Source:
https://scmp.com/business/banking-finance/article/1224191/profits-rise-mainland-china-banks-headwinds-hit-growthBanking & Finance
Profits rise at mainland China banks but headwinds hit growth
China's economic slowdown cuts earnings growth from pace of recent years
At ICBC, profit growth beat the 10 per cent expected by many analysts, but slowed from the 14.5 per cent rate of all of last year.
The mainland's three largest banks yesterday posted first-quarter growth in net profit ranging from just over 8 per cent to almost 16 per cent year on year.