China Minsheng Banking : 2016 Net Profit CNY47.84 Billion

HONG KONG--China Minsheng Banking Corp. Ltd. (1988.HK) late Thursday reported a 3.8% rise in its 2016 net profit amid steady operating income. The Chinese bank said net profit for the year ended Dec. 31 rose to 47.84 billion yuan (US$6.94 billion) from ... ( read original story ...)

After 2016 squeeze, some top China banks set for stronger growth

"The trend is promising," Yi Huiman, Chairman of Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest lender, said on Thursday, citing the impact of broad economic recovery. Pricing for loans is stabilising and may even pick up as the ... ( read original story ...)

China’s Tectonic Shift in Bank Funding

Ghosts of financial crises past rarely revisit in exactly the same way. Still, stresses looming in China’s behemoth banking system eerily resemble the ones its U.S. counterpart suffered just ahead of its meltdown a decade ago. They can be seen in this ... ( read original story ...)

China's big banks say bad-loan fears eased in 2016

Bad-loan concerns at China's big banks eased in 2016 despite flat earnings growth, the companies said this week, but analysts warn asset-quality problems in the world's second-largest economy could worsen next year. Bank of China, the country's main ... ( read original story ...)

China factory index rises to highest in almost 5 years

HONG KONG — China's factory activity has ticked up again last month to its highest level in nearly five years, in a fresh sign the world's No. 2 economy is picking up steam. The official purchasing managers' index released Friday climbed to 51.8 in March ... ( read original story ...)