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Top 3 most profitable companies in China

Top 3 most profitable companies in China
China has become the center of development of the global economy, and Chinese companies have shown excellent financial performance in recent years.
Fortune magazine ranked the 500 largest Chinese companies.
The joint profit of China's three most profitable companies reached 1.46 trillion yuan, accounting for 40.3% of the total benefit of all companies, the study said.
Below we will talk about the three most profitable companies in China.
3rd place: China Construction Bank
China Construction Bank is one of the largest banks in China.
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The China Construction Bank network has 14,925 branches in mainland China, as well as ten branches outside (in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, Sydney, Taipei, New York, and Ho Chi Minh City).
And a number of subsidiary banks, such as CCB Principal Asset Management (asset management services), CCB Financial Leasing (lending), CCB Trust (trust fund), CCB Life (insurance), Sino-German Bausparkasse (Sino-German building society), CCB Asia (Asia), CCB London (UK subsidiary), CCB Russia (Russian subsidiary), CCB Dubai (Dubai subsidiary) and CCB International.
2nd place: Bank of China
Bank of China is a Chinese financial group formed based on the oldest of the current Chinese banks. Headquarters - in Beijing.

https://preview.redd.it/q3t6ctels0g31.png?width=5000&format=png&auto=webp&s=a4867c8145eec436df553bbe830a9e65d49d6193
The main activity is commercial banking; it accounts for 90% of operating profit; this area includes corporate banking (42%), private banking (33%) and treasury operations (15%).
The main region of activity is in mainland China (PRC, excluding Hong Kong and Macau). Hong Kong, Macau, and Taiwan account for 17% of assets and 23% of operating profit.
The group's overseas network consists of 545 branches in 53 countries, the most significant presence in Canada, the UK, and Singapore.
1st place: Industrial and Commercial Bank of China
ICBC is China's largest commercial bank. The company enters the Big Four of the largest state-owned banks in China (along with Bank of China, Agricultural Bank of China and China Construction Bank).
https://preview.redd.it/qdbtqequq0g31.png?width=1015&format=png&auto=webp&s=f516b5afcf2a1455d9530a34f586b85ae6faa919
The PRC government owns the majority stake through several state-owned investment companies. In general, ICBC has more than 500 thousand shareholders.
ICBC controls a fifth of China's banking sector.
The main region of activity is the People's Republic of China: it accounts for more than 90% of the bank's revenue and assets (with half of the foreign activity accounted for by the special administrative regions of the PRC of Hong Kong and Macau).
The bank's overseas network includes 419 organizations in 45 countries and is also present in 20 more African countries through partnership with the South African Standard Bank.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Apple banned cryptocurrencies purchasing for the Apple Card

Apple banned cryptocurrencies purchasing for the Apple Card
Users of the Apple Card, developed by Apple in partnership with Goldman Sachs investment bank and Mastercard, will not be able to buy cryptocurrency. Also, they can’t purchase casino gaming chips and lottery tickets, as well as betting on sweepstakes, the user agreement says.
https://preview.redd.it/z3t48wvu5ne31.jpg?width=740&format=pjpg&auto=webp&s=0d7d4574bc48abce718ae1cfdfd91d35dd3a63eb
According to the document, users are not allowed to use the Apple Card to receive cash loans and cash equivalents, along with “any illegal activity, including gambling on domestic or international websites or the purchase of illegal products or services.”
In particular, Goldman Sachs equates “the purchase of traveler’s checks, foreign currency or cryptocurrency” to the acquisition of cash equivalents.
It should be noted that Apple introduced the Apple Card in March 2019. You will be able to release a virtual card - and within a few minutes, it will be active thanks to Apple Wallet app.
You can pay with the card wherever Apple Pay works. For Apple Card users, there will be no annual fees, late fees, or fees for exceeding the limit. Also, the service involves the accrual of cashback - 2% of any purchases and 3% of purchases in Apple services.
Apple management noted that the company will not be aware of how much you spend and what you buy, so this data will not be available to third parties.
The application allows you to track statistics on purchasing, automatically distributing it into categories and adding the address where the purchase was made. The app uses artificial intelligence and geolocation data from Apple Maps for statistics. Later, Apple CEO Tim Cook announced that the Apple Card would appear in the US in August 2019.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Giving a tech talk about Bitcoin to my company

So the internet company I just started working for has occasional hour long tech talks and a slot opened up this week. I offered to give a talk about Bitcoin. There's a lot of interest already, partly because I'm new and partly because btc is so hot right now.
Reddit, I would like your help with making this awesome. Below are my scribbly notes of the high points I'd like to hit. ANything I am missing? Since it is only an hour I cannot go into too much detail (and I am far from an expert in the protocol, but the best way to learn something is to teach it!)
I was going to call it:
Bitcoin: VIRES IN NUMERIS - in numbers we trust
Show the vimeo video: http://vimeo.com/63502573
PROTOCOL
MINING
EXCHANGES
WALLETS
USAGE
submitted by supership79 to Bitcoin [link] [comments]

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