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China's big banks set for hard slog as margins fall

They also face increased sour debt, even as rate cuts eat into interest income
Thursday, September 1, 2016 - 05:50

ICBC, China's biggest bank by assets, on Tuesday reported near flat half-year profits, and has written off 44.8 billion yuan of bad debt in the first half.


FOUR of China's so-called "Big Five" state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second- biggest economy hits borrowers and saps lenders' margins.

Chinese banks, among the world's

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