Positives of RRR Cut Are Likely to Be Offset by Rising Credit Quality Pressures as Economy Weakens
Following the announcement of the Chinese central bank’s required reserve ratio, or RRR, cut of 50 basis points, effective July 5, we retain our...
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Money Matters: Chinese Financial System Opening Up- The Chance of a Lifetime?
A recent Bloomberg article titled "China's about to give global finance the chance of a lifetime" made me smile. In the article Bloomberg predicts...
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China Banks – Radical Divergence in Funding Cost Growth
The largest four banks in China have an implicit guarantee from the government; are ubiquitous across the country; have a huge and sticky low-cost...
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Agricultural Bank of China - Capital Overhang Persists
* Well-Orchestrated Capital Raise Coupled With More Regulatory Forbearance: Agricultural Bank of China (1288.HK) [ABC] announced plans on raising...
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Large Banks Benefit from CBRC’s Relaxation in Provision Requirement
We believe the recent announcement by China’s banking regulator CBRC to lower loan-loss provisions for qualified banks is positive for near-term...
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