Caixin OnlineFinance & EconomicsTop Stories Finance ABC Chair Discusses China's Banking Sector Profits
03.14.2012 19:43

ABC Chair Discusses China's Banking Sector Profits

Agricultural Bank of China Chair Jiang Chaoliang attributed the banking sector's breakneck pace of growth to rapid loan growth
By staff reporter Wen Xiu

(Beijing) – Even in the worst years, China's banks saw profits grow by impressive margins. Their annual reports have endeared shareholders, but angered those who believe the profits were ill-gotten.

In an exclusive interview with Caixin, Jiang Chaoliang, chairman of the Agricultural Bank of China, one of the big four state-owned lenders, said many factors contributed to the banking sector's growth.

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