China's Six Largest State Banks Report First Simultaneous Revenue Growth Since 2022

China’s 6 biggest state banks post rare shared growth as margins show tentative rebound

China’s six largest state-owned banks recorded their first simultaneous rise in first-half revenue and net profit since 2022, according to interim results released last week, as margins that had been under pressure for two years showed tentative signs of stabilising. Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), Bank of Communications (Bocom) and Postal Savings Bank of China (PSBC) together generated more...

By Daisy Wu