Keeping up appearances is about to get harder for China's banks and the sector's regulator, says Heard on the Street. Third quarter profits at the top four listed banks rose on year, despite a sharp narrowing of net interest margins; so profits are... ...full story at China Journal
from China Journal on Mon, Nov 02 2009
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Market Report - Asian Shares Ignore China Cut »
YouTube video WONG:
Asia stock markets retreated for a third straight day today as more investors locked in profits on the year-end rally and prepared to close their books ignoring a rate cut by China.
The People's Bank of China eased interest rates by a quarter of a... |
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Chinese banks warned of bad loans, shrinking profits » People's Daily Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned. China Banking Regulatory Commission Vice... |
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China's iron, steel industry posts 45% rise in 2007 profits » People's Daily Iron and steel producers' profits rose an estimated 45 percent last year, buoyed by a booming economy and strong international demand, but surging production costs reduced margins, an industry group said. Profits hit a record 190 bi ... |
| 14 Apr 09 |
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China's banks take number one spot in 2008 net profits » People's Daily China's banking industry snatched the world's number one spot in 2008 with net profits growing 30.6 percent year on year to reach 583.4 billion yuan, the People's Daily reported on Monday. Chinese banks also lead the global banking industry in... |
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Banks show rosy profit rise in 2008 » People's Daily The global economic crisis has not taken a big toll on China's banking industry as its lenders have cumulatively posted after-tax profits of 583 billion yuan in 2008, the country's banking regulator said yesterday. The profits showed a growth of 30.6... |