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Chinese commercial banks are likely to see their profits grow by around 3 percent in both the second and third quarters of 2021, forecast the Bank of China Research Institute in a recent report.   In the first half of the year, obvious signs of improvement were seen in the profitability of China s banking sector, while the asset quality was stable, said the report.   Net profits of Chinese commercial banks in the first quarter rose 2.4 percent year on year to total 614.3 billion yuan (about 95.07 billion U.S. dollars), earlier data from the China Banking and Insurance Regulatory Commission showed.   The research institute also predicted that the sector will present a better growth trend in profits and strong risk offset ability in the third quarter.

Wang suChina research instituteInsurance regulatory commissionChina bankingவாங் சுசீனா ஆராய்ச்சி நிறுவனம்காப்பீடு ஒழுங்குமுறை தரகுசீனா வங்கி