CHINA

China flags top state financial firms for tax evasion, improper loans

Industrial and Commercial Bank of China (ICBC) reported a 3.31% rise in first-quarter net profit year on year, hitting 86.941 billion yuan (S$16.2 billion).

China’s largest lenders’ first-quarter profit up over 3%, sour loan ratios steady

The proceeds from special government bonds sale will be injected into state-controlled firms including China Life Insurance Group.

China plans 200 billion yuan capital injection into biggest insurers: sources

Chinese banks are grappling with shrinking profit margins as they are urged by the government to support a slowing economy.

Major Chinese banks cut high-yield deposit products to ease margin pressure

Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, reported a 3.29 per cent rise in third-quarter net profit.

China’s largest banks report steady profits, but margins shrink

China's 10-year government bond yield has fallen steadily in the past few years to about 1.66 per cent, around a record low.

China banks cut deposit rates to aid margins, drive spending

Industrial and Commercial Bank of China (ICBC), the world’s largest lender by assets, posting first-quarter profit drops of 4 per cent from a year before.

China’s Big Five banks post slimmer margins as economic challenges persist

Enlisted to support the economy over the past few years, lenders such as Agricultural Bank and Postal Savings are now battling record low margins, sinking profits and rising bad debt.

China to start bank recapitalisation with at least 400 billion yuan

Agricultural Bank of China (AgBank) led profit gains among China’s largest lenders on Wednesday (Oct 30), posting a 5.88 percent increase in third-quarter net profit.

China’s big banks post rise in Q3 profits, squeeze on NIM

The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for two decades.

China’s top banks to tweak mortgage rates to boost housing market