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China's Henan province accelerates high-quality development

The per capita disposable income of residents in the province increased from 12,772 yuan (about 1,865 U.S. dollars) in 2012 to 26,811 yuan in 2021, and 7.19 million impoverished residents in Henan were lifted out of poverty.

time:
2022-08-29 13:39:39
views:
62946

China Life Insurance's net profit down in H1

China Life Insurance Co., one of the country's biggest insurers, pocketed 25.42 billion yuan (about 3.71 billion U.S. dollars) of net profit in the first half of the year, down 38 percent from the same period last year.

time:
2022-08-28 14:29:07
views:
69700

SMBC Group to Launch Jenius Bank, a New Digital Consumer Banking Business in the U.S.

Sumitomo Mitsui Financial Group, Inc. (‘SMFG”, President and Group CEO Jun Ohta, together with subsidiaries “SMBC Group”) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius BankTM will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group.

time:
2022-08-27 20:50:25
views:
34092

China allocates 10 bln yuan for drought relief, autumn grain production

China's Ministry of Finance on Friday earmarked 10 billion yuan (about 1.46 billion U.S. dollars) central reserve funds to support drought relief and the production of autumn grain.

time:
2022-08-27 15:55:46
views:
58922

China's insurance sector sees total assets amounting to 26 trln yuan

Total assets of China's insurance sector amounted to 26.6 trillion yuan (about 3.88 trillion U.S. dollars) at the end of June, official data showed.

time:
2022-08-27 15:31:56
views:
69335

E-commerce boom attracts young people back to hometown

The People's Bank of China lowered the rate of 400 billion yuan (about 59 billion U.S. dollars) worth of one-year MLF to financial institutions to 2.75 percent from the 2.85-percent rate it opted for on the previous occasion.

time:
2022-08-17 13:25:55
views:
51121

Foreign trade of east China's Jiangsu up 11.5%

East China's Jiangsu Province reported an 11.5 percent increase in foreign trade in the first seven months to 3.14 trillion yuan (about 465.8 billion U.S. dollars), official data showed.

time:
2022-08-15 00:00:00
views:
64408

ESMA updates on applications for recognition from U.S.-based CCPs

The European Securities and Markets Authority (ESMA), has announced its recognition of two central counterparties (CCPs) established in the United States (U.S.) .

time:
2022-08-11 22:00:34
views:
42691

China sees rapid investment growth in water conservancy infrastructure

From January to July, completed investments in water conservancy projects totaled 567.5 billion yuan (about 83.9 billion U.S. dollars), up 71.4 percent over the same period in 2021, the Ministry of Water Resources said Aug. 10.

time:
2022-08-11 17:31:25
views:
66788

China's State Grid will construct 22-bln-USD UHV projects in H2

With a total investment of more than 150 billion yuan (about 22 billion U.S. dollars), these projects are expected to further leverage the role of power grids in expanding investment

time:
2022-08-05 11:51:10
views:
60713

China's industrial profits up 1 pct in H1

Industrial firms each with annual main business revenue of at least 20 million yuan (about 2.95 million U.S. dollars) saw their combined profits exceed 4.27 trillion yuan in the period

time:
2022-07-27 17:35:18
views:
69682

Overseas investors find sweet spots in China's green transition

China's green loan balance exceeded 18 trillion yuan (about 2.67 trillion U.S. dollars)

time:
2022-07-27 17:19:16
views:
63404

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