4Q: Industrywide Bad-Debt Ratio Fell, While We Believe Credit Cycle Has Yet to Peak
China’s banking regulator, CBRC, released 2016 operating data for commercial banks, with net profit up 3.5% from 2015. Fourth-quarter earnings...
220 Views
Tighter Monetary Policy to Facilitate Financial Deleveraging in China
After lifting the medium-term lending facility rate by 10 basis points on Jan. 24, the People's Bank of China raised the overnight short-term...
321 Views
Smartkarma - ECM Coverage Weekly Update (16 Jan 2017)
Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.Accuracy Rate:It's only...
204 Views
What Caused the CNH Surge?
There was some consternation last night as the CNH surged against the USD bringing the CNY-CNH spread to an unprecedented 800 or so. What is...
408 Views
Jilin Jiutai Rural Comm Bank IPO: Valuation Unsupported By Fundamentals
Jilin Jiutai Rural Commercial Bank (JJRCB), a North Eastern China-based rural commercial bank group, is raising up to US$400m in its IPO to list in...
420 Views