Mainland Chinese Banks Post Valuation Gains As Stimulus Pushes Shares Higher
Source: SeekingAlpha
2025-01-28 14:00:00 ET
Summary
- Large lenders in mainland China have narrowed the gap between their stock prices and tangible book values since September 2024, as shares were boosted by various government stimulus measures to support economic growth.
- China Merchants Bank Co. Ltd. remained the most expensive among lenders with more than 1 trillion yuan in assets.
- The median P/TBV of the 30 mainland Chinese lenders analyzed in December 2024 was 0.49, compared to 0.44 for 27 lenders with assets exceeding 1 trillion yuan in August 2024.
Large lenders in mainland China have narrowed the gap between their stock prices and tangible book values since September 2024, as shares were boosted by various government stimulus measures to support economic growth....
Read the full article on Seeking Alpha
For further details see:
Mainland Chinese Banks Post Valuation Gains As Stimulus Pushes Shares Higher
Zhongyuan Bank Co. Ltd ADR
NASDAQ: ZNNGY
ZNNGY Trading
0.0% G/L:
$3.11 Last:
100 Volume:
$3.11 Open:
