Econ and Finance - 07 Aug 2020

China’s big banks look to slash budgets

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China’s banks are in cost cutting mode – and they are having to get creative.

On Thursday, domestic financial media reported that CITIC Group had called for a reduction in administrative expenses of at least 10%(excluding labor costs, depreciation, and amortization).

Some context: Analysts ha...

Snuh-ohez.

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