Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03328 BANKCOMM
RTNominal down5.140 -0.140 (-2.652%)
Others

14/02/2020 18:01

{I-bank focus}China's financial risks remain manageable

[ET Net News Agency, 14 February 2020] ANZ Research believes the coronavirus outbreak
will impact key industries in China to varying degrees, with sectors such as lodging and
catering, wholesale and retail trade, transportation, and tourism being the most affected.
However, these industries consist mostly of small and privately-owned firms which are
under-served by commercial banks. Thus, Chinese banks' lending exposure to them will be
limited, said the research house.
ANZ estimated banks' potential losses to be CNY400bn in its optimistic scenario, a still
manageable level compared to the country's total non-performing loans of CNY2.4trn as of
3Q 2019, and an annual CNY1.1trn of loan write-offs.
In addition, the provision coverage ratio of Chinese banks averaged 180% at end-2019, so
they will have the capacity to absorb the loan losses without additional assistance.
Therefore, ANZ maintained that the financial risks will be manageable if the Chinese
economy can achieve GDP growth of 5.5% this year with proactive policy measures. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.