Solid bank profits lift China shares as investors eye easing of lockdowns [Reuters]
PetroChina Company Limited (PTR)
US:NYSE Investor Relations:
petrochina.com.cn/ptr/tzzgx/tzzgx.shtml
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Source: Reuters
Solid bank profits lift China shares as investors eye easing of lockdowns * China’s big banks report higher Q1 profits, lifting financials * China schedules annual parliamentary meeting for May 22 SHANGHAI, April 29 (Reuters) - China shares rose on Wednesday after top banks posted solid first-quarter profits, and as investors continue to look forward to an easing of lockdowns imposed to contain the new coronavirus outbreak. ** At the midday break, the Shanghai Composite index was up 0.46% at 2,823.09. The blue-chip CSI300 index was up 0.44%. ** China’s biggest banks reported higher profits in the first quarter despite the impact of the coronavirus pandemic, though net interest margins shrank. ** A CSI sub-index tracking banks outpaced the broader market’s gains, jumping 2.1%, and the CSI300 financials sub-index added 1.71%. ** The consumer staples sub-index fell 1.82%, the real estate index added 1.8% and the healthcare sub-index lost 0.77%. ** Investors are looking ahead to official
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