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Xinhua | Major Chinese banks plan A-share placements to boost core capital
Agricultural Bank of China and Industrial and Commercial Bank of China on Sunday announced plans to raise up to a combined 260 billion yuan (about 38.4 billion U.S. dollars) through A-share issuances to designated investors to replenish their core Tier-1 capital... -
YICAI | China's Listed Memory Chipmakers Swing to Over CNY100 Billion Profit as AI Fuels Price Rally
China's listed memory chip companies swung to a first-half profit, posting a combined bottom line of more than CNY100 billion (USD14.9 billion), as an artificial intelligence-driven rally in memory prices boosted earnings and industry leader CXMT went public... -
YICAI | Shipbuilder China CSSC Lands Order for 10 Dual-Fuel PCTCs Worth Over USD1 Billion
China CSSC Holdings, the listed arm of the country's largest shipbuilder, has won a second major order in less than a week -- a contract worth more than USD1 billion to build 10 dual-fuel pure car and truck carriers... -
China Daily | PICC posts over 38% increase in H1 net profit
The People's Insurance Company (Group) of China Ltd, China's leading insurer, reported a 38.5 percent rise in first-half net profit, driven by stronger investment returns and improved underwriting profitability at its core property and casualty insurance business... -
China Daily | ICBC accelerates global expansion, seeks new growth through digitalization
Industrial and Commercial Bank of China's first-half results showed that international operations of China's largest State-owned commercial lender continued to develop steadily, while its global service capabilities were further strengthened... -
China Daily | Baiyunshan Pharmaceutical boosts H1 R&D spending over 20% to fuel innovation
Guangzhou Baiyunshan Pharmaceutical Holdings, a subsidiary of Guangzhou Pharmaceutical Group, has prioritized technological innovation as a key development strategy, reporting a year-on-year increase of more than 20 percent in research and development expenditures in the first half of the year... -
Global Times | Chinese chipmaker YMTC files for $4.6 billion STAR market IPO after fellow CXMT's record debut
Chinese NAND flash memory chipmaker Yangtze Memory Technologies Co has taken a major step toward a public listing. The Shanghai Stock Exchange's STAR market has accepted the company's initial public offering (IPO) application... -
YICAI | China's AMEC to Invest USD520 Million to Boost Chip Equipment Capacity at Lingang Plant
Advanced Micro-Fabrication Equipment, a leading supplier of semiconductor etch equipment, said that it plans to spend CNY3.5 billion (USD520 million) expanding the production capacity of its factory in the Lingang Special Area...