China’s big banks escape profit doldrums – ValueWalk Premium

China’s big banks escape profit doldrums

Two of China's big state-owned banks said Tuesday their profits rebounded in 2017 after a pair of moribund years thanks to an accelerating domestic economy, and analysts expect further gains as a government credit clampdown favours big lenders. The Industrial and Commercial Bank of China (ICBC), the world's biggest lender in terms of total assets, said…



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