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China banking analystCNBC
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91% Informative
China 's largest state-owned banks are likely to see their record low profit margins decline even further as Beijing 's broader stimulus package comes into play, analysts say.
Net interest margins ( NIM ) at China 's "Big 4" lenders fell by an average of around 20 basis points in the first nine months of 2024 from a year ago .
ICBC, the world's largest lender by asset, was the only major lender among the Big 4 that reported a flat NIM in the third quarter .
The recapitalization "needs to happen for Chinese banks to survive the lower net interest margin," an economist says.
The People's Bank of China Governor Pan Gongsheng said that the central bank planned to maintain supportive monetary policy.
The move, if implemented, would be the first time since 2008 when Beijing injected capital into its big banks.
VR Score
95
Informative language
98
Neutral language
61
Article tone
formal
Language
English
Language complexity
57
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
External references
5
Source diversity
5
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