State-owned Banks Cut Profit Expectations for 2013
(Beijing) – Four of the five state-owned banks have reduced their expectation for this year's profit growth, as banking reform continues and regulators keep a firm grip on credit supplies.
Only Agricultural Bank of China, the last of the five to list publicly, expects profit to grow at levels comparable with previous years because of a smaller base, executives from the five banks said in a recent industry meeting.
- Closer Look: Letting Foreign Investors Open Wholly Owned Hospitals Hardly a Cure-All
- Closer Look: Auto Industry Revved Up over Reports Rules for Imports May Change
- CNPC Pays CN$ 1 Bln To Finish Canadian Oil Sands Purchase
- Shipbuilders See More Vessel Orders, but Profits Not Trailing in Their Wake
- Chongqing Flood
- Back on Track
- Where is the money
- China Unicom Agrees to Host Tesla Rechargers at Its Branches
- Two Shanxi Officials with Troubled Pasts Now Graft Suspects Themselves
- Agricultural Bank's Chairman Said to Take Party Post in Jilin
- Sign up to receive our free daily newsletter
- Closer Look: Anti-Corruption Czar Makes Noteworthy Appearance at CPPCC Meeting
- Retired NDRC Pricing Official 'Detained at Beijing Airport'
- Haier's New Look: 'Micro-Enterprise' Platform
- Cyanide Found in Dog Meat Sold to Restaurants, Zhejiang Court Hears
- More Officials in Scandal-Hit Shanxi Come under CDIC Scrutiny
- Former Auditor at China Resources Group 'Detained by Police'
- No Free Rides in Iraq
- Why Anti-Monopoly Investigations Are Happening Now
- Vanke Tries Promotion with Taobao amid Slowing Sales
- Baidu Disconnects from Its Plan to Join Gov't Telecoms Pilot