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PSBC: Capital Occupation, Cost of Capital, Credit Cost Significantly Lower than Comparable Peers
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PSBC (01658.HK)'s strengths lie in its extensive access channels and strong capital strength, while its capital usage, capital cost and credit cost are significantly lower than those of its comparable peers, which proves that PSBC's strategic positioning is accurate and that its overall strategy is a success, Zheng Guoyu, Chairman of PSBC, said. Zheng emphasized that PSBC's vision for the future would remain unchanged, but at the same time, the environment and circumstances faced by the bank had changed. For example, China has higher requirements to provide high quality financial services for economic and social development. Meanwhile, there are new changes in the market to cope with the upgrading demand and structural optimization of China's economy, etc.. AAStocks Financial News |
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