China’s Mega Banks Post Increased Profits in First Quarter
China’s largest state-owned lenders reported increased first-quarter earnings, as the industry seeks to emerge from a protracted squeeze on profitability that has defined the sector’s performance for years.
By Charlie Zhu, Amanda Wang, Zheng Li · Bloomberg Markets
China’s largest state-owned lenders reported increased first-quarter earnings, as the industry seeks to emerge from a protracted squeeze on profitability that has defined the sector’s performance for years.