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CGMBF - China Minsheng Bank: There Is Still Cause For Trepidation
China Minsheng Banking Corp Ltd
The Chinese banking sector has performed relatively well thus far in this year as government policies such as the relaxation of the RRR (Reserve Requirement Ratio) has improved liquidity. In recent weeks, increasing concerns have, however, been expressed by many who believe that the stimulus has caused banks to be more lax in their lending policies and also that the banks are increasingly facing capital shortfalls. These concerns are not without merit and therefore warrant closer consideration in any analysis of a Chinese bank.
China Minsheng Bank (CGMBF) (CMAKY) is a Chinese bank