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Among 42 A-share listed Chinese banks, 10 lenders cut the allowance for loan impairment losses to nonperforming loans in the first quarter, as China urged large and quality banks to release funds to step up support for the real economy.
China Merchants Bank (OTCMKTS:CIHKY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports. According to Zacks, “China Merchants Bank Co., Ltd. is engaged in providing corporate and retail banking products and services primarily in China. Its services include […]