China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth. Five state-owned ...

Recall that in recent months, China's central bank has made a series of incremental cuts to the national reserve requirement ratio (i.e., the portion of money banks hold as reserves), followed by ...

We believe China Merchants Bank has a narrow economic moat. In our view, the moat is derived from funding cost advantage and switching costs. Cost advantage is the primary moat source. CMB's low ...

We retain our fair value estimate on China Merchants Bank, or CMB, at HKD 48 per H share (CNY 45 per A share) after the in-line results, with shareholders' net profits increasing 6.2%, despite ...