China’s banks are “misunderstood”

According to Gustav Rhenman, a portfolio manager at East Capital, China’s banks are much stronger than people think and are backed by political levers that will ensure good performance, despite the threat to profitability from the recent interest rate cut.

<div style="text-align: left;"> China's banks: not as shaky as you think (AFP) </div>

Nick Lord

June 20, 2012

Worries about China’s slowing economy and property overhang leads many to think that China’s banks are due for the same kind of problems that banks in the West are currently facing.

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