One Hedge Fund Goes Against Industry Titans on Big China Banks
By-
Mainland banks may “grow themselves out of the problems”
-
William Lee’s Red Cliff goes against bears such as Kyle Bass
As bearish calls against China’s banks are mounting, one hedge fund says the nation’s biggest financial institutions can attain the “beautiful state” enjoyed by global rivals such as JPMorgan Chase & Co.
Industrial and Commercial Bank of China Ltd. and the biggest Chinese banks may generate enough growth in coming years, which combined with retained earnings and capital injections would offset risks caused by non-performing assets, said Red Cliff Asset Management, a Hong Kong hedge fund founded by William Lee, a former head of Asia Pacific equity derivatives at JPMorgan. Banks such as ICBC “can potentially grow themselves out of the problems” if they can maintain their profit margins and freeze the quality of their loan portfolios…
One Hedge Fund Goes Against Industry Titans on Big China Banks
