China Major Banks Post Fastest Profit Growth in Years
Five of Chinas largest state-owned banks reported quarterly profit growth between 6% and 11% in the third quarter. The rebound was supported by stabilising net interest margins and steadier asset quality despite economic headwinds.
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Five of China's largest state-backed lenders posted quarterly profit growth ranging from 6% to 11% during the third quarter. The performance marks their fastest expansion since 2021 or 2022, driven by stabilizing net interest margins.
