CCB International bullish on Chinese banking sector

Said sector to gain boost from solid Chinese economy.

Investment bank CCB International Securities Ltd believes that China’s financial regulatory bodies will be willing to implement new policies and said economic growth will be sustained.

As regards regulatory risks, the investment bank said that it expects the China Banking Regulatory Commission to keep a close eye on potential risk factors in the banking system. It also expects the banking sector regulator to be more accommodative in \new policy implementation.

CCB International said that China’s economy should grow 8% in 2013, which should lend support to the profit growth of domestic banks.