More than half of the banks listed in the A-shares market have released preliminary annual results. A strong majority of banks reported a decline in their non-performing loans ratio but Shanghai Pudong Development Bank wasn't among them. However, the SPD bank said in its preliminary annual report that its credit business was stable while its assets quality was solid and risk controllable.

An earlier report from China's banking regulator showed that the NPL ratio of commercial banks stood at 1.74 percent at the end of 2017. Most of the banks that released preliminary annual reports except for SPD, Jiangyin Bank and Zhangjiagang Bank said that their NPL ratios were below 1.74 percent. Meanwhile, four banks including China Merchants Bank and SPD, reported revenues exceeding one hundred billion yuan. Nearly all of the banks that released preliminary reports showed a profit increase in 2017.