Patrick Chovanec sees China's buying of bank shares as a "head fake," a preemptive move to stop...


Patrick Chovanec sees China's buying of bank shares as a "head fake," a preemptive move to stop a crash and make it easier for the lenders to raise capital. He quotes Vitaliy Katsenelson: "China's SWF is not Warren Buffett... when he's buying BRK.A, he actually thinks it's undervalued. China (is) just trying to create confidence."
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