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China sees reshuffle of third-party payment industry
China's third-party payment market is experiencing a reshuffle, as more internet enterprises brace for the payment business.
Chinese banks crank up efforts in fintech to boost digitalization
Chinese banks, in particular large lenders, have been leveraging financial technology (fintech) to propel their digital transformation, reported China Securities Journal Wednesday.
Registration-based IPO reform creates good timing for strengthening fundamental rules
ChiNext's Monday-debuted registration-based initial public offering (IPO) raised the imminence and necessity for enhancing capital market fundamental rules, according to a report released by the research team of China Wealth Management 50 Forum (CWM50).
China's service industry speeds up recovery
China's service industry is getting recovered from the COVID-19 pandemic at a faster pace, showed data from statistics administrations.
Fund set up to promote cultural and tourism industry in E China's Ningbo
An investment fund for cultural and tourism industrial development has been recently established in Ningbo, east China's Zhejiang Province, raising 1.005 billion yuan in its first round, reported by Zhejiang Daily on Saturday.
Cobalt prices in China expected to enjoy promising prospects in H2
Cobalt prices in China are expected to have good performance in the second half of the year on rising demand for the metal, the Xinhua-run Shanghai Securities News reported on Wednesday.
China's consumption expected to expand in July: analysts
China's consumption is forecast to enter positive territory for the first time this year in July, Shanghai Securities News reported Wednesday.
China's A-share market sees RMB10.392 bln net inflow of northbound capital in July
China's A-share market embraced a net influx of 10.392 billion yuan of northbound capital or capital invested from Hong Kong into the Chinese mainland in July, reported Shanghai Securities News Monday.
CITIC Securities posts surge in first-half profits
CITIC Securities, one of China's leading brokerage companies, on Wednesday reported soaring profits for the first half of the year amid a vibrant domestic stock market.
Economic Watch: China's industrial profits rebound, pressure persists
Profits of China's major industrial firms rebounded in the second quarter (Q2) as business activities continued to pick up, but the recovery still faces uncertainties due to the global spread of COVID-19.
China's yuan strengthens amid assets boom
China's currency, the yuan, has strengthened against the U.S. dollar as foreign funds flock to yuan-denominated assets betting on the country's economic recovery.
CITIC Securities posts surging net profits in June
CITIC Securities, one of China's leading brokerage firms, reported rising net profits in June.
Confidence seen in higher holdings of RMB assets: experts
Global investors are continually buying into the rally in China's equity market, which has taken renminbi (RMB) or yuan to its highest level in several months and reinforced hopes that the country's earlier economic recovery would sustain the bullish market sentiment, analysts said.
Profit of Chinese industrial firms resume positive growth in May 2020
The profits of Chinese industrial firms resumed positive growth for the first time in May 2020, further confirming the accelerated recovery of China's industrial economy, Shanghai Securities News reported on Monday.
China likely to see faster economic recovery in H2 of 2020, institutions
China's economy is likely to revive in the second half of this year, with growth rate expected to return to the pre-epidemic level, according to the economic forecast released by institutions recently.
Digital transformation injects impetus to China's listed steel companies
The listed steel companies in China have recently witnessed excellent performance on the domestic stock market as many analysts believe the digital transformation has injected an impetus to their development, the Xinhua-run Shanghai Securities News reported on Thursday.
China issuance of special gov't bonds to have limited impact on liquidity: analysts
China's upcoming issuance of special government bonds for COVID-19 control will have a limited impact on market liquidity and bond prices, analysts said.
China CITIC Bank signs strategic cooperation agreement with CATL
China CITIC Bank, a major commercial lender, has recently inked a strategic cooperation agreement with Contemporary Amperex Technology Co., Ltd. (CATL), China's largest automotive lithium-ion battery maker, the Xinhua-run Shanghai Securities News reported on Monday.
China's economy on track of recovery as signs show consumption rebounds
China's economy is on the track of recovery as an increasing number of signs recently showed domestic consumption rebound, reported the Xinhua-run Shanghai Securities Journal Thursday.
China CITIC Bank investigated over client information leaks
China's banking regulator on Saturday announced an investigation into China CITIC Bank for the leakage of confidential client information.
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