Latest News:  


Equity investors flocking to bank sector

By Qiu Chen (Global Times)

08:41, January 25, 2013

Shares of most Chinese banks have rallied sharply in recent days, fueled by increasing investor confidence in the domestic market and better-than-expected industry earnings, experts told the Global Times Thursday.

The total market value of the 16 publicly listed banks trading on mainland bourses gained more than 700 billion yuan ($112.48 billion) over the 35-trading-day period between December 4 and Thursday, making banking one of the A-share market's best performing sectors over the period. Ping An Bank Co, Industrial Bank Co and China Minsheng Banking Corp stood among the best performers, seeing the prices of their shares rising 56.64 percent, 49.72 percent and 47.37 percent respectively over the past seven trading weeks.

According to She Minhua, a banking stock analyst at Zhong De Securities, the banking sector has outperformed market benchmarks and has been a magnet for capital in recent days since investors regard it as a safe place to put their money as stocks advance amid indicators of gradual economic recovery and government efforts to strengthen the unruly market.

"Investors' expectations for the Chinese equity market have been gradually improving since regulators slowed down approvals on initial public offerings (IPOs)," said She. "Many believe that the stock market has room to grow before regulators again allow enterprises to issue IPOs in any large quantity. Essentially, capital holders are now looking for promising areas to invest in and banking stocks, which many view as being undervalued following drops seen last year, have made excellent targets."

【1】 【2】

We recommend:

Report on the rich in China released

Sales boosting measures for Spring Festival

1st express sleeper train starts operation

Top 10 most transparent multinational companies

Top Ten Economic Events in 2012

Beijing leads nation on rich list


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Two Sessions style' of CPPCC meeting

  2. Carrier-based aircraft unit in tactical training

  3. U.S. firearms sale up

  4. The happiest places in the world

  5. Time to stop waste on dining table

  6. Photos: Amazing China in 1950s

  7. Building on bridge triggers debate

  8. 'Nine Songs' swan song

  9. Heartfelt gifts of life

  10. Davos 2013: Building confidence

Most Popular


  1. Obama's second term: A road covered with thorns
  2. Talk is fine, but how about some changes?
  3. Foreign banks optimistic about Chinese economy
  4. Will Americans be fans of Chinese TV drama?
  5. US should not put new burden on itself
  6. The fiscal cliff and the 'gun cliff'
  7. New measurement may reshape Sino-U.S. trade ties
  8. Warning issued on global economy
  9. The 'artificialness' in Chinese movies
  10. China to ensure appearance of witnesses in court

What’s happening in China

Beijing fantasy emerges in dense fog

  1. Who cares for me after only child died?
  2. Can Chinese save face and save money?
  3. Overseas funding for nursing homes welcomed
  4. Police suspended amid official's property scandal
  5. Mummified bodies found in Beijing flat