Banks expect to see sunnier skies
CHINESE mainland yuanbacked A shares have nearly quintupled in the past two-and-a-half years, thanks to sustained capital inflows and improved corporate earnings.
However, the market started to encounter bigger volatility in the second half of this year amid jitters over inflated valuations and a possible economic slowdown.
Shanghai Daily business reporters will do a series of year-end stories over listed companies’ profit prospects and business environment in 2008 by industry.
Today, banking reporter Zhang Fengming brings the first piece on how the biggest mainland lenders can diversify businesses to boost their bottom line next year.