ANBOUND: Mixed Ownership Reform Does not Make Sense for Banks
ANBOUND
Since this June, the long-waited and silent bank stocks have suddenly been the hot shares in capital market because the State Council is reported to launch measures over the mixed ownership reform of banking industry. But ANBOUND believes that the reform does not make sense for the banks as it could neither transform the banking industry from the root, nor improve the core competitiveness of state-owned banks. The hike share price just reveals that the market is pursuing the banking profit in short term.