China’s Liquidity Tightening Is Helping Banks, UBS’s Tang Says

Tightening by the Chinese government is helping to improve the balance sheets of banks and directing credit in the right direction, UBS AG’s China strategist John Tang said today at a Bloomberg conference. The environment for Chinese banks will remain good next year, and investors should buy the shares, Tang said in Hong Kong.

To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net

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