CICC IPO: Valuation on-par with well capitalized peers, is it well positioned for competition?
CICC launched its IPO this weak, with price range indicating a valuation on par with its peers. As discussed in our previous IPO preview for CICC,...
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CICC IPO preview: Does past glory warrant a forward premium?
According to media reports, CICC plans to launch its IPO soon to raise approximately US$500-800m. With the IPO launch being imminent we examine the...
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"Special Mention Loans" across Asia
Banks in Asia tend have five loan categories, where the last three combined are termed non-performing (NPL). These categories are substandard,...
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China Banks' Thin Line
Beijing canceled the loan:deposit ratio (LDR) cap of 75%. It’s worried. This can be considered to be a similar move as lowering the reserve...
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What's Next For China?
Raids on brokers and traders. Less economic data flow, or spurious upward revisions. Wealth management product holders not getting paid. Defaults...
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