包商银行收购，金融业供给侧改革的加速（中国银行业）.pdfVIP

Contents What does supply-side reform in the financial sector mean? 3 Clean up of distressed FIs has been underway for some time 5 Will the clean-up lead to a liquidity crunch? 11 Balancing the clean-up of distressed banks and policy easing .. 14 Credit implications of Chinese banks bonds/AT1s 16 Figure 3: Valuation comparison, China banks under UBS coverage Pr ice Pr ice Imp lied Dividen d EPS g r owth P /BV r atio P /E r atio ROAE Ticker Rating