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Fitch raises China major state banks ratings

Fitch raises China major state banks ratings

Reuters08-04-2025
BEIJING, April 8 (Reuters) - Global ratings agency Fitch revised outlooks for China's five major state banks and China Merchants Bank (600036.SS), opens new tab to stable from negative on Tuesday, despite the downgrade of China's sovereign rating last week.
The Chinese government still retains financial flexibility to support the sector including the six banks, even during higher deficits and rising debt, Fitch said.
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