China’s five biggest banks are expected to unveil a worsening performance in a slew of business areas as the country’s economic slowdown and stagnant wages eat into quarterly earnings.
The banks, led by Industrial and Commercial Bank of China and China Construction Bank, dominate lending in the world’s second-largest economy, with combined assets of more than Rmb190tn ($26.5tn).
Analysts expect the five lenders to report rising consumer loan delinquencies in their second-quarter results on Friday, offering insight into the health of China’s financial system.
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