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China Banking Stimuli: Positive For HSBC, StanChart

FINANCIALS

Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that risks denting lenders' asset quality. (RTRS). Positive for local banks, HSBC, StanChart, AIA.


  • No surprise here, policy support and the potential for more has been at the fore in recent months e.g. expedited whitelisting for funding of certain projects.
  • Chinese property equity sub-indices rallied on expectations for deeper support on Monday.

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