CreditSights' Shenoi on Chinese Banks

The video discusses the banking sector's exposure to Evergrande, highlighting that while not negligible, the risk is somewhat contained due to project loans. It examines the property sector's impact on banks, particularly joint stock banks with lower capital ratios. The video also covers the challenges of raising capital in China, asset quality concerns, and the implications of bringing wealth management products back on balance sheets. Finally, it reviews trends in loan growth and net interest margins, noting expected deceleration and potential stability.

What trend is expected regarding wealth management products and their impact on banks' balance sheets?

What has been the loan growth percentage for banks in the first half of the year?

What is the expected trend for net interest margins going forward?