China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs_老虎社区_美港股上老虎

China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs

Bloomberg2021-04-29

China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic. Industrial & ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Jazling
·2021-04-29
Comment pls
回复
点赞
举报
HLPA
·2021-04-29
Great news indeed
回复
2
举报
收起
- PEHPEH:
  May BOC huat!
  2021-04-29
  回复
  举报
HENGJR
·2021-04-29
interesting
回复
1
举报
收起
- HENGJR:
  nice
  2021-04-29
  回复
  举报
ENAHSHANE
·2021-04-29
Ok
回复
2
举报
MC1234
·2021-04-29
Ok
回复
点赞
举报
Junpani
·2021-04-29
[微笑]
回复
2
举报
stradidarius
·2021-04-29
That's unfortunate
回复
1
举报
收起
- TheOneeee:
  Yeh it is
  2021-04-29
  回复
  举报
nch777
·2021-04-29
[Miser]
回复
点赞
举报
Elfreid
·2021-04-29
Like and comment please
回复
4
举报
收起
- stradidarius:
  Great!
  2021-04-29
  回复
  举报
- Jazling:
  Comment pls
  2021-04-29
  回复
  举报
Back2basics
·2021-04-29
Hope all is good
回复
点赞
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1169393759?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-04-29 18:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169393759","market":"sh","top_or_hot":-1,"title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","media":"Bloomberg","content":"<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">网页链接</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03988","symbol_name":"中国银行","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","article_id":"1169393759","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","pubTimestamp":1619690536,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"translate_title":"中国最大的银行利润增长低于3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601988":0.9,"03988":0.9},"content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":109223845,"gmtCreate":1619701330787,"gmtModify":1634210618021,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3566821013640470","authorIdStr":"3566821013640470"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109223845","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109205635,"gmtCreate":1619697100527,"gmtModify":1634210657560,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3569274903458035","authorIdStr":"3569274903458035"},"htmlText":"Great news indeed","listText":"Great news indeed","text":"Great news indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109205635","repostId":1169393759,"repostType":2,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4173703,"gmtCreate":1619710138224,"gmtModify":1635507907655,"authorId":3568799656541576,"author":{"id":3568799656541576,"idStr":"3568799656541576","authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109205635,"type":1,"supId":0,"prevId":0,"content":" May BOC huat!","text":" May BOC huat!","html":" May BOC huat!"}],"langContent":"EN"},{"id":109657258,"gmtCreate":1619694691774,"gmtModify":1634210677132,"author":{"id":"3578460931764306","authorId":"3578460931764306","name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578460931764306","authorIdStr":"3578460931764306"},"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109657258","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4171165,"gmtCreate":1619694704131,"gmtModify":1635508097949,"authorId":3578460931764306,"author":{"id":3578460931764306,"idStr":"3578460931764306","authorId":3578460931764306,"name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109657258,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":109652722,"gmtCreate":1619694426666,"gmtModify":1634210679029,"author":{"id":"3570938778601887","authorId":"3570938778601887","name":"ENAHSHANE","avatar":"https://static.tigerbbs.com/4826b7f9114514b02002820348f8e822","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570938778601887","authorIdStr":"3570938778601887"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109652722","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109625008,"gmtCreate":1619693494404,"gmtModify":1634210685040,"author":{"id":"3581994284844171","authorId":"3581994284844171","name":"MC1234","avatar":"https://static.tigerbbs.com/9220318ba964b295f1cd2bb2d16c4d2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581994284844171","authorIdStr":"3581994284844171"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109625008","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109668325,"gmtCreate":1619692146567,"gmtModify":1634210693158,"author":{"id":"3582059874598092","authorId":"3582059874598092","name":"Junpani","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582059874598092","authorIdStr":"3582059874598092"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109668325","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":109684664,"gmtCreate":1619691407258,"gmtModify":1634210696735,"author":{"id":"3579237426606717","authorId":"3579237426606717","name":"stradidarius","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579237426606717","authorIdStr":"3579237426606717"},"htmlText":"That's unfortunate","listText":"That's unfortunate","text":"That's unfortunate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109684664","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4170926,"gmtCreate":1619691924721,"gmtModify":1635508115249,"authorId":3573731031209763,"author":{"id":3573731031209763,"idStr":"3573731031209763","authorId":3573731031209763,"name":"TheOneeee","avatar":"https://static.tigerbbs.com/9d5758738e99f8c2924ceb750474d825","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109684664,"type":1,"supId":0,"prevId":0,"content":"Yeh it is","text":"Yeh it is","html":"Yeh it is"}],"langContent":"EN"},{"id":109686522,"gmtCreate":1619691221266,"gmtModify":1634210698523,"author":{"id":"3569026075543071","authorId":"3569026075543071","name":"nch777","avatar":"https://static.tigerbbs.com/1a55540cb103b2890f43ffcb3394b67d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569026075543071","authorIdStr":"3569026075543071"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109686522","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109688069,"gmtCreate":1619691074551,"gmtModify":1634210699216,"author":{"id":"3579771412240335","authorId":"3579771412240335","name":"Elfreid","avatar":"https://static.tigerbbs.com/e12348adbd5cebbdc252ca124f8825d5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579771412240335","authorIdStr":"3579771412240335"},"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109688069","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4170884,"gmtCreate":1619691429906,"gmtModify":1635508118723,"authorId":3579237426606717,"author":{"id":3579237426606717,"idStr":"3579237426606717","authorId":3579237426606717,"name":"stradidarius","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109688069,"type":1,"supId":0,"prevId":0,"content":"Great!","text":"Great!","html":"Great!"},{"id":4172009,"gmtCreate":1619701325866,"gmtModify":1635508028347,"authorId":3566821013640470,"author":{"id":3566821013640470,"idStr":"3566821013640470","authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109688069,"type":1,"supId":0,"prevId":0,"content":"Comment pls","text":"Comment pls","html":"Comment pls"}],"langContent":"EN"},{"id":109683645,"gmtCreate":1619690853887,"gmtModify":1631884328549,"author":{"id":"3582228981588450","authorId":"3582228981588450","name":"Back2basics","avatar":"https://static.tigerbbs.com/40423ef2fa372cda9b040f4be8c951d7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582228981588450","authorIdStr":"3582228981588450"},"htmlText":"Hope all is good","listText":"Hope all is good","text":"Hope all is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109683645","repostId":1169393759,"repostType":4,"repost":{"id":"1169393759","kind":"news","pubTimestamp":1619690536,"share":"https://www.laohu8.com/m/news/1169393759?lang=&edition=full","pubTime":"2021-04-29 18:02","market":"hk","language":"en","title":"China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169393759","media":"Bloomberg","summary":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leanin","content":"<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.</p>\n<p>Industrial &amp; Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.</p>\n<p>Last year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.</p>\n<p>Even so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.</p>\n<p>“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”</p>\n<p>The rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.</p>\n<p>Chinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.</p>\n<p>Bank Loans Growing Faster</p>\n<p>Although PBOC wants to contain lending this year at the same level as 2020</p>\n<p>Source: People's Bank of China, Bloomberg reporting</p>\n<p>Appetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Biggest Banks Post Profit Gains Below 3% Amid Curbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Biggest Banks Post Profit Gains Below 3% Amid Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601988":"中国银行","03988":"中国银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-29/bank-of-communications-posts-2-3-gain-in-first-quarter-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169393759","content_text":"China’s biggest banks posted profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.\nIndustrial & Commercial Bank of China Ltd., the world’s biggest bank by assets, reported a 1.46% gain in profit in period. Its smaller rivals includingBank of Communications Co.,Agricultural Bank of China Ltd.,Bank of China Ltd.andChina Construction Bank Corp.all saw profit increases of below 3%. All except Bank of China were weighed down by rising loan losses.\nLast year’s stimulus pushed China’s debt to almost 280% of annual economic output, the highest ratio since Bloomberg started compiling the data in 2014. The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, people familiar with the matter have said.\nEven so, Chinese banks benefited from the nation’s record-breaking 18.3% economic expansion in the first quarter after being put on the front-line in helping millions of struggling businesses hurt by the pandemic last year. They are now shifting focus to more prudent credit growth and internal controls as policy makers have renewed a campaign to restrain leverage and curb risks, especially in the closely managed financial and real estate sectors.\n“The direct impact and indirect impact from Covid-19 are clearing off,” Daiwa Capital Markets analysts Leon Qi and Susie Liu wrote in a recent note. “A ‘pro-risk-containment’ regulatory stance bodes well for credit demand coming back to the official banking system, and hence loan pricing.”\nThe rising loan losses contrast with foreign rivals such as HSBC Holdings Plc, which saw impairments plunge in the first quarter. Chinese regulator CBIRC said this month that the banking industry set aside provisions of 440 billion yuan ($68 billion) in the first quarter, taking the total loan-loss reserves to 6.6 trillion yuan. That has helped them strengthen risk management capability.\nChinese banks advanced 7.67 trillion yuan of new loans in the first quarter. That was 8% more than for the same period last year, when authorities flooded the market with cheap liquidity to help companies through the initial pandemic lockdown.\nBank Loans Growing Faster\nAlthough PBOC wants to contain lending this year at the same level as 2020\nSource: People's Bank of China, Bloomberg reporting\nAppetite for Chinese bank stocks, long regarded as perennial laggards, has grown since late last year as investors hunt for cheaper parts of the market to escape stimulus-fueled valuations. The CSI 300 Banks Index has climbed 12% in the first quarter and traded near the highest in 14 years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":33,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}