Finance

Citigroup reported Q1 revenue of $21.6 billion, a 3% year-over-year increase. The growth was driven by broad-based contributions from all five core businesses. Markets revenue rose 12% to $6 billion, with fixed income markets up 8% and equity markets revenue surging 23%. Citigroup’s U.S. pre-market shares rose nearly 1%. Despite macroeconomic uncertainties, Citigroup delivered strong […]

For the banking industry, the cyclical downturn coincides with a reshuffling of the competitive landscape. In 2024, Bank of Beijing achieved “double growth” in its performance. Revenue and net profit attributable to the parent company increased by 4.81% and 0.81% year-on-year, respectively. During the same period, its stock price rose by 43.69%, outperforming the Wind

On April 16, New China Life Insurance disclosed that its first-quarter premium income reached RMB 73.218 billion, marking a 28% year-on-year increase. Compared to previous years, the company’s liability-side performance in Q1 2025 has stabilized and recovered: 1. Premium income hit a record high, surpassing RMB 70 billion for the first time. 2. The growth

The escalating geopolitical risks are introducing more uncertainties for US-listed Chinese stocks (hereinafter referred to as “Chinese concept stocks”). Recently, Hong Kong’s Financial Secretary Paul Chan Mo-po mentioned in an essay titled “Another Opportunity for Hong Kong Amidst a Century of Changes” that he has instructed the Securities and Futures Commission and the Hong Kong

China Pacific Insurance (Group) Co., Ltd. (CPIC) recently released its Q1 2025 report, showing insurance service revenue of RMB 69.55 billion, a year-on-year increase of 3.9%. Among the segments, CPIC Life achieved insurance service revenue of RMB 20.98 billion, up 0.6% YoY, while CPIC P&C reported RMB 47.74 billion, a 4.8% YoY growth. The Group’s