First-quarter profit falls 3.7% as pressure on lenders persists
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China’s commercial banks came under continued pressure in the first quarter as net interest margin (NIM) fell to a record low.
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All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.
Beijing is forcing a steep cut in borrowing costs across its multi-trillion yuan consumer credit market and dismantling the core…
Strong corporate lending supports overall credit despite weak consumer demand
Weak household borrowing and rising bond financing underscore shifting credit dynamics in the world’s second-largest economy
After a years-long real estate slump, many smaller lenders have found themselves saddled with a portfolio of distressed assets…
China's central bank kept its benchmark lending rates unchanged as Beijing manages a balancing act of supporting a slowing…
