Reported about 2 months ago
Despite China's economic struggles and a real estate crisis, Chinese banks have become unexpected favorites among investors. Their appealing dividend payouts have attracted traders, leading to significant share price increases for major banks like Agricultural Bank of China and Bank of China. The CSI Banks Index has surged 19% this year, far outperforming the broader market. While some analysts warn of potential pitfalls, bullish sentiment persists driven by state support and shifting market dynamics.
Source: YAHOO