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- Back2basicsBack2basics
  ·2021-05-04
  Eth to the moon
  Ethereum at $5,000? One financial advisor CEO says it could happen this week
  Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our
  Ethereum at $5,000? One financial advisor CEO says it could happen this week
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- Back2basicsBack2basics
  ·2021-05-04
  What's the outlook for Microsoft now?
  Bill Gates and Melinda Gates are splitting up after 27 years
  Bill and Melinda Gates met at $Microsoft$, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts.Financial implications are not immediately clear.Bill Gates, co-founder and former CEO ofMicrosoft, and his wife, Melinda French Gates, said on $Twitter$ on Monday that they will split up after 27 years. The two will keep working together on philanthropic efforts, which have addressed education, gender equalit
  Bill Gates and Melinda Gates are splitting up after 27 years
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- Back2basicsBack2basics
  ·2021-04-29
  Hope all is good
  China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs
  China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin
  China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs
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- Back2basicsBack2basics
  ·2021-04-27
  Hope all is well
  Sorry, this post has been deleted
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- Back2basicsBack2basics
  ·2021-04-27
  PLTR FTW
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To enjoy unlimited access to our journalism,subscribe today.</p>\n<p>Ethereum continued its record run Monday, once again hitting an all-time high of $3,204, but the CEO of one financial advisory firm says he believes the crypto will top $5,000 within the next week.</p>\n<p>Nigel Green, CEO and founder of deVere Group, saysEthereum’stime has come—and the digital currency is well positioned to increase its market share.</p>\n<p>“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market,” he said. “The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money. 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A $1,000investment in Ether in 2015 would be worthover $4.7 million today.</p>\n<p>“Ethereum is already years ahead of Bitcoin in everything but price and fame,” said Green.&nbsp;“There’s a real sense that 2021 is the year for Ether. Its time has come.”</p>","source":"lsy1618285953446","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum at $5,000? 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One financial advisor CEO says it could happen this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://fortune.com/2021/05/03/ethereum-price-ether-5000-dollars-record-high-crypto/><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism,subscribe today.\nEthereum continued its record run Monday, once again hitting an all-time...</p>\n\n<a href=\"https://fortune.com/2021/05/03/ethereum-price-ether-5000-dollars-record-high-crypto/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETHE":"Grayscale Ethereum Trust"},"source_url":"https://fortune.com/2021/05/03/ethereum-price-ether-5000-dollars-record-high-crypto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177826324","content_text":"Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism,subscribe today.\nEthereum continued its record run Monday, once again hitting an all-time high of $3,204, but the CEO of one financial advisory firm says he believes the crypto will top $5,000 within the next week.\nNigel Green, CEO and founder of deVere Group, saysEthereum’stime has come—and the digital currency is well positioned to increase its market share.\n“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market,” he said. “The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money. This momentum is likely to build further in the near-term and I believe Ether will hit $5,000 within seven days.”\nEthereum, the world’ssecond largest cryptocurrency, is up more than 321% year to date, compared to a 98% increase in the price of Bitcoin, but it hasn’t captured quite the same zeitgeist among investors.\nGreen argues it’s a more scalable currency and has a superior blockchain technology.\nEthereum has been on an upswing for several days after the European Investment Bank issued its first-ever digital bond sale on the Ethereum blockchain network. Bloomberg reported the sale will be led byGoldman Sachs, Banco Santander, andSociete Generale.\nThe supply of Ethereum has also been dropping amid increased demand and businesses have been investing in startups that revolve around Ethereum, including such big names asMastercard, UBS, and JPMorgan. A $1,000investment in Ether in 2015 would be worthover $4.7 million today.\n“Ethereum is already years ahead of Bitcoin in everything but price and fame,” said Green. “There’s a real sense that 2021 is the year for Ether. Its time has come.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106880628,"gmtCreate":1620101513264,"gmtModify":1704338669528,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"themes":[],"htmlText":"What's the outlook for Microsoft now?","listText":"What's the outlook for Microsoft now?","text":"What's the outlook for Microsoft now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/106880628","repostId":"1147234999","repostType":4,"repost":{"id":"1147234999","kind":"news","pubTimestamp":1620086355,"share":"https://ttm.financial/m/news/1147234999?lang=&edition=fundamental","pubTime":"2021-05-04 07:59","market":"us","language":"en","title":"Bill Gates and Melinda Gates are splitting up after 27 years","url":"https://stock-news.laohu8.com/highlight/detail?id=1147234999","media":"CNBC","summary":"Bill and Melinda Gates met at $Microsoft$, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts.Financial implications are not immediately clear.Bill Gates, co-founder and former CEO ofMicrosoft, and his wife, Melinda French Gates, said on $Twitter$ on Monday that they will split up after 27 years. The two will keep working together on philanthropic efforts, which have addressed education, gender equalit","content":"<div>\n<p>KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts....</p>\n\n<a href=\"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill Gates and Melinda Gates are splitting up after 27 years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates and Melinda Gates are splitting up after 27 years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts....</p>\n\n<a href=\"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1147234999","content_text":"KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts.Financial implications are not immediately clear.Bill Gates, co-founder and former CEO ofMicrosoft, and his wife, Melinda French Gates, said on Twitter on Monday that they will split up after 27 years. The two will keep working together on philanthropic efforts, which have addressed education, gender equality and health care.\"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,\" Bill and Melinda Gates wrote in a statement that Bill Gatestweeted out.“Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life.”The decision reflects a personal change at the top of American business.Bill Gates led Microsoft as CEO from its founding with Paul Allen in 1975 until 2000, leaving Steve Ballmer to run the company, while Bill Gates became chairman and chief software architect. In 2008 Gatesgave up his day-to-day roleat the company to spend more time on the nonprofit Bill and Melinda Gates Foundation.Last year Bill Gatesstepped downfrom Microsoft’s board asthe coronavirusbecame a force around the world. He began spending more time on the foundation alongside Melinda Gates. The two are co-chairs and trustees of the foundation, which launched in 2000.Bill and Melinda Gates both worked at Microsoft. She had been a general manager at the software company, where she worked on products such as the Encarta encyclopedia, according to herLinkedIn profile. The two met at a dinner for Microsoft employees in 1987. “It took him quite a few months before he asked me out,” Melinda Gateslater said. Bill Gates hadweighed the pros and cons on a blackboard, and in 1994 the couple were married in Hawaii.Financial details of the Gateses parting ways are not yet clear. Bill Gates owns 1.37% of Microsoft’s outstanding shares, which are worth more than $26 billion, according to FactSet. The couple were creators, along with Warren Buffett, of theGiving Pledge, a program that requires participants to give away more than half of their wealth.At one point the couple decided to move $20 billion worth of Microsoft stock to the foundation as they sought to increase their commitment to philanthropy, Bill Gates wrote in a 2019blog post. Today the foundation has more than $51 billion in assets, according to a tax filing, making itone of the world’s wealthiest foundations.“In the case of Melinda, it is a truly equal partner,” Bill Gates said in the 2019 Netflix documentary “Inside Bill’s Brain.” “She’s a lot like me in that she is optimistic and she is interested in science. She is better with people than I am. She’s a tiny bit less hardcore about knowing, you know, immunology, than I am.”In 2015 the two began pursuing areas they were interested in. Bill Gates established Breakthrough Energy, an initiative to slow climate change that includes a venture arm, and Melinda Gates created Pivotal Ventures, a company that makes investments to foster equality.For Valentine’s Day in 2020, Bill Gates posted a photoon Instagramshowing him standing with his arm around Melinda Gates. “I couldn’t ask for a better partner on this journey,” the caption said.Each year for more than a decade the Gateses have published a letter about their foundation work. In thelatest one, published in January, they reflected on the impact of the pandemic, beyond supporting the development of vaccines. “For us, the days became a blur of video meetings, troubling news alerts, and microwaved meals,” they wrote.Bill Gates is the world’s fourth richest person, behindAmazon’sJeff Bezos, LVMH’s Bernard Arnault and Tesla’s Elon Musk, according toForbes.The announcement comes two years after Bezos said he and his wife, MacKenzie, weregetting divorced. Bill Gates and Jeff Bezos are among the world’s richest people, and Amazon and Microsoft compete in the cloud computing business. Amazon said earlier this year that Bezos would be stepping down from his post as CEO and that cloud chief Andy Jassywould succeed him.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109683645,"gmtCreate":1619690853887,"gmtModify":1704728069262,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"themes":[],"htmlText":"Hope all is good","listText":"Hope all is good","text":"Hope all is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109683645","repostId":"1169393759","repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://ttm.financial/m/news/1169393759?lang=&edition=fundamental","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377624393,"gmtCreate":1619525612312,"gmtModify":1704725386869,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"themes":[],"htmlText":"Hope all is well","listText":"Hope all is well","text":"Hope all is well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377624393","repostId":"1155157199","repostType":4,"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377625950,"gmtCreate":1619525530070,"gmtModify":1704725385889,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"themes":[],"htmlText":"PLTR FTW","listText":"PLTR FTW","text":"PLTR FTW","images":[{"img":"https://static.tigerbbs.com/fd991cfa20e8deefa6f900f9043df963","width":"750","height":"1733"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377625950","isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}