Monday, April 12, 2021
Tags Chinese bank profits

Tag: Chinese bank profits

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...

Asset Quality of Chinese Banks Holds Steady at End of Q3, Profits Fall 8.3% YoY

The latest official data indicates that China's banking sector is holding up well in the wake of the COVID-19 pandemic.

Declining Profits of Chinese Bank Set to Continue in Second Half of 2020: Fitch Ratings

A new report from Fitch Ratings sees Chinese banks continue to post profit declines in the second half of 2020, after seeing...

Regional Lenders Drop Rates Below LPR Following Call for Chinese Banks to Sacrifice 1.5 Trillion Yuan in Profits

Chinese regional lenders are already cutting interest rates in response to calls from Beijing for the banking sector to sacrifice profits in...

Xinjiang Lender Slashes Dividend 20% Following Call for Chinese Banks to Curb Profits

A regional lender in Xinjiang province has just reduced its dividend payouts for 2019 by 20% following a call from the Chinese...

Profit Recovery Boosts Chinese Bank Valuations

Analysts have raised their price targets for China's biggest banks after they posted profit growth ahead of forecasts. The South China Morning Post reports that...

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