介绍:
Chinese trusts' assets hit 11.73 trln yuan
Anchor:
Authorities here in China are taking steps to try to rein in trust companies as the shadow-banking sector expands agressively.
New data shows that assets in Chinese trusts have surpassed 11.5-trillion yuan as of the end of March.
This is up 7.5-percent from the previous quarter.
Trusts surpassed insurance companies last year to become the 2nd largest sector in China's financial system behind only commercial banks.
The China Banking Regulatory Commission recently issued stricter guidelines governing trust companies in a bid to counter systemic risks posed by the shadow-banking sector.
The new rules are aimed at reducing liquidity risks associated with off-balance-sheet Wealth Management Products.
For more on this, The Beijing Hour's Shane Bigham spoke earlier with Cao Can, CRI's Financial Commentator.
Cao Can, CRI's Financial Commentator, speaking with The Beijing Hour's Shane Bigham.
Apple announces share buyback as earnings rise
Apple is reporting first-quarter net profits of 10.2 billion US dollars.
In making the announcment, Apple has also revealed plans to buy an additional 30-billion US dollars of its stock back from shareholders and increase its quarterly dividend by 8-percent.
The company also says its going to split its stock for the first time in 9-years.
Sales of the iPhone, still the company's most popular product, has contributed to more than half of Apple's revenues, which are up 17-percent year-on-year.
Apple has sold 43.7-million iPhones through the first three months of this year.
Shares of Apple have surged more than 7-percent in after-hours trading, as investors welcome news of the seven-for-one stock split, which is set to take effect in June.
Facebook earnings surge on mobile advertising
Facebook is reporting net profits of 642-million US dollars through the first quarter, beating 'the street.'
An increase in mobile advertising has helped push Facebook revenues up 72-percent to 2.5-billion US dollars.
Mobile revenues now account for just under 60-percent of the company's ad profits, up from 30-percent a year ago.
Shares of Facebook have risen over 4-percent in after-hours trading.
Facebook says it reached just under 1.3-billion users in the first quarter.
More than a billion of those accessed the site through a mobile device.
Facebook is taking steps to grow its mobile business by expanding its product offerings.
This includes launching a new Facebook Messenger service and a news application.
Boeing raises 2014 profit forecast
Boeing has raised its profit forecast this year, while at the same time, announcing a "strong" first quarter.
Boeing's 2014 core earnings forecast has been raised to between 7.2 and 7.4-US dollars a share, which is a 20-cent increase from previous projections.
Boeing's revenues through the first quarter are up 8-percent to 20.5 billion US dollars, driven by an increase in deliveries.
However, Boeing's net earnings are down by 13-percent.
Still, Boeing is raising its full-year profit forecast because of a tax settlement that will take effect in the second quarter.
The company delivered 161 commercial airplanes in the first three months.
Qualcomm shares dip on weak outlook
Shares of Qualcomm, one of the world's biggest chipmakers, have fallen 5-percent in after hours trading after the company issued a weaker than expected growth outlook.
Qualcomm is now forecasting sales of between 6.2 and 6.8 billion US dollars through the 2nd quarter.
The low end of the estimate represents a decline of 1-percent from a year ago.
However, the company is also reporting a net profit increase of 5-percent though the first qurter of just under 2-billion US dollars.
Novartis profit rises 23% on sales of new drugs
Pharmaceutical giant Novartis says sales of its newly-launched drugs have helped push first-quarter net profits up nearly 23-percent.
The company says its cancer treatment drug Afinitor and multiple sclerosis pill Gilenya, two of the company's newest treatments, have contributed to sales growth.
Sales in emerging markets, most notably China, have also helped drive up the company's results.
The first-quarter results come as Novartis prepares to work through a series of deals announced earlier this week.
On Tuesday, Novartis announced plans to buy GlaxoSmithKline's oncology unit, while Glaxo will acquire Novartis's vaccines business.
In a separate deal, Novartis will sell its animal health business to Eli Lilly.
The deals are worth more than 25-billion US dollars.
Hyundai Motor's Q1 operating profit grows 3.7 percent
South Korean automaker Hyundai is reporting a 1st quarter profit increase of 3.7-percent.
The company has earned 1.9-billion U.S. dollars during the January to March period.
Hyundai's revenues are up 1.3-percent on year to 208-billion US dollars.
The company's sales globally are up 4.8-percent.
South Korea economic growth beats forecasts
South Korea's economy has grown more than forecast in the first quarter, helped by surge in construction and exports.
The South Korean economy has expanded by 3.9-percent in the January-to-March quarter.
Most projections were for 3.7-percent growth.
Quarter-by-quarter, South Korea's economy has grown by 0.9-percent.
South Korean exports are up 1.7-percent on a quarterly-basis.
大家还在听
