Chinese Financials’ Earnings Growth Set to Outpace Wider Market
The Ping An International Financial Center in Beijing, China.
BloombergChina’s financial sector is on track to outpace the broader market’s earnings growth, with forecasts for the nation’s banks and insurance firms climbing steadily since August.
Estimated earnings growth for Chinese financial stocks listed in the MSCI Emerging Markets Index has climbed to 3.2% while that for Chinese shares overall has slumped to 1.7%, Bloomberg Intelligence data shows.