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Bank of Communications Co., Ltd. (BKFCF)
- Reuters
China's big banks post Q3 profit gains, squeeze on net interest margins
China's largest lenders posted increases in their third-quarter profits on Wednesday, mostly on reduced provisions, with slimmer net interest margins for some. The frontrunner was Agricultural Bank of China Ltd (AgBank), which reported a 5.88% rise in third-quarter net profit. AgBank, Industrial and Commercial Bank of China Ltd (ICBC) and China Construction Bank Corp (CCB) all posted sluggish growth or a drop in pre-provisions operating income, indicating the banks reduced provisions to boost net profit growth.
- Simply Wall St.
Top SEHK Dividend Stocks To Watch In October 2024
In October 2024, the Hong Kong market has experienced significant volatility, with the Hang Seng Index seeing a notable decline amid concerns over China's economic stimulus measures. As investors navigate these uncertain times, dividend stocks on the Stock Exchange of Hong Kong (SEHK) present an attractive option for those seeking steady income streams and potential stability in their portfolios.
