SHANGHAI China's international schools are reopening this month but will be short of key elements - teachers and pupils.
* NIM 1.53% at end June vs 1.55% at end March
(Adds comments from officials)
HONG KONG/SHANGHAI Ping An Insurance Group Co of China Ltd on Friday said it will be 'extremely cautious' in the second half of this year due to fear of another wave of novel coronavirus cases, and that it has increased provisions as a precaution.
* Ping An says new insurance sales hit by pandemic
(Adds quotes from co-CEO interview)
BEIJING/HONG KONG/SHANGHAI Chinese state lenders are revamping contingency plans in anticipation of U.S. legislation that could penalise banks for serving officials who implement the new national security law for Hong Kong, sources at five state financial institutions said.
BEIJING/SHANGHAI A report by auditor EY found that Shandong Fangyuan Nonferrous Metals Group, China's biggest privately held copper smelter, has been overstating its profit and production levels while understating its debt, according to two sources with knowledge of the matter.
BEIJING/SHANGHAI, June 17 A report by auditor EY
found that Shandong Fangyuan Nonferrous Metals Group, China's
biggest privately held copper smelter, has been overstating its
profit and production levels while understating its debt,
according to two sources with knowledge of the matter.
SHANGHAI/HONGKONG Chinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters.
SHANGHAI The number of mainland China-listed firms to delay filing annual reports past the regulatory deadline of April 30 has surged to 129, from four the year before, an indicator of the level of disruption that will linger after coronavirus lockdowns end.
BEIJING/SHANGHAI China's largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout.