Best-Ranked Bank OCBC Cautions on China Crunch

Best-Ranked Bank OCBC Cautions on China Crunch

Tomohiro Ohsumi/Bloomberg

Buildings stand illuminated at night in the Lujiazui financial district in Shanghai. China’s State Council, headed by Premier Li Keqiang, pledged on July 5 to improve the effectiveness of financial support for the economy, saying a misallocation of capital is hampering the restructuring of the economy.