中国银行业-财报季需关注的五大核心主题-China Banks_ 5 key themes to watch during earnings season

11 March 2026 | 7:37PM HKT Equity Research CHINA BANKS 5 key themes to watch during earnings season We expect average PPOP and profit growth for our covered banks in 4Q25 to be 4%/3%. As some banks have already released preliminary results (see CMB, BONB, BONJ, Industrial), we believe the focus for the results will be more on the details in the annual reports and the core themes for the banking sector, which are primarily: We expect the overall revenue growth for banks to improve in 2026, but with divergenc ...