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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China Banks – Can You Say Capital Forbearance?
* Questionable Reduction in Reserve Coverage: Just as the wheels are about to fall off the bus, the China Bank Regulatory Commission (CBRC) - in...
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PSB's 3Q Results Confirmed Our Favorable View for the Bank
Postal Savings Bank of China’s third-quarter results confirm our belief that the bank’s near-term performance will continue to stand out, thanks to...
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We Initiate Coverage of PSBC With No-Moat and Stable Moat Trend Ratings
We initiate coverage on Postal Savings Bank of China, or PSBC, with no-moat and stable moat trend ratings, along with a fair value estimate of HKD...
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Postal Savings Bank – Expect to Be Disappointed
Several of China’s banks have announced 4Q16 results. The common thread is higher impairment costs, bad loans and overdue loans. And this is very...
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