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S&P: CN Property Mkt May Stabilize, Beneficial to CN Banks
Recommend 13 Positive 22 Negative 5 |
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Rating agency S&P Global Ratings expected that the real estate market in China's core cities is gradually stabilizing, which may help improve consumer confidence, spreading economic benefits. This will be advantageous for large state-owned banks, most joint-stock banks and regional banks in core cities. However, S&P anticipated stabilization in China's property market, rather than a roaring recovery. It saw operational challenges for regional banks in lower-tier cities where recovery is lagging. AASTOCKS Financial News Website: www.aastocks.com |
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