Cultural firms earn $220b revenue in Beijing

The cultural industry maintained robust development in Beijing as the total revenue of major companies in the sector exceeded 1.42 trillion yuan ($220 billion) in 2020. The total revenue collection increased by 0.9 percent on a yearly basis, the Beijing municipal bureau of statistics said on Monday.

Ping An Bank net profit up 2.6% in 2020

Ping An Bank, a Shenzhen-listed lender controlled by Ping An Insurance, said net profit rose by 2.6 percent on a yearly basis to 28.9 billion yuan ($4.5 billion) last year. In a filing to the Shenzhen Stock Exchange, the lender said revenue grew by 11.3 percent on a yearly basis to 153.5 billion yuan. By the end of 2020, the bank's nonperforming loan ratio stood at 1.18 percent, down by 0.47 percentage point from a year earlier.

Xinhua