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As of the end of the second quarter, the total assets of domestic and foreign currency of China's banking and financial institutions amounted to 43.31 trillion yuan, a year-on-year increase of 6.6%.
On August 9th, the China Banking and Insurance Regulatory Commission released the main regulatory indicators data for the banking and insurance industry in the second quarter of 2024.
Industrial and Commercial Bank of China (01398.HK): The China Banking and Insurance Regulatory Commission approves the appointment of Mori Ihuman as an independent non-executive director.
Industrial and Commercial Bank of China (01398.HK) announced on August 8th that the China Banking and Insurance Regulatory Commission has approved Mo Lahoon's eligibility as an independent non-executive director in accordance with relevant regulations. Mo Lahoon's appointment as an independent non-executive director is now effective.
Northbound capital's transaction trends: a net sell of 6.087 billion yuan. Domestic investors once again sold Hong Kong ETFs ahead of the earnings season, while actively buying China Mobile (00941) with a transaction amount exceeding 0.5 billion yuan.
On August 8th, the Hong Kong stock market saw a net sell-off of 6.087 billion Hong Kong dollars by Northern bound funds, with 2.275 billion Hong Kong dollars from the Shanghai-Hong Kong Stock Connect and 3.812 billion Hong Kong dollars from the Shenzhen-Hong Kong Stock Connect.
Express News | Icbc - Considered and Approved Appointments of Duan Hongtao Concurrently as Board Secretary and Concurrently as Company Secretary
Express News | Icbc - Board of Directors Decided to Engage Ernst & Young Hua Ming Llp as Domestic External Auditor of Bank for 2024
2024 Fortune Global 500 released! Industrial and Commercial Bank of China (01398) ranks second among global banks, Ping An Insurance (02318) ranks first among global insurers.
On August 5th, Fortune released the 2024 Fortune Global 500 list.
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ZnWC : China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home.
Source:
China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
ZnWC : Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.