Zheshang Bank
How Chinese Banks Accelerate Risks
We have long maintained that the smaller Chinese banks have the highest risk profiles. This is due to their aggressive expansion of their balance sheets using risky sources of capital, along with their reliance on a much smaller market with less opportunity to spread the risk geographically. Zheshang Bank, which listed in 2016 and has a market cap of $9.6 billion, is a clear case study.