The country's biggest lender, the Industrial and Commercial Bank of China, and the Bank of China posted profit growth of just 1.2% and 0.78%
If true, the development of a homegrown 5G chip would mark a win for China's local semiconductor sector, which has seen stock market gains of roughly 8% so far this week
The surprise move, which was part of a slew of measures to bolster the stock market and investor sentiment, threatens to close one of the few bright spots in the country's financial sector this year
Decision comes as state banks are tipped to cut interest rates on existing mortgages, while other cities could follow Guangzhou's move
China responds positively to Commerce Secretary's blunt remark that US companies complained to her that China has become "uninvestible"
The Facebook parent said it had pulled around 7,700 Facebook accounts and hundreds of other pages, groups and Instagram accounts
Foxconn founder Terry Gou, who’s running in Taiwan's presidential election, said Beijing won’t be able to influence him despite his business links in China
Commerce Secretary has raised many important bilateral issues on her Chinese visit – from firms caught in the "chip war" to climate change and artificial intelligence
A record 38 QDII funds had been launched this year for Chinese investors seeking exposure to foreign assets
China’s top-selling automaker has returned sizzling sales figures and bumper profits despite a price war initiated by US EV rival Tesla
The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen
US Commerce Minister meets counterpart Wang Wentao in Beijing, notes that 99% of their $700bn in bilateral trade does not involve national security; vows to be 'direct, open, practical'