Former China Everbright chairman sentenced to 15 years in prison, state media says
Li Xiaopeng, the former chairman of state-owned financial conglomerate China Everbright Group, has been sentenced to 15 years ...
CCN on MSN6d
China’s ICBC Backs AI Push With $11 B Fund as Beijing Mobilizes 1 T Yuan for Tech Startups
The Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan technology and innovation fund. This ...
China Daily14h
Former bank chairman jailed 15 years, fined for bribery
Li Xiaopeng, former chairman of China Everbright Group, a State-owned financial conglomerate, was sentenced to 15 years in prison for bribery by a court in Daqing, Heilongjiang province, on Tuesday.
China's Biggest State-Owned Banks' Capital In Focus At Economic Policy Meet
Postal Savings Bank of China Co. Ltd. had 1.28 percentage points of common equity Tier 1 ratio above its regulatory ...
China outlines plans to boost consumer spending as Trump’s tariff war threatens exports
A bureau spokesperson said the economy is moving in the right direction but cautioned that challenges remain at home and ...
China’s central bank vows to promote applications of AI large language models
The People's Bank of China (PBC), the central bank, held a meeting to reinforce its technological work in 2025, vowing to ...
China Economic Pickup Tops Forecasts Before Tariff Pain Deepens
Consumption and industrial production in China grew faster to start the year, in an upswing that exceeded forecasts as Donald Trump’s tariffs threaten exporters in the world’s largest trading nation.
Bank of China sets up $7 billion fund to support technology development
Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, as the nation's big state lenders move to support the private economy. The ...
The Business Times16d
China’s central bank, regulators hold symposium on support for private companies
CHINA’S central bank and financial regulators held a symposium with private enterprises and financial institutions, vowing to increase lending to private enterprises and expand their fundraising ...