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Profits at Chinese banks could slide....>

CHINA PRESS
CHINA PRESS: Profits at Chinese banks could slide and some may post negative
growth this year, according to an article published by the PBOC's research
bureau on China Finance. Banks will face increasing pressure on non-performing
loan disposal and capital consumption as the difficulties in the real economy
are transmitted to the financial sector, the article said. Faced with this
scenario, banks should increase their provisions and supplement capital to
prepare for possible risks. Commercial banks achieved a net profit of CNY600.1
billion for the first quarter of 2020, an increase of 5% y/y compared with the
9.4% gain in Q1 2019. 

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