A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province. Photo: AP
A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province. Photo: AP

Who dares wins? China’s small banks beat ICBC, and state giants, turning brave bets into bonanzas

  • Bank of Chengdu and Bank of Jiangsu have risen at least 29 per cent this year, placing them among the top 10 performers on the CSI 300 Index
  • Regional lenders have less exposure to the property market and are thriving by serving industrially dynamic cities and provinces, analysts say

A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province. Photo: AP
A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province. Photo: AP
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