Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters
Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters

China’s biggest banks may follow HSBC in trimming dividend payout amid biggest earnings setback since 2008 crisis

  • A 10 per cent decline in earnings may result in zero dividend for bank investors, according to Jefferies
  • Some Chinese banks may have no room to raise fresh capital from the stock market if their price-to-book value ratios dip below one

Topic |   China economy
Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters
Industrial and Commercial Bank of China sets up a booth at the China International Fair for Trade in Services in September in Beijing. Photo: Reuters
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