China Banks’ Profitability to Stabilize: CreditSights

Mar.29 — Jason Tan, senior research analyst at CreditSights, discusses the prospects for Chinese banks.  Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, China Construction Bank Corp., the second-largest, and smaller rival Bank of Communications Co. all posted gains in net income of at least 44% in the last three months of 2020, far exceeding analyst estimates. Tan speaks on “Bloomberg Daybreak: Asia.”