trade ties with
BEIJING/SHANGHAI China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Sino-U.S. trade war adds to economic uncertainty.
* H1 net profit 42.75 bln yuan vs 40.77 bln yuan yr-ago
HONG KONG/SHANGHAI Ping An Insurance (Group) Co of China, the country's largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year profit growth in over a decade.