HONG KONG/TOKYO -- China's biggest state banks on Friday reported record low net interest margins in the first half of this year as the central bank cut rates to boost loan demand, putting pressure on lenders to seek new avenues of growth.
Finance
Top Chinese state banks' interest margins hit new lows
Lenders seek growth in investments and fee income
A man walks out of a branch of Industrial and Commercial Bank of China (ICBC) in Beijing. Big Chinese banks face a tough balancing act between boosting loan growth and maintaining profitability. © Reuters
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