CHIX ETF: Valuations Near China Financial Bottom

Sub Levels


Modern office building close up in daylight

Wong Chunip

China’s bank valuations have suffered significant declines in recent years, and current share prices point to significant valuation discounts across all fundamental indicators. Large state-owned (SOE) banks, in particular, trade at the highest book discount rates through H-shares, despite consistently generating ROEs in the low teens throughout the cycle.and



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