TREE NEWS reports: Five major state-owned banks’ AICs reported a sharp collective rise in H1 net profit, totaling 17.349 billion yuan, up about 1.4 times year-on-year. CCB Investment saw a nearly five-fold increase. Four newly established AICs, including CITIC and CMB, also turned profitable in the period.
China’s 9 bank AICs see H1 profit surge; new entrants turn profitable
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