Finance
China’s Mega Banks Deliver on Dividend Pressure as Profits Fall
- ICBC, Agbank and CCB announces interim dividend payments
- China banks under pressure to boost payouts as markets slide
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China’s biggest lenders heeded calls from regulators to boost dividends and support markets even as earnings are under pressure from falling interest rates.
The world’s largest lender by assets, Industrial & Commercial Bank of China Ltd., on Friday announced its first ever interim dividend as first-half profit fell 1.9% to 170.5 billion yuan.