DBS: Bank of China 3988 HK EQUITY | 601988 CH Equity – Buy Target Price HK$3.70 RMB4.10 Research - Equities
Chinese Banks Racked Up USD163.6 Million in Fines in First Half for Lax Control of Loans, Other Offences News
China banks’ TSF increased 10.8% with loosening monetary policy, credit environment improved at an accelerated pace. Top picks by DBS: Postal Savings Bank of China and China Merchant Bank. Research - Equities