Opinions
Darren Sissons
Industrial & Commercial Bank of China Ltd
1398-HK
DON'T BUY
Jan 30, 2014
N/A
Stock price when the opinion was issued
Financial Services
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Fundamentally, do you really want to own Chinese banks here right now? A lot of the big banks in China actually have big government stakes and they have to invest in the growing portions of Chinese economy. Banking regulations for new banks have been very difficult to get. There are obviously some well-publicized issues with regards to the Chinese banking sector. This is a very risky bet. He would stay away from all the Chinese banks.