中国银行业_2025 年上半年关键趋势及对下半年的影响-China Banks_ Key trends in 1H25 and implications for 2H25
16 September 2025 China Banks Equities Key trends in 1H25 and implications for 2H25 China Post mainland Chinese banks' 1H25 results (see: 1H25 results: a mild positive, but was it priced-in?, 1 Sep), we dive deeper into banks' results and management comments, and identify key trends that may have implications for the sector in 2H25: 1. State-owned banks outperformed joint-stock banks in volume: State-owned banks achieved noticeably faster loan growth in 1H25 over joint-stock banks, partly supported by rapid ...