Ac t i o n | 04 May 2026 17:46:13 ET │ 122 pages China Banks Better Than Expected 1Q26 Result with Large Banks & Regional Banks Stand Out; NIM and Fee Income Are Bright Spots CITI'S TAKE 21 covered China banks PPOP growth accelerated to +9.5% y-y in 1Q26 (vs. +2.6% y-y in 4Q25) on resilient loan growth, recovering NIM and decent trading gains/fee income, although we see increasing divergence with large banks/regional banks' results better vs. joint-stock banks. 1Q26 earnings was softer at +3% y-y (vs. +1.4% ...