7 d. ago Profitability pressure grows for China’s state banks amid low rates

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings. Net profit at Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, fell 1.4 per cent in the first half from a year earlier to 168.1 billion yuan (US$23.5 billion), according to its interim results announced on Friday after the market closed. Its net interest margin (NIM), a key indicator of a bank’s profitability, fell to 1.3...

Economics

9 d. ago China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Industrial profits declined 1.5 per cent last month from a year earlier, falling the least since they began shrinking in May, according to data released on Wednesday by the National Bureau of Statistics. For the first seven months of the year, earnings contracted 1.7 per cent year on...

Economics

9 d. ago China's industrial profits extend decline as demand, deflation woes take toll

China's industrial profits extend decline as demand, deflation woes take toll  Reuters

Politics

9 d. ago China’s Industrial Profits Extend Drop to Third Straight Month

China’s Industrial Profits Extend Drop to Third Straight Month  Bloomberg.com

Politics

9 d. ago China Industrial Profits Ease Drop With Crackdown on Price Wars

China Industrial Profits Ease Drop With Crackdown on Price Wars  Yahoo Finance

Economics

9 d. ago China's industrial profits slip 1.5% in July, slowest pace of decline in five months

China's industrial profits slip 1.5% in July, slowest pace of decline in five months  CNBC

Politics

9 d. ago China's industrial profits narrow declines to 1.5% in July as Beijing clamps down on price wars

China's industrial profits narrow declines to 1.5% in July as Beijing clamps down on price wars  CNBC

Economics