Jefferies' Shujin Chen on China's Financial Sector Weathering the Crackdown

The video discusses the fintech industry's valuation challenges due to regulatory headwinds, the impact of the property market on banks, and the financial issues faced by Evergrande. It explores the capital adequacy and profitability of Chinese banks, highlighting their role as infrastructure supporting the real economy. The discussion includes the potential systemic effects of Evergrande's defaults and the challenges Chinese banks face in raising equity.

Explain the significance of capital adequacy ratios for banks as discussed in the text.

What are the expected outcomes for Chinese banks in terms of profit growth this year?

What are the top picks for Chinese banks mentioned in the discussion?