China's big banks post Q3 profit gains, squeeze on net interest margins By Reuters

Third-Quarter Profit Increases: China's largest banks, including Agricultural Bank of China and Industrial and Commercial Bank of China, reported profit increases in the third quarter, primarily due to reduced provisions despite facing challenges like shrinking profits and weak loan demand amid a sluggish economic recovery.

Net Interest Margin Pressures: Several banks experienced a squeeze on net interest margins (NIM), with expectations that this pressure will continue as government policies aimed at supporting the economy are implemented, potentially affecting bank profitability and credit demand.