Banks Brush Off SVB Shock as Regulations Pay Off: China Today

For years, Chinese banks have underperformed their global peers as risk prevention trumped everything else. At a time when financial stability concerns are turning expectations upside down globally, China’s stable banks with low P/E multiples and high dividend yields are favored among some investors to outshine peers worldwide.

• The turmoil originating from SVB Financial Group deepened on Monday, with US regional lenders among the hardest hit. The KBW Nasdaq Global Bank Index tumbled more than 4%, extending last week’s 5.2% slump. Only four state-owned lenders managed to close Monday higher: Industrial and Commercial Bank of China, China Construction ...