Tag Archives: CICHY
Emerging market stock of the day: China Construction Bank
Today’s emerging market stock of the day is China Construction Bank (CICHY, quote) which reported earnings Sunday before Hong Kong’s (EWH, quote) open. Thanks to better than expected earnings, China Construction Bank moved higher in early Asian trading.
Chinese banks have ‘a cough, not a fever’
Mounting non-performing loans from the Chinese government’s ¥4 trillion ($586 billion) post-2008 stimulus package have led to widespread fretting about the health of the Big Five state-owned Chinese banks.
Why Indian banks are no longer brightest of the BRICs
With the banking sectors in two of the four BRIC markets — Brazil and China, facing short and long-term systemic challenges, Indian lenders have held up better than their counterparts, only to falter in the last few weeks.
Looking for a ‘small’ Chinese bank stock?
While China’s banking sector is often considered both megalithic and monopolistic, there are actually over 4,000 small lenders operating in the giants’ shadows. U.S. traders can even get direct exposure to a few.
$2.48 billion Temasek deal signals long-term investment shift
Temasek, the Singaporean government’s sovereign wealth fund, has unloaded $2.48 billion worth of shares of the Bank of China (BACHY, quote) and China Construction Bank (CICHY, quote).
Relax – Singapore is taking profits on Chinese banks, not dumping failures
Today’s news that Singapore is liquidating $2.5 billion in Chinese bank stock should not alarm traders wary of the sector’s health. If anything, by global standards, these banks are among the most solid in the world — if, of course, you believe the official numbers.
Betting against Chinese banks is harder than it looks
Traders convinced that China’s banking system is on the edge of collapse can use ETFs to put their money where their mouth is – but the argument that these stocks are poised for disaster has gotten harder to make.
