if you check the pbthe valuation is quite reasonable, h-shares (latest pb)
china construction bank 1.4pb (bank of America exercised their call options at 1.2pb)
boc & citic bank 0.95pb
icbc 1.5pb
bank of communications 1.2pb
cmb 1.58pb
just ask a question: the chinese banks have the same toxic assets as citi/rbs/hsbc/etc have?
Sorry may I know what is pb?
I remember the toxic waste it is called non-conforming loans in China official announcement. The best things is there aren't so many CDOs, CDO^2s etc in China.
Yeah!
Huasing Association 1999 - 2013