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...
202 Views
Bitcoin - The View From Lagos
In my research and investing I stress three things: people, structure, and value. I look for companies that are controlled and managed by quality...
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Chinese Officials Turn a Blind Eye to Corruption
One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its...
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China-Hong Kong Bond Connect on Its Way. A Legal Update from Dechert's Financial Services Group
China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond...
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