The fall in Chinese banks’ profits will accelerate in 2H20 as the authorities target to more than double the amount of non-performing loans (NPL) resolved compared with the first half of the year, Fitch Ratings says. Chinese banks reported their aggregate net profit fell 9.4% yoy in 1H20 to CNY1...
https://www.hellenicshippingnews.com/chinese-banks-profit-decline-to-worsen-in-2h20/