Banks ex­pect to see sun­nier skies

Shanghai Daily - - BIZ INSIGHT -

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.

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