People walk past a branch of Industrial and Commercial Bank of China in Beijing, China, on Apr 1, 2019. SHANGHAI: The Industrial and Commercial Bank of China said on Thursday it will support moves underway in the world's second-largest economy to stabilise its property market.
Agricultural Bank of China Ltd , which reported its earnings on Thursday, posted a slightly sunnier 3.9 per cent increase in net profit in 2023. "The pressure on asset quality control is significant," said Yin Jiuyong, BoCom's vice president, adding that the bank"should step up risk control" of its property-sector related business.
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