Chinese banks account for two-thirds of HSCEI Index move since US election
Two-thirds of the Hang Sang China Enterprises Index jump of almost 7% since the US elections has been from mainland banks.
The Hang Sang China Enterprises Index rose by 670 points, or just under 7%, since the US elections. Nearly two-thirds of that increase, or 442 points, came from China’s Big Four banks. So much for China’s debt crisis. Credit crises are not typically associated with rapid economic growth, which gives the banks space to clean up their nonperforming loan problems. — David Goldman