China Construction Bank – Still Chunky NPL Increases
CHINA CONSTRUCTION BANK: CCB reported a 4Q20 core earnings results decline 7.5% QOQ. Weakness can be attributed to a massive increase in costs and...
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Postal Savings Bank of China – Excess Provisioning
POSTAL SAVINGS BANK: PSB reported a 40.8% decline in QOQ results, as loss provisioning was too high relative to risk is peaking; and an operating...
254 Views
ZhongAn Online P&C Insurance – Don’t Believe The Hype
ZHONGAN ONLINE P&C INSURANCE: ZhongAn reported full year 2020 bottom-line results of CNY 554 mn. We have a difficult time believing that ZhongAn...
332 Views
Linklogis IPO - Pricey for a Reason
Linklogis, a technology solution provider for supply chain finance in China, is aiming to raise around US$1bn in its Hong Kong IPO. Its investors...
801 Views
PICC P&C – Poor Overall Results
PICC P&C: PICC P&C reported a 2H20 earnings decline 41.7% HOH. Credit insurance remains a trouble spot while auto is enjoying a temporary COVID...
430 Views