China's Best-Performing Bank Stock May Have More Room to Rise

China's Best-Performing Bank Stock May Have More Room to Rise

China's Best-Performing Bank Stock May Have More Room to Rise

By / Small Business / Monday, 27 August 2018 02:05

President Xi Jinping’s push to spur lending in his economy stands to benefit Postal Savings Bank of China Ltd., whose ubiquitous green-fronted outlets have been luring deposits across the nation.

This branch network, the widest in the world, has become a source of cheap funds for the lender, ensuring it’s better placed than rivals amid the government’s crackdown on riskier financing. Postal Bank is China’s best-performing financial stock this year, and analysts surveyed by Bloomberg say its shares could rise an average 26 percent from the current HK$4.55.

 

Read more at Bloomberg.

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NexPro Media Staff

NexPro Media Staff

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