CCB has an industry-leading capital position, high provisioning, and strong corporate customer mix.
Though the 9.1% year-on-year revenue drop for China Construction Bank’s first quarter made its first-quarter results look weaker than peers, we believe CCB’s core revenue growth appeared to be steadier than peers, with net interest income merely shrinking 0.9% while fee income rose 1.0% from the year-ago period. The revenue decline was primarily dragged by a 62% fall in other business revenue as insurance premium significantly shrank after Chinese insurers started to crack down on universal insu...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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