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Wan LixinOpinion deputy editor of Shanghai Daily
Scalpers rear their ugly heads as train tickets sell like hot cakes before holiday
Jing’an continues to lead in general public budget revenue
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Ping An Bank profit jumps
Print Edition
Thanks to its business transformation toward retail banking, underpinned by advanced technologies, Ping An Bank saw its profit jump to 20.45 billion yuan (US$2.94 billion) during the first nine months, up 6.8 percent year on year, according to its latest earnings report. The Shenzhen-based joint-stock commercial lender recorded revenue of 86.66 billion yuan in the period, with over one third of that generated from non-interest net income. Retail banking business contributed to a record 68 percent of net profit, hitting 13.9 billion yuan.
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