China’s top four state players have eliminated a total of 22,260 jobs in the face of sluggish earnings in the first half of 2016, but the move has provided little relief. Photo: AFP

Chinese banks expected to see sluggish profit growth for 2016

Shrinking lending margins and slow progress in cleaning up bad loans erode the sector’s earnings but a manufacturing rebound helps brighten its prospect

Topic |   Hong Kong company reporting season

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China’s top four state players have eliminated a total of 22,260 jobs in the face of sluggish earnings in the first half of 2016, but the move has provided little relief. Photo: AFP
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