Press "Enter" to skip to content

Chinese listed banks see profit grow at slower pace amid coronavirus outbreak

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

Profit generated by China’s listed banks continued to slow in the first quarter of the year, hurt by heightened macroeconomic uncertainties and the coronavirus pandemic.

Net profit of 36 listed banks that have disclosed earnings for the first three months totalled 496 billion yuan ($69.9 billion), rising 5.03 per cent from a year earlier, 2.35 percentage points slower than growth in the same period of 2019, according to the latest report from the . . .

To continue reading, please subscribe. You will get

  • ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
  • THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere. 
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
  • QUALITY MATTERS. We provide quality information to help intelligent and professional readers make informed decisions. 

 

FREE TRIAL FOR A WEEK cancel anytime

GRAB THE MID-YEAR SPECIAL OFFER !

SUBSCRIBE AT $0.5 A DAY! 

 

Contact us for group subscriptions: contact@yuantalks.com

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.

 

Already have an account? Sign In

Top