2013-08-28
Could Chinese Banks Be Undervalued?
The author is Bernstein Research senior analyst Mike Werner Since the peak of the SHIBOR (Shanghai Interbank Offered Rate) crisis in late June, the Chinese banks have staged a mini-rally as their shares are up 13%, on a weighted-average basis, outperforming the regional MXAPJ Index by 840bp over this period. Despite this, the Chinese banks […]
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