Industrial And Commercial Bank Of China Ltd Class A
601398: XSHG (CHN)
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China SOE Bank Earnings: Revenue Growth For First Time Since 2022; Margins Still Under Pressure
China's six state-owned enterprise banks reported first-half revenue growth of 0.8%-3.8% year on year, the best since 2022. Net profit performance diverged, ranging from a 1.4% decline to 2.7% growth, reflecting differences in loan-loss provisioning. Operating expenses were flat to slightly lower.
