China Merchants Bank, Bank of China Favored: Daiwa Capital

Apr.27 — Leon Qi, regional head of financials and fintech research at Daiwa Capital Markets, discusses the outlook for Chinse banks and embattled distressed-debt manager China Huarong Asset Management Co. Huarong repaid an offshore bond maturing with funds provided by Industrial & Commercial Bank of China Ltd., the nation’s largest state-owned lender, according to people familiar with the matter. Qi speaks on “Bloomberg Daybreak: Asia.”