China

Chinese banks’ earnings decline narrow, but retail NPLs could be an issue

Earnings of 16 large banks are 0.5% lower than in H1 2023.

Chinese banks’ earnings decline narrow, but retail NPLs could be an issue

Earnings of 16 large banks are 0.5% lower than in H1 2023.

China’s big four banks face $100b shortfall in loss-absorbing capital

The banks have not yet met their required loss-absorbing capacity levels.

Chinese small bank M&As to ramp up: Fitch

The lack of large banks in the mergers is to avoid contagion risks.

Hong Leong Bank may reduce China stake as investment pays off

Its group earnings edge on overreliance on the Bank of Chengdu’s contribution.

Ant Group unveils AI financial manager Maxiaoca

It has attracted 70 million monthly active users as of August 2024.

Mobile payments by tourists in China rise sixfold

The number of international tourists using mobile payment services quadrupled.

Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures

Banking subsidiary to manage “modest growth appetite” despite narrowing margins.

Bank of China to weather potential losses, asset quality strains: S&P

Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.

Agricultural Bank of China to withstand property crunch

Exposure to the mainland property sector has shrunk to 3.67% of its loan book.

Chinese banks’ assets, profits expand in Q2

Assets of large commercial banks expanded 7.9% during the quarter.

PwC loses Bank of China as client: report

Bank of China plans to appoint EY as its auditor for 2024.

Top banks’ market cap up 5.4% in Q2

China’s big four banks saw growth although NIMs fell.

Chinese banks must move from size reliance to sustain profits

Most struggle to diversify their income sources as they seek short-term growth.  

Mergers and closures loom for China's 3,800 rural banks

About 70 rural banks have already undergone mergers since 2023.

ANZ China’s outlook stable amidst strategic position

It is expected to maintain its capital buffer over the next two years.