 |
|
  |
2009-1-14 11:04:00 a.m. HKT, XFNA
DJ MARKET TALK: China Banks Strong; NPL Concerns Eased Somewhat
|
| |
| 1056 [Dow Jones] Six H-share banks all higher amid HSI rebound, likely also boosted sentiment-wise by CBRC saying mainland banks should strictly control non-performing loan ratio. Previously, players concerned "mainland banks would be forced to lend, at the expense of rising bad loans, in order to help achieve Beijing's economic growth target," says YK Chan of Phillip Asset Management. Bank of China (3988.HK) +2.7% at HK$1.90 after RBS stake sale overhang removed; China Construction Bank (0939.HK) +3.8% at HK$3.83, China Merchants Bank (3988.HK) +2.6% at HK$26.80; all of them trading firmly below 10-day moving averages, unlikely troubled.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=yl3e0jP09cP315g3He22hA%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
