China reports Apr RMB balance of loan CNY280.5T, +5.6% y/y; StreetAccount notes (1.6 p.p.) lower than same period last year
StreetAccount Summary - Trading higher/lower: China mid-morning
Agricultural Bank of China initiated buy at Sealand Securities (8-May, timing uncertain) (CNY 6.90, 0.00)
JPMorgan upgrades 1288.HK, 601288.CH
Agricultural Bank of China reports Q1 net income attributable CNY75.19B, +5% vs year-ago CNY71.93B (HK$6.17, 0.00)
China reports Mar RMB balance of loan CNY280.51T, +5.7% y/y; StreetAccount notes (1.7 p.p.) lower than same period last year
Chinese banks see NIM pressures easing, but outlook remains challenging:
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