Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. probably saw earnings impacted by weaker loan demand amid limited government stimulus and a sluggish economy.
“More mortgages and consumer loans could turn bad on a housing slump, US tariffs and domestic deflation, even as corporate loan quality appears resilient,” according to Bloomberg Intelligence analysts Francis Chan and Nicholas Ng. First-half results may indicate muted earnings for the rest of the year, they added.