CITIC Securities says China’s listed banks have started earnings season with
stable operating profiles—NIM and asset quality steady and profit growth
modestly recovering. More banks report this week and results are expected
broadly in line with consensus. The firm notes the sector delivered both
absolute and relative gains last week, outperforming most industries, and
expects core Q3 variables (NIM, asset quality) to remain stable, supporting a
continued earnings-recovery trend and likely persistence of full-year absolute
returns.
