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<Research>JPM: CN Amends Regulation to Protect SMEs' Accounts Receivable to Help Reduce Asset Quality Risk of CN Banks
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H-share banks spiked 13% over the past month, outperforming the HSI by 6 ppts over the same period, JPMorgan released a research report saying. The broker reiterated its bullish view on Chinese banks. JPMorgan believed that a new amendment to China's regulation on protection of SMEs' payment, which aims to shorten the number of days for SMEs' receivables to turn over, came into effect on 1 June and will reduce banks' asset quality risk. PSBC (01658.HK) and MINSHENG BANK (01988.HK) are likely to benefit more than their peers from this development. AAStocks Financial News Website: www.aastocks.com |
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