China’s 6 biggest state banks post rare shared growth as margins show tentative rebound

China’s six largest state-owned banks recorded their first simultaneous rise in first-half revenue and net profit since 2022, according to interim results released last week, as margins that had been under pressure for two years showed tentative signs of stabilising.China" class="entity-link entity-organization" data-entity-id="194420" data-entity-type="organization">Industrial and Commercial China" class="entity-link entity-organization" data-entity-id="26029" data-entity-type="organization">Bank of China (ICBC), China-construction-bank" class="entity-link entity-organization" data-entity-id="23880" data-entity-type="organization">China Construction Bank (CCB), China" class="entity-link entity-organization" data-entity-id="45445" data-entity-type="organization">Agricultural China" class="entity-link entity-organization" data-entity-id="26029" data-entity-type="organization">Bank of China (ABC), China" class="entity-link entity-organization" data-entity-id="26029" data-entity-type="organization">Bank of China (BOC), Bank of Communications (Bocom) and China" class="entity-link entity-organization" data-entity-id="100427" data-entity-type="organization">Postal Savings China" class="entity-link entity-organization" data-entity-id="26029" data-entity-type="organization">Bank of China (PSBC) together generated more than 2 trillion yuan (US$297 billion) in operating income for the first half.Combined net profit attributable to shareholders amounted to about 712.6 billion yuan. revenue grew between 4 and 11 per cent across the six lenders, while net profit rose 4 to 6 per cent – the first time since 2022 that all six registered positive growth on both counts at the same time.