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Economy

China's small-medium banks listed in Hong Kong Stock polarize in profits

September 05, 2018


Abstract : Recently, more than 10 of the small-medium sized banks listed in Hong Kong Exchange and Clearing Limited disclosed the semi-annual reports of 2018,some of the banks reached more than 50 percent of growth rate in net profit.

港交所

BEIJING, Sept.5 (Xinhua) --- More than 10 of domestic small-medium sized banks listed in Hong Kong Exchange and Clearing Limited have disclosed the semi-annual reports of 2018, showing a growing polarization in profit-making. 

According to these banks' fillings to the stock exchange, some banks  presented a strong profit-making capability, with a net profit growth rate topping 50 percent at the maximum. 

To be specific, Jiangxi bank achieved operating income of 5.337 billion yuan, up 22.35 percent in the first half of 2018, and its net profit attributed to the shareholders was 1.575 billion yuan, up 40.05 percent from the same period in last year.

Similarly, Bank of Jiujiang posted revenue of 3.495 billion yuan in the first half of 2018, up 32.1 percent year on year, and its net profit attributed to the shareholders totaled 1.036 billion yuan, up 52.5 percent from the same period in last year.

However, the net profit of Harbin Bank and Shengjing Bank in northeast of China decreased 2.03 percent to 2.606 billion yuan and 19 percent to 2.838 billion yuan, respectively, according to the semi-annual report. (Edited by Jiang Feifan,Niu Huizhe)

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Keyword: China-financial-market Stock-market

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