Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE
Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE

Stocks

China’s banking shares head for ‘V-shaped turnaround’, to rise 60 per cent, CICC says

  • A gauge of 38 Chinese banks is due for its best quarterly performance this month, as bargain hunters pile in amid improving profitability
  • Banks will rise to levels that match book values, implying gains of 60 per cent, according to China’s largest investment bank

Topic |   Stocks
Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE
Shanghai’s financial centre. The rotation to banking stocks comes as China’s economy grew for a second consecutive quarter over the past three months. Photo: EPA-EFE
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