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Global capital flows changing direction as foreign investors luff the helm to buy yuan
Since the end of 2018, a large number of overseas institutional investors have kept a bullish sentiment for Chinese yuan exchange rate, rather than continuing to sell Chinese yuan in offshore market.
PPDAI’s net profit up 128 pct in 2018
The net profit of PPDAI Group Inc., a financial technology company listed in the United States, increased 128 percent year on year to 2.47 billion yuan in 2018, according to the company’s financial report.
China's Ping An Insurance Group annual profit surges 20.6 pct
Ping An Insurance Group Co., one of the country's leading insurers, saw a 20.6 percent jump in annual net profit in 2018.
China's listed banks report net profit growth in 2018
China's listed banks saw net profit growth in 2018, according to their annual performance reports.
Brokers' profits surge on stock-market rally
China's listed brokerage companies reported stellar performance last month as a stock-market rally boosted their profit margin.
Kenya bank to open office in China to facilitate Sino-Africa trade
Kenya Commercial Bank (KCB), a regional financial institution, plans to open a representative office in China in order to lower cost of Sino-Africa trade, officials said Wednesday.
China's Yili takes lead in Asian diary market with 2018 net at RMB6.45 bln
China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. continued taking the lead in the Asian dairy market with its net profits in 2018 standing at 6.452 billion yuan, according to its financial results for 2018 unveiled recently.
Jingsheng’s operating income increases 30.11 pct in 2018
The operating income of Zhejiang Jingsheng Mechanical and Electrical Co., Ltd. increased 30.11 percent year-on-year to 2.54 billion yuan in 2018.
E-commerce giant Suning.com net profits up 216 pct in 2018
Chinese e-commerce giant Suning.com Thursday announced that the company registered a net profit increase of 216.2 percent in 2018 thanks to soaring online consumption.
China's iFlytek net profits up 21.62 pct in 2018
China's AI firm iFlytek Co., Ltd. Wednesday announced that the company has registered a net profit increase of 21.62 percent in 2018.
Yunda Holding net profits up 67 pct in 2018
Yunda Holding Co., a major Chinese express delivery firm, announced Wednesday that its 2018 net profits attributable to its shareholders rose 67.3 percent year on year to 2.66 billion yuan (398 million U.S. dollars).
China's major commercial banks' net profits stand at RMB 957.3 bln in 2018
China's major commercial banks posted outstanding performance in 2018, with their net profits standing at 957.3 billion yuan, meaning that they made an average daily net profit of 2.623 billion yuan, data from the China Banking and Insurance...
Chinese commercial banks see higher profits, lower NPL ratio
The profits of Chinese commercial banks increased, while the non-performing loan (NPL) ratio declined as of the fourth quarter in 2018, data by the country's top banking regulator showed Monday.
CNPC reports fast business growth in January
China National Petroleum Corporation (CNPC), the country's largest oil and gas producer and supplier, reported fast growth in both its oil and non-oil business in January.
Baidu earns RMB27.2 bln revenue in Q4, up 22pct o-y
Chinese search engine and artificial intelligence (AI) giant Baidu earned 27.2 billion yuan of revenue in the fourth quarter of 2018, up 22 percent year on year, said the company on Friday.
Deutsche Telekom to invest almost 13 billion in network expansion
The German telecommunications giant Deutsche Telekom plans to put more money into expanding its network in 2019, a year when the first frequencies for the new 5G mobile phone standard are due to be auctioned off.
Nearly half of listed brokerage firms see profit up in January
Nearly half of China's listed brokerage firms saw their net profits rise in January compared to the same period last year, the China Securities Journal reported Tuesday.
Hikvision reports 20 pct growth in net profit in 2018
The Hangzhou-based Hikvision Digital Technology, a leading provider of security products and solutions, reported a steady annual profit growth last year.
38 non-listed life insurance companies gain net profit of 32.5 bln yuan in 2018
38 of non-listed life insurance companies gained a total net profit of 32.5 billion yuan in 2018, according to Securities Daily reported Monday.
LVMH’s race in China brings on a dividend increase
The luxury brand nicely wrapped up the quarter, enjoying returns 9% higher and peaking at 13.7 billion euros. 2018 turnover was 46.8 billion euros, while net profit was 6.35 billion (+18%).
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