China banks a buy despite loan tightening: Jing Ulrich
The country’s banks look set to experience further lending restrictions next year but nevertheless should benefit as Beijing seeks to re-orientate the country’s economy toward domestic consumption, says J.P. Morgan’s chairman of China equities and commodities.
China’s banks should thrive in 2011 despite the likelihood of Beijing continuing to tighten their ability to lend, according to Jing Ulrich, chairman of China equities and commodities at J.P. Morgan.
“We see China’s financials as enablers in the rebalancing of the economy”, Ulrich said at a media
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