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Opinions Darren Sissons
Industrial & Commercial Bank of China Ltd1398.HKDON'T BUYJan 30, 2014
N/A
Stock price when the opinion was issued
$5.43
As of Oct 21, 2019. Market Open.
Financial Services
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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.