A residential area under a Covid-19 lockdown in the Huangpu district of Shanghai is seen in this file photo from June 16. The same month, Beijing called on policy lenders to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects to bolster an economy battered by such lockdowns. Photo: AFP
A residential area under a Covid-19 lockdown in the Huangpu district of Shanghai is seen in this file photo from June 16. The same month, Beijing called on policy lenders to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects to bolster an economy battered by such lockdowns. Photo: AFP

Chinese banks set to report first-half profit growth, as infrastructure lending cushions impact of Covid-19 lockdowns

  • The six leading state-owned banks will begin releasing their first-half results over the next two weeks
  • Banks should be able to shrug off the impact of sluggish loan demand from small businesses and property sector woes, Jefferies analyst says

A residential area under a Covid-19 lockdown in the Huangpu district of Shanghai is seen in this file photo from June 16. The same month, Beijing called on policy lenders to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects to bolster an economy battered by such lockdowns. Photo: AFP
A residential area under a Covid-19 lockdown in the Huangpu district of Shanghai is seen in this file photo from June 16. The same month, Beijing called on policy lenders to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects to bolster an economy battered by such lockdowns. Photo: AFP
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