Lenders relying more on noninterest income
China’s listed banks are leaning more heavily on noninterest income to offset shrinking interest margins, with fee-based businesses such as wealth management, investment banking and transaction banking emerging as key…
Schneider Electric uses its Chinese base as a global example
Schneider Electric’s Shanghai facility incorporates high-end technologies like big data, 5G and artificial intelligence to enhance productivity. After 38 years in China, French industrial conglomerate Schneider Electric has transformed its…
China and ASEAN further cementing ties
The Nanning International Convention and Exhibition Center will be the venue for the 22nd China-ASEAN Expo to be held later this month. PENG HUAN/FOR CHINA DAILY China and the Association…
Magnum outlines plans for demerger from Unilever
The Magnum Ice Cream Company (TMICC) outlined its growth strategy and financial outlook during its inaugural capital markets day in London on Tuesday. During the event, Magnum’s management presented its…
China’s enduring strengths for long-term growth
CAI MENG/CHINA DAILY The strategic rivalry between China and the United States is a protracted one, the nature and duration of which are not determined by China’s will alone. Through…
New markets to spur foreign trade
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports…
Regulator vows strong oversight of securities
China’s top securities regulator vowed over the weekend to step up law-based supervision and make strong efforts to advance high-quality capital market development, following the announcement that its former chairman…
Shanghai intl reinsurance exchange on fast growth track
In its first eight months of official operations, the Shanghai International Reinsurance Exchange traded nearly 4.4 billion yuan ($617.87 million) of insurance premiums, according to an official with the exchange.…
China Unicom helping link Hainan, SE Asia
An image taken on May 10 shows a vessel laying submarine cables off Lingshui, Hainan province, to support the building of China Unicom’s international submarine cable landing station. China Unicom…
Forging future together: How finance fuels Sino-Swiss partnership
People attend the celebrations marking the 75 years of diplomatic relations between China and Switzerland co-hosted by the Chinese People’s Association for Friendship with Foreign Countries and the Switzerland’s embassy…