China Banks Earnings in Line with Estimates

Analysts see larger banks to continue credit quality improvement despite liquidity tightening. 

Kate Lin, CAIA 14 September, 2021 | 9:57
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The “Big Four” banks in China, namely the Industrial and Commercial Bank of China (01398), China Construction Bank Corporation (00939), Agricultural Bank of China (01288) and Bank of China (601988), reported the first-half earnings that are in line with our analyst estimates.

“The net profit growth of these banks over the first six months is generally in line with our estimates. This is given the policy tightening arrived ahead of the fourth quarter, the previously anticipated timeline,” says Iris Tan, senior equity analyst at Morningstar.

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About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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