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BACHF vs. ETF Alternatives
Monday, Jul 22012, 4:15 AMChinese banks accounted for almost a third of global bank profit last year, up from just 4% in 2007. Much of the gains came at the expense of European peers who bled marketshare. Leading the profit tables: ICBC with pretax earnings of $43.2B, China Construction Bank with $34.8B, and Bank of China with $26.8B. JPMorgan (JPM) and HSBC (HBC) took fourth and fifth place. |Monday, Jul 22012, 4:15 AM| 1 Comment
Thursday, Mar 82012, 2:52 PMBank of China (BACHF.PK) is among Asian lenders filling the gap left by retreating European banks, sharply increasing property loans in the U.S., especially in NYC. "China ... has capital that needs to be put to work," says an analyst, exactly the opposite of the issue facing many EU banks. |Thursday, Mar 82012, 2:52 PM| Comment!
Monday, Jun 202011, 8:42 AMCredit Suisse downgrades China's banks, swinging from overweight to underweight without stopping at neutral. Importantly, the bank tags what could be the next sovereign risk issue, as massive local off-balance sheet financing begins to move onto Beijing's books. CHIX -4.3% YTD. |Monday, Jun 202011, 8:42 AM| Comment!
Wednesday, Apr 132011, 10:16 AMWith credit expansion expected to continue to surge, China's banks will need to raise $131B of fresh capital over the next 5 years, according to a regulatory source. Bloomberg calculates this amounts to about 13% of the total stock market capitalization of China's banking system. CHIX +2.4%. |Wednesday, Apr 132011, 10:16 AM| Comment!
Tuesday, Mar 82011, 10:34 AMA legacy of torrid credit growth and surging property prices puts China at a 60% risk of a bank crisis by 2013, says Fitch. According to Richard Fox, a bursting real estate bubble will put "holes in bank balance sheets." The Hang Seng Finance Index brushes off concern, +1.5% last night. |Tuesday, Mar 82011, 10:34 AM| 2 Comments
Friday, Mar 42011, 7:31 AMFalling short of forecasts for the 2nd consecutive month, Chinese banks make just $91B in new loans in February. It either suggests that numerous steps to slow credit growth are taking effect, or that banks have become more adept at obfuscating the true amount of lending. CHIX -0.9% YTD. |Friday, Mar 42011, 7:31 AM| Comment!
Tuesday, Jan 112011, 7:47 AMChina's currency reserves increase by a record $199B last quarter as surging hot money inflows more than make up for a shrinking trade surplus. Rate increases are drawing in speculative capital, creating more liquidity, necessitating higher rates, drawing in speculative capital ... |Tuesday, Jan 112011, 7:47 AM| Comment!
Friday, Jan 72011, 7:40 AM
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