China Construction Bank<\/a>, the other state-owned bank listed on the Hong Kong and Shanghai stock markets, said profit in the first quarter reached Rmb32.1bn. It did not report first-quarter earnings last year and did not provide a comparison. All three banks benefited from a reduction in the country\u2019s corporate tax rate from 33 per cent to 25 per cent that came into effect on January 1.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"From the Financial Times: China\u2019s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite. Industrial and Commercial Bank of China, the country\u2019s largest lender, lifted net profit by 77 per […]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[5897,2356,3178,388],"class_list":["post-19733","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bank-of-china","tag-china-construction-bank","tag-icbc","tag-stock-market","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
Chinese Banks Report Leap in Profits<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Banks Report Leap in Profits\" \/>\n<meta property=\"og:description\" content=\"From the Financial Times: China\u2019s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite. Industrial and Commercial Bank of China, the country\u2019s largest lender, lifted net profit by 77 per […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2008-04-30T17:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2008-04-30T17:22:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kate Zhao\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kate Zhao\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\"},\"author\":{\"name\":\"Kate Zhao\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/dc4c77d136cf2d5be96c8e11f47f45d1\"},\"headline\":\"Chinese Banks Report Leap in Profits\",\"datePublished\":\"2008-04-30T17:16:12+00:00\",\"dateModified\":\"2008-04-30T17:22:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\"},\"wordCount\":152,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"Bank of China\",\"china construction bank\",\"ICBC\",\"stock market\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\",\"name\":\"Chinese Banks Report Leap in Profits\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2008-04-30T17:16:12+00:00\",\"dateModified\":\"2008-04-30T17:22:31+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Banks Report Leap in Profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/dc4c77d136cf2d5be96c8e11f47f45d1\",\"name\":\"Kate Zhao\",\"description\":\"Kate Zhao graduated from the Graduate School of Communication at Zhejiang University, with a major in cross-culture communication. She has worked as both a full-time and part-time business reporter at various Chinese media such as China Business, China Marketing, New Marketing, and 21st Century Business Herald. She also worked as a public relations manager for Crest brand at P&G Greater China in Guangzhou.\",\"sameAs\":[\"http:\/\/\"],\"url\":\"https:\/\/chinadigitaltimes.net\/author\/kate-zhao\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chinese Banks Report Leap in Profits","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Banks Report Leap in Profits","og_description":"From the Financial Times: China\u2019s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite. Industrial and Commercial Bank of China, the country\u2019s largest lender, lifted net profit by 77 per […]","og_url":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2008-04-30T17:16:12+00:00","article_modified_time":"2008-04-30T17:22:31+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Kate Zhao","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Kate Zhao","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/"},"author":{"name":"Kate Zhao","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/dc4c77d136cf2d5be96c8e11f47f45d1"},"headline":"Chinese Banks Report Leap in Profits","datePublished":"2008-04-30T17:16:12+00:00","dateModified":"2008-04-30T17:22:31+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/"},"wordCount":152,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["Bank of China","china construction bank","ICBC","stock market"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/","url":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/","name":"Chinese Banks Report Leap in Profits","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2008-04-30T17:16:12+00:00","dateModified":"2008-04-30T17:22:31+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2008\/04\/chinese-banks-report-leap-in-profits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"Chinese Banks Report Leap in Profits"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/dc4c77d136cf2d5be96c8e11f47f45d1","name":"Kate Zhao","description":"Kate Zhao graduated from the Graduate School of Communication at Zhejiang University, with a major in cross-culture communication. She has worked as both a full-time and part-time business reporter at various Chinese media such as China Business, China Marketing, New Marketing, and 21st Century Business Herald. She also worked as a public relations manager for Crest brand at P&G Greater China in Guangzhou.","sameAs":["http:\/\/"],"url":"https:\/\/chinadigitaltimes.net\/author\/kate-zhao\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/19733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=19733"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/19733\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=19733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=19733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=19733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}