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27.06.25 - 20:03
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Driven by AI agents and large models powering new quality productive forces, LexinFintech wins The Asian Banker ′s Best AI Technology for Financial Technology Company in China (GlobeNewswire EN)
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Beijing, China, June 27, 2025 (GLOBE NEWSWIRE) -- On 26 June 2025, The Future of Finance China 2025 was held by The Asian Banker in Beijing. LexinFintech received The Asian Banker's “Best AI Technology for Financial Technology Company in China” in recognition of its pioneering innovations and applications in AI large models and agent‑based automation.The Asian Banker awards are renowned for their rigor, with winners selected by an international panel of bankers, consultants, and academics through a multi‑round evaluation process over several months. Often dubbed the “Oscars” of the Asia‑Pacific financial sector, the awards carry significant prestige.Other recipients of The Asian Banker's annual awards included major financial institutions such as Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), and China Merchants Bank (CMB)....
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23.06.25 - 02:36
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Chinese banks′ stock rally lights up social media as FOMO grips investors (SCMP)
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The rally in Chinese bank stocks is captivating retail investors from Hong Kong to Shanghai and Shenzhen, making it one of the hottest topics on mainland social media platforms, with many asking if it is too late to jump on the bandwagon.
Benchmarks tracking Industrial & Commercial Banking Corp (ICBC), China Construction Bank (CCB), Bank of China and their peers have risen 24 per cent in Hong Kong and 17 per cent in onshore markets. The market-beating gains are even more spectacular, coming......
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25.04.25 - 14:06
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Bundesrat Cassis trifft China Construction Bank (Finews)
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China Construction Bank (Zurich Branch) baut auf der China International Machine Tool Show 2025 in Peking Brücken für Schweizer Unternehmen nach China. Auch der Schweizer Aussenminister machte sich vor ein Ort ein Bild davon. ...
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02.12.24 - 11:14
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Hong Kong court dismisses petition to liquidate Chinese developer Shimao Group (Reuters EN)
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UPDATE 1-Hong Kong court dismisses petition to liquidate Chinese developer Shimao Group Adds details and background from paragraphs 2 onwards Dec 2 (Reuters) - China's Shimao Group 0813.HK said on Monday that the High Court in Hong Kong dismissed a petition seeking the liquidation of the embattled property developer. The petition was filed by China Construction Bank (Asia) in April over Shimao's failure to repay loans of HK$1.58 billion ($203.06 million)....
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02.12.24 - 10:42
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HK High Court Dismisses Creditor's Winding-up Petition against SHIMAO GROUP (AAStocks)
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The High Court of Hong Kong dismissed Monday (2nd) a creditor petition to liquidate the defaulted SHIMAO GROUP (00813.HK), which is expected to have more time to complete its debt restructuring plan.Shimao's creditor, China Construction Bank (Asia), filed a winding-up petition against Shimao with the High Court in April 2024......
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22.07.24 - 21:42
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Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment (GlobeNewswire EN)
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ZIBO, China, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has successfully secured an additional $13.75 million low-interest loan from China Construction Bank (CCB). This brings the total loans received from CCB in 2024 to $27.51 million. The new funds will significantly enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM....
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11.06.24 - 19:01
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Another Chinese Developer Gets Liquidated As Property Bear Market Persists (ZeroHedge)
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Another Chinese Developer Gets Liquidated As Property Bear Market Persists
Asian stocks were mostly red on Tuesday in Hong Kong (Hang Seng -1.04%) and China (CSI300 -.87%) as the Chinese property bear market deepened as Beijing's attempt to stabilize the economy wanes following yet more bad news of developer Dexin China Holdings Co. ordered into liquidation by a Hong Kong court.
Dexin became the latest Chinese developer to be ordered to wind down, three months after a petition was filed by China Construction Bank (Asia) and a year and a half after it defaulted, according to Bloomberg. Even with a new restructuring plan approved last year, the developer, specializing in residential and commercial buildings, couldn't keep up with paying its debts.
The Zhejiang-based developer concentrated most of its residential and commercial buildings across China's wealthy Yangtze River Delta region. As of the latest annual report, it had 64.4 billion yuan ($8.88 billion) in liabilities.
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