Nearly 90% of China’s bank stocks fell to the price of cabbage

Translated by: MOS Gospel Team – lilian89 

Since the third quarter, 36 of the 41 A-share listed banks have seen their share prices fall below their net asset value, with the ratio of nearly 90 percent, as high as 87.8%. From the closing price on Nov. 10, the Price-to-book ratio of 41 listed banks’ stocks has dropped to between 0.35 times and 1.9 times. The top five from the bottom in terms of P/B ratio are: Minsheng Bank, Huaxia Bank, Yu Nongzheng Bank, Bank of Beijing and Bank of Communications, with P/B ratios of only 0.35, 0.37, 0.43, 0.44 and 0.44 respectively.

According to analysis by industry insiders, the performance of bank stock prices is closely related to the social credit environment. With the continuous exposure of credit risks in the real estate-related fields of the CCP and the substantial contraction of the credit environment, it is inevitable that bank stock prices will be suppressed. In the future, as the huge risks in the real estate and mining industries continue to be exposed, the day when the Chinese Communist Party’s banking industry collapses may be getting closer.

Proofread by: Ruiqiu

Posted by: Ruiqiu

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