Xiong Lin

The Profit-Valuation Disconnect of Chinese Listed Banks: Empirical Evidence from Non-Interest Income (2015–2024)

Interest rate liberalization pressures Chinese listed banks to expand non-interest in-come, yet prior research overlooks capital-market valuation responses. Using a bal-anced panel of 24 A-share banks (2015–2024, 240 observations) with two-way fixed-effects regressions, we find that non-interest income ratio (NIIR) sig...