$BIDU-SW (09888.HK)$reported revenue of 33.9 billion yuan for the second quarter of 2024, slightly below the 34.1 billion yuan from the same period last year and falling short of the market expectation of 34.11 billion yuan. $NTES-S (09999.HK)$reported revenue of 25.5 billion yuan for the second quarter, falling short of the estimated 26.12 billion yuan. $COUNTRY GARDEN (02007.HK)$$CG SERVICES (06098.HK)$reported its first-half net profit at 1.44 billion yuan, decreased by 38.7% y/y. 1...
Promote better functioning of urban real estate financing coordination mechanisms and guide financial institutions to actively cooperate in resolving local government debt risks. The meeting emphasized focusing on preventing and controlling financial risks in key areas, prioritizing stability, and effectively managing risks in small and medium-sized financial institutions. It also stressed guiding financial institutions to improve their positioning and governance...
The following factors highlight the continued insufficiency of demand: The real estate sector is still undergoing a deep adjustment. In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government. Residents' e...
$NTES-S (09999.HK)$ reported revenue of 25.5 billion yuan for the second quarter, falling short of the estimated 26.12 billion yuan.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ reported its first-half net profit at 1.44 billion yuan, decreased by 38.7% y/y.
1...
The meeting emphasized focusing on preventing and controlling financial risks in key areas, prioritizing stability, and effectively managing risks in small and medium-sized financial institutions.
It also stressed guiding financial institutions to improve their positioning and governance...
The real estate sector is still undergoing a deep adjustment.
In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government.
Residents' e...
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