Jefferies' Shujin on Chinese Bank Earnings

The video discusses the limited impact of US rate hikes on Chinese banks due to China's monetary loosening. It highlights preferred banks like B&B, China Merchants Bank, and PSBC for their retail banking focus and profit growth. The video also examines banks' exposure to property developers, noting a potential increase in MPR ratios due to weak property sales. Lastly, it addresses the impact of COVID-19 on loan growth, emphasizing the importance of retail loan recovery for achieving GDP targets.

What is the impact of US rate hikes on Chinese banks according to the text?

Which banks are preferred for a one-year view and why?

What are the implications of the current policies on large and small property developers?

What is the expected trend for the MPR ratio for property developer loans?

How has COVID-19 impacted loan growth in China?