Lenders in any of the financial centers have the merit over their Chinese counterparts until 2023.
Leading edge.
Andy Mukherjee
Asia’s two currency centers lately look more to banks than the region’s largest economy.
For at least part of 2023, Chinese lenders could bear the brunt of President Xi Jinping’s draconian covid-19 containment policies and the continent’s real estate crater. With a tendency to track borrowing costs in the United States to a large extent, you will see banks enjoy exceptional profitability for a consecutive year.