China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs

33
10
Favorite

China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs

Bloomberg2021-04-29

China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic. Industrial & ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（10）

Jazling
·2021-04-29
Comment pls
Reply
Like
Report
HLPA
·2021-04-29
Great news indeed
Reply
2
Report
Fold Replies
- PEHPEH:
  May BOC huat!
  2021-04-29
  Reply
  Report
HENGJR
·2021-04-29
interesting
Reply
1
Report
Fold Replies
- HENGJR:
  nice
  2021-04-29
  Reply
  Report
ENAHSHANE
·2021-04-29
Ok
Reply
2
Report
MC1234
·2021-04-29
Ok
Reply
Like
Report
Junpani
·2021-04-29
[微笑]
Reply
2
Report
stradidarius
·2021-04-29
That's unfortunate
Reply
1
Report
Fold Replies
- TheOneeee:
  Yeh it is
  2021-04-29
  Reply
  Report
nch777
·2021-04-29
[Miser]
Reply
Like
Report
Elfreid
·2021-04-29
Like and comment please
Reply
4
Report
Fold Replies
- Jazling:
  Comment pls
  2021-04-29
  Reply
  Report
- stradidarius:
  Great!
  2021-04-29
  Reply
  Report
Back2basics
·2021-04-29
Hope all is good
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1169393759?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-29 18:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169393759","market":"sh","top_or_hot":-1,"title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","media":"Bloomberg","content":"<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03988","symbol_name":"中国银行","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","article_id":"1169393759","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","pubTimestamp":1619690536,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"translate_title":"中国最大的银行利润增长低于3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601988":0.9,"03988":0.9},"content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":109223845,"gmtCreate":1619701330787,"gmtModify":1704728233963,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3566821013640470","authorIdStr":"3566821013640470"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109223845","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109205635,"gmtCreate":1619697100527,"gmtModify":1704728159385,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1,"idStr":"3569274903458035","authorIdStr":"3569274903458035"},"htmlText":"Great news indeed","listText":"Great news indeed","text":"Great news indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109205635","repostId":1169393759,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4173703,"gmtCreate":1619710138224,"gmtModify":1680786225287,"authorId":3568799656541576,"author":{"id":3568799656541576,"idStr":"3568799656541576","authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109205635,"type":1,"supId":0,"prevId":0,"content":" May BOC huat!","text":" May BOC huat!","html":" May BOC huat!"}],"langContent":"EN"},{"id":109657258,"gmtCreate":1619694691774,"gmtModify":1704728119884,"author":{"id":"3578460931764306","authorId":"3578460931764306","name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578460931764306","authorIdStr":"3578460931764306"},"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109657258","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4171165,"gmtCreate":1619694704131,"gmtModify":1680786187289,"authorId":3578460931764306,"author":{"id":3578460931764306,"idStr":"3578460931764306","authorId":3578460931764306,"name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109657258,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":109652722,"gmtCreate":1619694426666,"gmtModify":1704728116790,"author":{"id":"3570938778601887","authorId":"3570938778601887","name":"ENAHSHANE","avatar":"https://static.tigerbbs.com/4826b7f9114514b02002820348f8e822","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570938778601887","authorIdStr":"3570938778601887"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109652722","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109625008,"gmtCreate":1619693494404,"gmtModify":1704728103457,"author":{"id":"3581994284844171","authorId":"3581994284844171","name":"MC1234","avatar":"https://static.tigerbbs.com/9220318ba964b295f1cd2bb2d16c4d2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581994284844171","authorIdStr":"3581994284844171"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109625008","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109668325,"gmtCreate":1619692146567,"gmtModify":1704728085492,"author":{"id":"3582059874598092","authorId":"3582059874598092","name":"Junpani","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582059874598092","authorIdStr":"3582059874598092"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109668325","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":109684664,"gmtCreate":1619691407258,"gmtModify":1704728077072,"author":{"id":"3579237426606717","authorId":"3579237426606717","name":"stradidarius","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"3579237426606717","authorIdStr":"3579237426606717"},"htmlText":"That's unfortunate","listText":"That's unfortunate","text":"That's unfortunate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109684664","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4170926,"gmtCreate":1619691924721,"gmtModify":1680786180734,"authorId":3573731031209763,"author":{"id":3573731031209763,"idStr":"3573731031209763","authorId":3573731031209763,"name":"TheOneeee","avatar":"https://static.tigerbbs.com/9d5758738e99f8c2924ceb750474d825","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109684664,"type":1,"supId":0,"prevId":0,"content":"Yeh it is","text":"Yeh it is","html":"Yeh it is"}],"langContent":"EN"},{"id":109686522,"gmtCreate":1619691221266,"gmtModify":1704728073348,"author":{"id":"3569026075543071","authorId":"3569026075543071","name":"nch777","avatar":"https://static.tigerbbs.com/1a55540cb103b2890f43ffcb3394b67d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569026075543071","authorIdStr":"3569026075543071"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109686522","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109688069,"gmtCreate":1619691074551,"gmtModify":1704728071569,"author":{"id":"3579771412240335","authorId":"3579771412240335","name":"Elfreid","avatar":"https://static.tigerbbs.com/e12348adbd5cebbdc252ca124f8825d5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579771412240335","authorIdStr":"3579771412240335"},"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/109688069","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4172009,"gmtCreate":1619701325866,"gmtModify":1680786196869,"authorId":3566821013640470,"author":{"id":3566821013640470,"idStr":"3566821013640470","authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109688069,"type":1,"supId":0,"prevId":0,"content":"Comment pls","text":"Comment pls","html":"Comment pls"},{"id":4170884,"gmtCreate":1619691429906,"gmtModify":1680786179227,"authorId":3579237426606717,"author":{"id":3579237426606717,"idStr":"3579237426606717","authorId":3579237426606717,"name":"stradidarius","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109688069,"type":1,"supId":0,"prevId":0,"content":"Great!","text":"Great!","html":"Great!"}],"langContent":"EN"},{"id":109683645,"gmtCreate":1619690853887,"gmtModify":1704728069262,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"htmlText":"Hope all is good","listText":"Hope all is good","text":"Hope all is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109683645","repostId":1169393759,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":33,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}