IN BRIEF (Page 13)
Updated: 2011-08-25 07:44
BOC profit in H1 expands 28%
Bank of China Ltd (BOC), the nation's third-largest lender by assets, on Wednesday reported a 28 percent year-on-year increase in first-half profit as income from loans and fees climbed.
The lender's net income rose to 66.5 billion yuan ($10.4 billion) from 52 billion yuan a year earlier. BOC's non-performing loan ratio in June dropped to 1 percent, 0.1 percentage point lower than the start of the first half, while the provision coverage ratio for non-performing loans increased by 20.62 percentage points to 217.29 percent during the same period.
Software sector up to $23.8b
China's software industry revenue increased to 152.3 billion yuan ($23.8 billion) in July, a year-on-year increase of 31.4 percent, the Ministry of Industry and Information Technology said on Wednesday.
The figure took the industry's total revenue for the January-to-July period to 958.8 billion yuan, up 29.6 percent year-on-year, according to the ministry.
Sina Weibo to go mobile
Sina Corp, China's largest Internet portal, will cooperate with China Telecom Corp Ltd to launch eight mobile phones with Sina Weibo preinstalled, the two companies said on Wednesday.
Sina hopes to increase its presence in the mobile sector through the cooperation. Half of Sina Weibo's 200 million registered micro-bloggers access the service by mobile phone. The company is also cooperating with China Unicom (Hong Kong) Ltd to promote its micro-blogging service.
China Daily - Agencies
(China Daily 08/25/2011 page13)