Profits rise at mainland China banks but headwinds hit growth

The mainland's three largest banks yesterday posted first-quarter growth in net profit ranging from just over 8 per cent to almost 16 per cent year on year.

Those increases were smaller than last year's as the lenders felt the effects of the country's economic slowdown.

via Business feed http://www.scmp.com/business/banking-finance/article/1224191/profits-rise-mainland-china-banks-headwinds-hit-growth