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Chinese financials to post sluggish Q4 earnings

(chinadaily.com.cn)
Updated: 2009-03-17 16:42

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China's banks, relatively insulated from the ravages of the global downturn, are set to report sluggish profits for the final quarter of 2008 and face tighter margins this year on lower interest rates.

The country's major insurers, meanwhile, are expected to report sharp falls in 2008 profit as a nearly 70 percent slump in domestic stocks battered investment returns, although this year's outlook is brighter thanks to a rebound in the stock market and growth in premiums ...

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