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China Banks in ‘Sweet Spot’ Amid Rate Increase: Credit Suisse

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Oct. 20 (Bloomberg) -- Chinese banks are “in a sweet spot” as the unexpected increase in the nation’s benchmark lending rate will boost margins, Credit Suisse analysts including Sanjay Jain wrote in a report.

Property stocks are likely to “underperform” as the interest-rate increase may lead to a decline in investment- and speculation-driven demand for housing, the brokerage said in a separate report by analysts including Jinsong Du.

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net

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