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02.11.26 - 05:15
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Research: BofAS Raises ABC TP to HKD7.44, Results Lead Peers (AAStocks)
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BofA Securities issued a research report stating that AGRICULTURAL BANK (01288.SH) reported net profit for the first nine months of this year rose 7.1% YoY to RMB236.5 billion, the best performance among major state-owned banks. Core earnings increased 15.3% YoY, equivalent to 85% of the broker's full-year forecast. The broker r......
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20.10.26 - 11:30
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Reporter′s notebook: Kimi′s AI credit card turns spending into computing quotas – with limits (SCMP)
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China's artificial intelligence companies have spent years persuading consumers to pay for their technology. Now, Moonshot AI, the start-up behind Kimi, is taking a different approach: offering AI computing benefits through a credit card.
The company has teamed up with the Agricultural Bank of China (ABC) and American Express for what it calls “the world's first AI native credit card”. After getting one for myself, the experience offered an intriguing way to bring AI services into everyday......
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17.10.26 - 10:00
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Reporter′s notebook: Kimi′s AI credit card turns spending into computing quotas – with limits (SCMP)
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China's artificial intelligence companies have spent years persuading consumers to pay for their technology. Now, Moonshot AI, the start-up behind Kimi, is taking a different approach: offering AI computing benefits through a credit card.
The company has teamed up with the Agricultural Bank of China (ABC) and American Express for what it calls “the world's first AI native credit card”. After getting one for myself, the experience offered an intriguing way to bring AI services into everyday......
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07.09.26 - 11:06
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China′s capital injection steels banks, insurers for rough road ahead (SCMP)
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China announced a capital injection of around 360 billion yuan (US$54 billion) for eight of the largest state-owned banks and insurers amid government efforts to shore up the country's financial system and boost economic growth.
Three state banks said on Sunday they would receive a combined 290 billion yuan. Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC) will raise 160 billion yuan and 100 billion yuan respectively through private placements of new A-shares......
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31.08.26 - 09:00
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China′s six biggest state banks post rare shared growth as margins show tentative rebound (SCMP)
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China's six largest state-owned banks recorded their first simultaneous rise in first-half revenue and net profit since 2022, according to interim results released last week, as margins that had been under pressure for two years showed tentative signs of stabilising.
Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), Bank of Communications (Bocom) and Postal Savings Bank of China (PSBC) together generated more......
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09.07.26 - 03:54
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China now has 7 of world′s 10 biggest banks as Beijing′s financial ambitions grow (SCMP)
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China's “big four” state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beijing's rising ambitions to build the country into a global financial powerhouse.
The ranking released by The Banker magazine on Wednesday was topped by the four Chinese banks – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China – with JPMorgan Chase following in fifth place.
In total, Chinese banks made up......
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27.05.26 - 11:00
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LANCANG TEA Secures RMB24.3M Term Loan Facility (AAStocks)
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LANCANG TEA (06911.HK) announced that it has obtained a term loan facility of up to RMB24.3 million from Agricultural Bank of China, with a tenor of one year. (jl/da)~AASTOCKS Financial NewsWebsite: www.aastocks.comThis article was automatically translated by AI, the Chinese version should be considered the authoritative version......
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30.04.26 - 09:00
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China′s Big Four banks post stronger earnings as policy lending lifts growth (SCMP)
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China's largest state-owned banks delivered stronger-than-expected first-quarter earnings, with rising interest income and steady asset quality pointing to improving credit demand as Beijing ramps up support for key sectors of the economy.
The Big Four lenders – Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) – all reported growth in both revenue and net profit, marking a turnaround from the margin pressure......
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