Econ and Finance - 11 Aug 2020

Bank profits tank in Q2

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The banking regulator (CBIRC) dropped the latest stats for the banking system on Monday.

The headline:As you might expect, bank profitability dropped through the floor in Q2 2020 (Caixin).

“China’s commercial banks reported a 9.4% decline in first half net profits to 1 trillion yuan ($143 bil...


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