Moody's Sounds Alarm On Smaller Chinese Banks

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Mark Melin
Published on
Updated on

On the surface, the picture for Chinese banks is improving, particularly for larger banks. Delinquent loan ratios are down as are “special mention” modification cases and loan loss reserves look positive, an April 19 Moody’s report pointed out. The story for smaller banks is different, as the rating agency nonetheless maintains “bias to the downside” on the category.   Large and small Chinese banks move in different directions The 2016 financial performance for China’s 11 largest banks – dominated by five state-owned banks, and six joint-owned national banks – was generally positive. The smaller, independent banks, however, unable to compete…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.