China banking profits seen as unsustainable

29 Oct 2009

The country’s three biggest banks reported hefty profit rises in the third quarter amid surging loan growth in the first half. But some observers say this momentum will end as Chinese authorities start to reign in lending.

It has been a good week for China’s banking industry as its three biggest players all reported healthy third-quarter profits on the back of a huge jump in lending growth.

However, the outlook for Chinese banks is less certain. Few observers expect loan growth to be sustained, with ...

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