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Chinese banks cautious on bad loans despite bumper profits

Prudent stance compares with analyst and investor confidence for turnaround

Pedestrians stroll along the Bund in Shanghai on March 4 with the Lujiazui financial district in Pudong in the background. China's largest banks have posted their biggest surge in quarterly profit in at least a decade but remain concerned about increases in bad debt.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- China's largest banks, after posting their biggest surge in quarterly profit since the aftermath of the global financial crisis, are not yet ready to declare an end to bad debt increases.

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