China CITIC Bank

Banking subsidiary to manage “modest growth appetite” despite narrowing margins.

The value of IPOs by Chinese issuers also fell to a decade low.

It has reported the matter to authorities in Hong Kong.

It aligns with international frameworks, but some have indirect ties to fossil fuels.

By 2023, cash in hand of $3.7b was enough to cover the acquisition.

China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.

The reopening of mainland China will drive sales of wealth management and insurance products.

This is their first bancassurance collaboration in Macau.

And Goldman Sachs signals possible sale of consumer business assets.

Policies to slow debt growth and control property prices appear to be working, abating economic risks.