Chinese banks set to report strong third-quarter profit as wealth management fees, loans growth outweigh exposure to troubled property developers

Source: China – South China Morning PostChinese banks are likely to report profit growth of around 10 per cent for the third quarter, as strong income from fees and steady loan growth more than offset any exposure to the embattled property market.While the liquidity crunch at troubled developers such as China Evergrande, Fantasia Holdings Group and Sinic Holdings Group will probably start to show up on their loan books, most analysts said the exposure of banks to the sector remains limited and therefore unlikely to weigh on their non…Read More

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